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General Description
minimizeWhile 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!
Rooms/Lot Dimensions
Interior Features
Exterior Features
Additional Information
Source
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $356.33 | $1,294,540 | 31.63% | $779,950 | 10.00% |
| 2022 | $270.71 | $983,490 | 52.58% | $709,045 | 10.00% |
| 2021 | $177.43 | $644,586 | 4.16% | $644,586 | 4.16% |
| 2020 | $170.34 | $618,829 | -3.92% | $618,829 | 9.44% |
| 2019 | $177.29 | $644,093 | 8.54% | $565,435 | 10.00% |
| 2018 | $163.34 | $593,417 | 4.12% | $514,032 | 10.00% |
| 2017 | $156.88 | $569,962 | 47.58% | $467,302 | 21.00% |
| 2016 | $106.30 | $386,200 | 0.00% | $386,200 | 0.00% |
| 2015 | $106.30 | $386,200 | 0.00% | $386,200 | 0.00% |
| 2014 | $106.30 | $386,200 | 0.00% | $386,200 | 0.00% |
| 2013 | $106.30 | $386,200 | 1.07% | $386,200 | 1.07% |
| 2012 | $105.17 | $382,100 | $382,100 |
2023 Tarrant County Appraisal District Tax Value
| Market Land Value: | $546,000 |
| Market Improvement Value: | $748,540 |
| Total Market Value: | $1,294,540 |
2023 Tax Rates
| TARRANT COUNTY: | 0.1945 % |
| CITY OF SOUTHLAKE: | 0.3190 % |
| ISD - CARROLL: | 1.0025 % |
| TARRANT COUNTY HOSP DIST: | 0.1945 % |
| TARRANT COUNTY COLLEGE DIST: | 0.1122 % |
| Total Tax Rate: | 1.8227 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 5,156 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 1,185 |
| Home Owners Insurance | Get a Quote |
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Excellent | 
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Property Map
minimize850 Lake Wood Dr Southlake TX 76092 was recently sold. It is a 1.07 Acre(s) Lot, 3,633 SQFT, 4 Beds, 3 Full Bath(s) in Lakewood Acres #1 Add Southlk.
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