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$443,000

NAL Estimated Property Value

7007 Crater Lake Drive, Arlington, TX, 76016

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,812 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.8 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size10,019 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN12760C-S-8
Lot Number8
SubdivisionEnchanted Lake Estate
Land UseResidential
Legal DescriptionENCHANTED LAKE ESTATE BLOCK S LOT 8 & PART OF COMMON AREA
Census Tract121609
Assessed Land Value$75,000
Assessed Improvement Value$338,333
Assessment Year2025

About this property

Beautiful home with great curb appeal and located in the Enchanted Lakes subdivision. This bright open floor plan has lots of natural light and tile and hardwood floors throughout for easy upkeep. Updated kitchen features newly painted kitchen cabinets, with tons of storage space and a eat in kitchen. The large living room is perfect for families and entertaining with french doors leading outside. Oversized master bedroom has space for a seating area and features an ensuite bathroom and walk in closet. Three additional bedrooms, two bathrooms, office and sunroom complete this amazing home. Relax in the backyard under the pergola where you can have BBQ's, entertain or just relax after a long day.

Investor Tools

Property Icon
$443,000
Estimated Property Value
$183,099Estimated Mortgage Balance
$259,901Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,658 /month
Positive
Cash Flow Estimate:
$886 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$777/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,109
$413,333
2025
$75,000
$338,333
$413,333
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,109
$413,333

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Conventional
$210,000
No
First
Nov 25, 2019
Dec 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,099
$259,901
58%
41%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,210/mo
$1,685/mo
+$1,525/mo
8.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Arlington

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7007 Crater Lake Drive | Property Details | No Agent List