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$400,000

853 Spring Lake Dr, Bedford, TX, 76021

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,786 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.96 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher

Exterior

Private PoolPrivate Pool
Lot Size10,559 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN40000-5-24
Lot Number24
SubdivisionSpring Valley Est Addn (Bedfrd
Land UseResidential
Legal DescriptionSPRING VALLEY EST ADDN (BEDFRD BLOCK 5 LOT 24
Census Tract113626
Assessed Land Value$75,000
Assessed Improvement Value$135,836
Assessment Year2025

About this property

Owner occupied and loved since 2013, the custom layout features 3 bedrooms, 2 baths, and a 2-car garage on a corner lot. Come see why solar panels (2014), a saltwater pool, a Daikin HVAC system (2020) maintained with service plan, and a new roof (2024) this is THE home you've been waiting for! Enjoy natural light, bright and upbeat wall colors, a remarkable amount of storage, and a cast iron-to-PVC drainage pipe replacement (2025). Additional updates include window replacements (2014 & 2017). An existing survey, permit history, and appraiser square-footage drawing are all available for review. The seller has also prepared an update timeline and a list of 32 anticipated questions and answers about the solar panels. The panels are currently leased and maintained by Spruce Power; however, other options are available for the buyer including pre-pay, buy out, or assuming low monthly payments. There are benefits with each option depending on the buyer's personal goals.

Investor Tools

$116,870Estimated Mortgage Balance
$283,130Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,610
$210,836
2025
$75,000
$135,836
$210,836
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,610
$210,836

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$127,500
No
First
Jan 5, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,870
$283,130
70%
29%
$765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,120/mo
$765/mo
+$1,355/mo
6.4%

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: Bedford

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853 Spring Lake Dr | Property Details | No Agent List