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$453,939

NAL Estimated Property Value

1001 Lake Summit Drive, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,709 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.28 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters
Lot Size6,900 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR714218
Lot Number24
SubdivisionPaloma Creek Lakeview Phase 2-D2
Land UseResidential
Legal DescriptionPALOMA CREEK LAKEVIEW PHASE 2-D2 BLK Y LOT 24
Census Tract020136
Assessed Land Value$95,063
Assessed Improvement Value$358,876
Assessment Year2025

About this property

You'll love this home in Paloma Creek! The kitchen in this home is fit for a chef - there is a large island and plenty of cabinet and counter space. It features four bedrooms with the master downstairs, and two living areas - one upstairs and one downstairs. Front office space on the first floor, separate from the rest of the house, is a great place to work from home. All rooms are generously sized. Outside you'll find a covered patio and large yard for entertaining (open patio space is level and large enough for a hot tub). This neighborhood has over 1300 acres of greenbelts and parks, four pools, children's pools, clubhouses, a dog park, and a nearby boat ramp. Be sure to check out the virtual tour!

Investor Tools

Property Icon
$453,939
Estimated Property Value
$278,079Estimated Mortgage Balance
$175,860Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,724 /month
Positive
Cash Flow Estimate:
$908 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$918/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,752
$453,939
2025
$95,063
$358,876
$453,939
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,752
$453,939

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Va
$313,000
Yes
First
Aug 25, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,079
$175,860
38%
61%
$1,877/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$2,062/mo
+$1,688/mo
9.9%

Learn About the Market: Opportunity in Texas

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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.

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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: Little Elm

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1001 Lake Summit Drive | Property Details | No Agent List