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$423,000

NAL Estimated Property Value

1001 Summit Dr, Justin, TX, 76247

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,542 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.65 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal
FlooringCarpet, Ceramic Tile

Exterior

Lot Size12,066 sqft

Building Information

Year Built1998
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR193427
SubdivisionRidgeview Estates Subd
Land UseResidential
Legal DescriptionRIDGEVIEW ESTATES SUBD BLK 7 LOT 6 ACRES 0.277
Census Tract020313
Assessed Land Value$84,462
Assessed Improvement Value$302,577
Assessment Year2025

About this property

Kitchen has lots of counter-space and cabinets. Opens to Main Living Room with Fireplace. 2 More Separate Areas Downstairs- Dining Room, Formal Living, Study, Office or Crafting Room! Corner Lot! Large bedrooms upstairs. Optimum tenant will have 600+ credit, tenants will have a minimum of 2-years at same location, same job industry for 2+ years. Please submit TAR App. $40 fee per application will be paid online after application review.

Investor Tools

Property Icon
$423,000
Estimated Property Value
$101,845Estimated Mortgage Balance
$321,155Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,538 /month
Positive
Cash Flow Estimate:
$846 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$786/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,316
$387,039
2025
$84,462
$302,577
$387,039
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,316
$387,039

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$113,264
No
First
Feb 27, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$101,845
$321,155
75%
24%
$680/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,120/mo
$680/mo
+$2,440/mo
8.9%

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: Justin

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1001 Summit Dr | Property Details | No Agent List