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$725,000

824 Forest Lakes Drive, Keller, TX, 76248

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths3,201 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.49 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Range, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size12,001 sqft

Building Information

Year Built1997
Stories2
Garage Spaces3

Land Information

APN14218D-2-7
Lot Number7
SubdivisionForest Lakes Estates Addition
Land UseResidential
Legal DescriptionFOREST LAKES ESTATES ADDITION BLOCK 2 LOT 7
Census Tract113816
Assessed Land Value$117,088
Assessed Improvement Value$399,020
Assessment Year2025

About this property

Welcome home to this 3 bedroom, 3 bath, charming painted brick two-story nestled in a well-established Keller neighborhood known for its mature trees, inviting streets, and strong sense of community. From the moment you arrive, the beautifully landscaped front yard and exceptional curb appeal create a welcoming first impression. Inside, fresh white walls and abundant natural light provide a bright, airy backdrop that complements any design style. The thoughtfully designed floor plan offers exceptional flexibility with a private study, three spacious living areas, and room for everyone to spread out and enjoy. The main-level primary suite serves as a peaceful retreat and features a beautifully remodeled spa-inspired bath. Upstairs, you'll find two secondary bedrooms and an oversized game room, creating the perfect space for movie nights, hobbies, play, or entertaining guests. The heart of the home flows effortlessly into the private backyard, offering a serene setting for relaxing evenings, outdoor dining, or weekend gatherings, and a dip in your pool! Combining timeless charm, modern updates, multiple living spaces, and an outstanding Keller location, this home has so much to offer, in the heart of everything.

Investor Tools

$553,780Estimated Mortgage Balance
$113,220Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,350 /month
Positive
Cash Flow Estimate:
$1,450 /month

Interested in this property?

Patty Sheets

Coldwell Banker Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,067/month
$459/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,474
$516,108
2025
$117,088
$399,020
$516,108
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,474
$516,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$599,688
No
First
May 9, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$553,780
$113,220
16%
83%
$3,596/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,110/mo
$4,055/mo
$-945/mo
5.6%

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: Keller

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824 Forest Lakes Drive | Property Details | No Agent List