Seller's Agent in 2024
Susan Larrabee
Berkshire HathawayHS PenFed TX
(817) 846-9778
11 in this area
88 Total Sales
850 Lake Wood Dr Southlake, TX 76092
Estimated Value: $1,318,948 - $1,393,000
4
Beds
3
Baths
3,633
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Electric Gate
- 1.07 Acre Lot
- Walnut Grove Elementary School Rated A+
- Built-In Refrigerator
- Open Floorplan
About This Home
As of April 2024While this stunning residence has been impeccably updated, there remains boundless potential for the discerning buyer to elevate it to new heights of luxury and sophistication. This home embodies the epitome of opportunity, a rare chance to acquire a meticulously updated residence with equity building potential on a sprawling one acre lot. This is an opportunity not to be missed! So many updates already completed, full interior paint, exterior paint, new carpet, hardwoods freshly scraped and re-stained with a natural finish and more! Lakewood Addition offers a neighborhood of one acre homesites providing spaciousness and privacy, but close to HWY 114 and walking distance to Southlake Town Square. This is a rare opportunity as homes do not often become available in this beautiful, quiet, neighborhood. Living in LakeWood offers a harmonious blend of natural beauty, accessibility to shopping, schools and convenience!
Last Agent to Sell the Property
Berkshire HathawayHS PenFed TX Brokerage Phone: 817-846-9778 License #0505941 Listed on: 03/03/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,216
Year Built
- Built in 1983
Lot Details
- 1.07 Acre Lot
- Gated Home
- Wrought Iron Fence
- Property is Fully Fenced
- Wood Fence
- Perimeter Fence
- Water-Smart Landscaping
- Sprinkler System
- Many Trees
- Private Yard
- Lawn
- Back Yard
Parking
- 3 Car Garage
- Front Facing Garage
- Side by Side Parking
- Multiple Garage Doors
- Garage Door Opener
- Circular Driveway
- Electric Gate
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,633 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wet Bar
- Home Theater Equipment
- Wired For Sound
- Built-In Features
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Chandelier
- Decorative Lighting
- Wood Burning Fireplace
- Gas Log Fireplace
- Fireplace Features Masonry
- ENERGY STAR Qualified Windows
- Window Treatments
- Bay Window
- Family Room with Fireplace
- 2 Fireplaces
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Double Oven
- Built-In Gas Range
- Microwave
- Built-In Refrigerator
- Ice Maker
- Dishwasher
- Wine Cooler
- Kitchen Island
- Granite Countertops
- Trash Compactor
- Disposal
Flooring
- Wood
- Carpet
- Slate Flooring
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- 3 Full Bathrooms
- Double Vanity
Laundry
- Laundry in Utility Room
- Washer and Gas Dryer Hookup
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Insulation
Pool
- In Ground Pool
- Gunite Pool
- Pool Sweep
- Diving Board
Outdoor Features
- Deck
- Covered Patio or Porch
- Exterior Lighting
- Rain Gutters
Schools
- Johnson Elementary School
- Carroll High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Underground Utilities
- High Speed Internet
- Satellite Dish
- Cable TV Available
Community Details
- Lakewood Acres #1 Add Southlk Subdivision
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 01568930
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2024
Closed on
Apr 26, 2024
Sold by
Louviere Alice J and Tapp James
Bought by
Thornton Lisa and Thornton Tim
Seller's Agent
Susan Larrabee
Berkshire HathawayHS PenFed TX
Buyer's Agent
Rick Johnson
Monument Realty
List Price
$1,350,000
Views
64
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.63%
Original Mortgage
$1,028,000
Outstanding Balance
$1,013,197
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$350,290
Purchase Details
Closed on
Dec 10, 2003
Sold by
Tapp Peggy Ann
Bought by
Tapp James Monroe
Purchase Details
Closed on
May 28, 2003
Sold by
Denton Jerry R and Denton Patricia G
Bought by
Tapp James and Louviere Alice J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 25, 1996
Sold by
Nelson Gerald R and Nelson Cynthia Dianne
Bought by
Denton Jerry R and Denton Patricia G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thornton Lisa | -- | Members Title Llc | |
| Tapp James Monroe | -- | -- | |
| Tapp James | -- | Chicago Title | |
| Denton Jerry R | -- | Rattikin Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thornton Lisa | $1,028,000 | |
| Previous Owner | Tapp James | $322,700 | |
| Closed | Denton Jerry R | $0 | |
| Closed | Tapp James | $21,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2024 04/26/24 | Sold | -- | -- | -- |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 03/25/2024 03/25/24 | For Sale | $1,350,000 | 0.0% | $372 / Sq Ft |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 03/08/2024 03/08/24 | For Sale | $1,350,000 | -- | $372 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
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 | $9,685 | $1,130,559 | $546,000 | $584,559 |
| 2024 | $9,685 | $1,130,559 | $546,000 | $584,559 |
| 2023 | $14,216 | $1,294,540 | $546,000 | $748,540 |
| 2022 | $15,297 | $983,490 | $392,500 | $590,990 |
| 2021 | $14,697 | $644,586 | $392,500 | $252,086 |
| 2020 | $14,224 | $618,829 | $464,000 | $154,829 |
| 2019 | $13,692 | $644,093 | $464,000 | $180,093 |
| 2018 | $11,643 | $514,032 | $464,000 | $50,032 |
| 2017 | $11,583 | $569,962 | $264,000 | $305,962 |
| 2016 | $10,530 | $527,366 | $264,500 | $262,866 |
| 2015 | $9,280 | $386,200 | $50,000 | $336,200 |
| 2014 | $9,280 | $386,200 | $50,000 | $336,200 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Larrabee
-
Rick Johnson
Buyer's Agent in 2024
Rick Johnson
Monument Realty
(214) 883-3807
1 in this area
27 Total Sales
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20550582
APN: 01568930
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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