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$842,000

707 Lorraine Drive, Southlake, TX, 76092

$1,061,863 ARVInfo
Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,131 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.82 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size15,006 sqft

Building Information

Year Built2000
Stories2
Garage Spaces3

Land Information

APN44582D-4-18
Lot Number18
SubdivisionVersailles Addition
Land UseResidential
Legal DescriptionVERSAILLES ADDITION BLOCK 4 LOT 18
Census Tract113957
Assessed Land Value$258,375
Assessed Improvement Value$796,625
Assessment Year2025

About this property

Welcome to this gorgeous light and airy home built by V. Patrick Gray in the highly desired neighborhood of Versailles. Lush landscaping creates perfect curb appeal! Enter to soaring ceilings in the Living room, w floor to ceiling views of the pool and backyard. The executive Study is ready for you to work from home. Generously sized Kitchen-Breakfast-Family room w all the space you need for entertaining. The backyard is ready for Summer fun w a gorgeous sparkling pool, great seating areas, mature landscape & lots of grass for play. Luxurious Master suite & guest room are downstairs. Split bedrooms & oversized Game room + bonus area up. New roof being installed. Walk the kids to Old Union Elementary.

Investor Tools

Property Icon
$1,367,000
Estimated Property Value
$0Estimated Mortgage Balance
$854,618Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,061,862
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,202 /month
Positive
Cash Flow Estimate:
$2,734 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,910/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,084
$1,055,000
2025
$258,375
$796,625
$1,055,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,084
$1,055,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$467,000
No
First
Aug 27, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$512,382
$854,618
62%
37%
$3,400/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,130/mo
$4,100/mo
$-970/mo
2.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Southlake

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707 Lorraine Drive | Property Details | No Agent List