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$475,000

1015 Merribrook Ln, Allen, TX, 75002

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,567 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.04 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size8,747 sqft

Building Information

Year Built1989
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR-1807-002-0250-1
Lot Number25
SubdivisionFountain Park Seventh Section (Cal)
Land UseResidential
Legal DescriptionFOUNTAIN PARK SEVENTH SECTION (CAL), BLK B, LOT 25
Census Tract031504
Assessed Land Value$120,000
Assessed Improvement Value$334,778
Assessment Year2025

About this property

Spacious Family Home with Resort-Style Backyard in the Heart of Allen. Welcome to 1015 Merribrook Lane! This beautifully maintained 4 bedroom, 3.5 bath home centers you in one of Allen’s most peaceful and established neighborhoods, featuring space, comfort, and the activities you want. The functional layout provides multiple living areas, generous bedroom sizes, and multiple flexible spaces. The backyard is a true retreat with a sparkling pool, attached spa, firepit, and a covered outdoor entertainment area perfect for beat-the-heat enjoyment. Inside, you’ll find a thoughtful floor plan with multiple living areas, a large kitchen, a sunroom overlooking the pool and a well-placed office space with good storage and French doors. With four well-sized bedrooms and three full baths, everyone gets the privacy and comfort they need. Located within the highly desirable Allen school district, this home supports busy family routines and gives you short commutes to great entertainment, parks and walking trails. This quiet neighborhood offers a strong community feel while remaining close to shopping, dining, and major corridors.

Investor Tools

$143,200Estimated Mortgage Balance
$346,800Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

Interested in this property?

Bobby Fletcher

Kennerly Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$757/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$454,778
2025
$120,000
$334,778
$454,778
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$454,778

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Federally Chartered Savings Bank
Va
$205,000
Yes
First
May 9, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$143,200
$346,800
70%
29%
$0/mo

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: Allen

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