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$662,000

1 Cimarron Trl, Lucas, TX, 75002

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,403 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Ice Maker, Convection Oven, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Barrel/Cistern(s), Storage
Lot Size1.22 acres

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0246-000-0010-1
Lot Number1
SubdivisionKirkland Estates West (Clu)
Land UseResidential
Legal DescriptionKIRKLAND ESTATES WEST (CLU), LOT 1
Census Tract031326
Assessed Land Value$142,974
Assessed Improvement Value$494,450
Assessment Year2025

About this property

Beautifully updated home on a spacious 1.2 acre in PLANO ISD right off Newly widened E. Parker Rd.! 4 bedrooms (one may be used as 2nd Master or as additional Living), 2.5 bath and eat-in kitchen and Natural Stone counter tops. Updates include 750 ft. of New Asphalt drive, new fence, flooring, new paint, ss appl., lighting, Picture molding trims, and Fireplace in main living w vaulted ceilings in dining and kitchen, wet bar, and a Barn and a storage shed on property. See attached supplemental docs and survey as well. Buyer or Buyer's Agent to verify all schools, measurements and other info.

Investor Tools

Property Icon
$662,000
Estimated Property Value
$411,884Estimated Mortgage Balance
$290,912Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,972 /month
Positive
Cash Flow Estimate:
$1,324 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,089/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,761
$637,424
2025
$142,974
$494,450
$637,424
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,761
$637,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$411,884
Yes
First
Mar 3, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,088
$290,912
43%
56%
$2,470/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$2,470/mo
+$100/mo
4.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Lucas

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1 Cimarron Trl | Property Details | No Agent List