NOT LISTED FOR SALE

500 Cascade Springs Dr Southlake, TX 76092

Estimated Value: $2,616,000 - $2,708,000

5 Beds
6.5 Baths
5,965 Sq Ft
$448/Sq Ft Est. Value

Last Sold July 07, 2021

Current estimated payment $17,294/month

20 Days on Market

Highlights

  • Built-In Refrigerator
  • Community Lake
  • Wood Flooring
  • Old Union Elementary School Rated A+
  • Vaulted Ceiling
  • Outdoor Living Area

About This Home

As of July 2021

Spectacular Lombardi floorplan conveniently located in the heart of Southlake. Open floor plan with luxurious finishes including rich hardwood floors, transitional lighting, first-floor media, and 4 car garage. Gourmet kitchen with quartz countertops, extensive soft-close cabinetry, Wolf & Subzero appliances, and duel islands, perfect for entertaining. Lovely master retreat features his and hers vanities, a freestanding tub with a separate shower, and a spacious custom walk-in closet. The outdoor oasis features a picturesque yard with a large covered patio perfect for summer evenings with the family!

Last Agent to Sell the Property

Susan Mathews

Allie Beth Allman & Associates License #0604514 Listed on: 05/07/2021

Allie Beth Allman & Associates

Last Buyer's Agent

Zola Marzett

Zola Marzett Realtors and Associates License #0563144

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,326

Year Built

  • Built in 2020

Lot Details

  • 0.34 Acre Lot
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped
  • Interior Lot
  • Few Trees
  • Large Grassy Backyard

HOA Fees

  • $192 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Workshop in Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 5,965 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Wired For A Flat Screen TV
  • Vaulted Ceiling
  • Decorative Lighting
  • Decorative Fireplace
  • Gas Log Fireplace
  • Shades
  • Bay Window

Kitchen

  • Double Convection Oven
  • Electric Oven
  • Plumbed For Gas In Kitchen
  • Gas Cooktop
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Full Size Washer or Dryer
  • Washer and Electric Dryer Hookup

Home Security

  • Burglar Security System
  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Living Area
  • Exterior Lighting
  • Attached Grill
  • Rain Gutters

Schools

  • Oldunion Elementary School
  • Dawson Middle School
  • Carroll High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Individual Gas Meter
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 14 / 1
  • Assessor Parcel Number 41658795

Community Details

Overview

  • Terra Manna HOA Mgmt. Co HOA, Phone Number (817) 410-9201
  • Winding Creek Add Subdivision
  • Mandatory home owners association
  • Community Lake

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,326

Year Built

Built in 2020

Lot Details

0

HOA Fees

$192 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Security: Burglar, Fire Sprinkler System, Security Lights, Security Service, Security System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 310.14250
  • Special Features: None
  • Year Built: 2020

Interior Features

  • Square Footage: 5965.00
  • Windows: Bay Window(s), Electric Shades, Window Coverings
  • Fireplace Features: Decorative, Gas Logs, Gas Starter
  • Interior Amenities: Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Sound System Wiring, Vaulted Ceiling(s), Wet Bar
  • Flooring: Ceramic Tile, Other, Wood
  • Appliances: Built-in Refrigerator, Convection Oven, Dishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Plumbed For Gas in Kitchen, Refrigerator, Vented Exhaust Fan
  • Fireplaces: 1
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 2
  • Room Count: 18

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Lake
  • Fencing: Wrought Iron, Wood
  • Roof: Composition
  • Soil Type: Unknown
  • Construction Materials: Brick, Rock/Stone
  • Exterior Features: Attached Grill, Balcony, Covered Patio/Porch, Rain Gutters, Lighting, Outdoor Living Center
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Garage Spaces: 4
  • Total Covered Spaces: 4
  • Parking Features: 2-Car Double Doors, Garage Door Opener, Garage, Garage Faces Side, Workshop in Garage
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • LaundryFeatures: Electric Dryer Hookup, Full Size W/D Area, Washer Hookup
  • Utilities: City Sewer, City Water, Concrete, Curbs, Individual Gas Meter, Individual Water Meter, Sidewalk, Underground Utilities

Condo/Co-op/Association

  • Association Fee: 2300
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Terra Manna HOA Mgmt. Co
  • HOA Management Company: (817) 410-9201

Schools

  • School District: Carroll ISD
  • Elementary School: Oldunion
  • High School: Carroll

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Interior Lot, Landscaped, Lrg. Backyard Grass, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.3440
  • Parcel Number: 41658795
  • Lot Size Acres: 0.3440
  • Lot Size Sq Ft: 14984.6400

Green Features

  • Smart Home Features Appor Pass Y: Yes

Building Info

  • Year Built: 2020

Tax Info

  • TaxBlock: 1
  • Tax Lot: 14

MLS Schools

  • MiddleOrJuniorSchool: Dawson
  • Middle School Name: Dawson
  • Elementary School Name: Oldunion
  • High School Name: Carroll

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2022
Sold by
Opeyemi Falaki Akinjide and Victori Folake
Bought by
Falaki Living Trust
Current Estimated Value
$2,673,059

Purchase Details

Listed on
May 7, 2021
Closed on
Jul 7, 2021
Sold by
Clarida Brenda Ann and Clarida David Matthew
Bought by
Falaki Akinjide and Falaki Folake
Seller's Agent
Susan Mathews
Allie Beth Allman & Associates
Buyer's Agent
Zola Marzett
Zola Marzett Realtors and Associates
List Price
$1,850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$1,250,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2020
Sold by
Lennar Hm/Tx Sales & Marketing L
Bought by
Clarida Brenda Ann and Clarida Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,114,760
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Falaki Living Trust -- None Listed On Document
Falaki Living Trust -- None Listed On Document
Falaki Akinjide -- New Title Company Name
Clarida Brenda Ann -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Falaki Akinjide $1,250,000
Previous Owner Clarida Brenda Ann $1,114,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2021 07/07/21 Sold -- -- --
05/27/2021 05/27/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $1,850,000 -- $310 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,326 $2,584,878 $350,000 $2,234,878
2024 $36,326 $2,584,878 $350,000 $2,234,878
2023 $38,308 $2,126,161 $350,000 $1,776,161
2022 $41,221 $1,910,676 $300,000 $1,610,676
2021 $37,913 $1,662,854 $300,000 $1,362,854
2020 $4,827 $210,000 $210,000 $0
2019 $5,376 $222,000 $222,000 $0
2016 $1,834 $74,000 $74,000 $0
2015 $1,853 $74,000 $74,000 $0
2014 $1,853 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14571871

North Texas Real Estate Information Systems (NTREIS)

APN: 41658795