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5842 Lake Point Dr, Arlington, TX, 76016

$250,000

Home List Price

$2,969*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,498 SqFt
$167/SqFt
Condo

Location

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5842 Lake Point Dr, Arlington$250,000

Buyer Closing Credits

$2,969*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage Faces Front, Garage, Garage Door Opener
Attached Garage2 spaces
Year Built1985
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
FireplaceLiving Room, Masonry
MLS #20778671
Lot Size0.10 Acres
StatusActive

About 5842 Lake Point Dr

Beautifully updated move-in-ready 1,498 SF condo is in Arlington's Waterwood Village, just minutes from Lake Arlington, and is in the Martin High School area of AISD! Inside, an open, flowing floor plan greets you with a spacious two-story living room with a warm brick fireplace and a dining area with French doors that open out to the recently added private patio. The fantastic kitchen boasts a breakfast bar, new stainless steel appliances, and ample counter space. A half bathroom and a coat closet complete the main floor. Upstairs, a loft area with built-in cabinets, a nicely appointed secondary bedroom or office, a bathroom, and a utility closet. The peaceful primary suite hosts room for a sitting area, a balcony, and an ensuite with dual sinks, a walk-in shower, and expansive closet space. Relax on the open patio, or head out the back gate to the lake!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1985
  • Living Area: 1,498 SqFt

Listing Office:

  • Office Name: Allie Beth Allman & Associates
  • Office Phone: (817) 845-4266
  • Listing Agent: Brenda Adams

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Hardwood, Simulated Wood
  • Interior: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet, Loft, Open Floorplan, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
  • Fireplace: Living Room, Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Balcony, Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage Faces Front, Garage, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 5842 Lake Point Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot: Interior Lot, Subdivision
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From Pioneer Pkwy, south onto W Green Oaks Blvd, right onto Arkansas Ln, continue onto Perkins Rd, right onto Lake Point Dr, and home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $250,000
  • Price Per SqFt: $167/SqFt

HOA Fees:

  • Amount: $351
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,987
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Arlington, TX.

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Arlington, TX

City

Med. List Price

$338.6K

Med. Price/SqFt

$184

Avg. Days On Market

73

# of Sold Homes

192

5842 Lake Point Dr vs Arlington

32 DAYS ON ROCKET

-41 Days

$250,000

-$88.6K Less

$167/SqFt

-$17 Less

KEY TAKEAWAY

This property is $88.6K less than the Median List Price and $17/SqFt less than other homes in Arlington, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20778671

Listing Office:

  • Office Name: Allie Beth Allman & Associates
  • Office Phone: (817) 845-4266
  • Listing Agent: Brenda Adams

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/17/2024, 11:56:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,987$179,023
2019$3,761$159,282
2017$3,875$148,065

History based on county public records data.

Payment Calculator

$1,666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4287448
8
/10

  • Ditto Elementary School

  • 3001 Quail Ln

  • 0.89 miles

  • Public District Grades EE-6

school-card-donut-4287449
5
/10

  • Dunn Elementary School

  • 2201 Woodside Dr

  • 1.22 miles

  • Public District Grades EE-6

school-card-donut-4287450
7
/10

  • Little Elementary School

  • 3721 Little Rd

  • 1.68 miles

  • Public District Grades EE-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,736. The most common annual income of people living in Arlington, TX is between $35k-100k. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5842 Lake Point Dr

What is the listing price of this property?

The listing price of 5842 Lake Point Dr property is $250,000.

What type of property is this?

The property 5842 Lake Point Dr is a condo located in Arlington, Texas, 76016.

Is this property for sale now?

Active Listing: 5842 Lake Point Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,987 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5842 Lake Point Dr has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5842 Lake Point Dr is 1,498 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5842 Lake Point Dr is 1985.

Rocket Homes›Texas›Tarrant County›Arlington›76016›5842 Lake Point Dr

This home is located at 5842 Lake Point Dr in Arlington, TX and zip code 76016 in the Waterwood Village neighborhood. This 1,498 square foot home, which was built in 1985, sits on a 0.10 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $250,000.

In November 2024 in Arlington, TX there were 1.6% more homes for sale than in October 2024. In November 2024 median list price was $338,684 and the average listing age was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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