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Owner Contacts

$419,000

1003 Morningside Lane, Allen, TX, 75002

Off Market

3 Beds

2 Bath

1,753 Sq Ft

Single Family Residence

$239.02 / sqft

Built in 1993

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage, Uncovered Courtyard

Building Information

Year Built1993

Stories1

Roof Type105

Garage Spaces2

Land Information

APNR-2824-00I-0450-1

Lot Number45

SubdivisionCountry Meadow Phase 3 (Cal)

Land UseResidential

Legal DescriptionCOUNTRY MEADOW PHASE 3 (CAL), BLK I, LOT 45

Census Tract031504

Assessed Land Value$115,000

Assessed Improvement Value$266,608

Assessment Year2025

About this property

~What a sweet place!~ Remarkable opportunity for a beautifully updated home in awesome east Allen location at a phenomenal price! It shows more like a newbuild than a pre-owned home! Delightful drive-up to attractive landscaping w Bradford Pear Tree, Hollies, Crepe Myrtles, transom window and freshly painted front door with new hardware. Updates & LOVE galore, where attractive luxury vinyl flooring, o-sized b-boards, designer-select paints, updated hardware & fixtures abound! Quartz tops, cbnt pulls, new SS appls, subway tile b-splash, canned LED selectable lighting, day desk, breakfast bar, gas logs, jacuzzi tub & sep shower, bonus garage space & MORE! Magical backyard w bird bath & house, meandering courtyard, centerpiece flowerbed & Pecan Tree, and storage shed. Short stroll to Country Meadows Pk & nearby Anderson Elem, Curtis MS, Allen HS, Village @ Allen, Fairview Town Ctr & Allen’s CELEBRATION PARK - 100 acres of FUN & home to the best July 4th fireworks in the METRO! MUST SEE!!!

Investor Tools

$390,000

Estimated Property Value

$0Estimated Mortgage Balance

$5,265Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,514 /month

Positive

Cash Flow Estimate:

$838 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$656/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,925

$381,608

2025

$115,000

$266,608

$381,608

Tax History

Year

Tax Paid

Assessed Value

2024

$5,925

$381,608

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Highlands Residential Mortgage Ltd

Fha

$411,410

Yes

First

Nov 21, 2022

Dec 2042

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$384,735

$5,265

99%

$2,467/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,570/mo

$2,467/mo

+$103/mo

7.9%

Learn About the Market: Opportunity in Texas

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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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