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$372,419

NAL Estimated Property Value

1016 Lake Sierra Way, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,809 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.69 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size5,955 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR714169
Lot Number45
SubdivisionPaloma Creek Lakeview Phase 2-D2
Land UseResidential
Legal DescriptionPALOMA CREEK LAKEVIEW PHASE 2-D2 BLK U LOT 45
Census Tract020136
Assessed Land Value$89,310
Assessed Improvement Value$283,109
Assessment Year2025

About this property

Experience an elevated lifestyle in Paloma Creek, one of the most amenity-rich communities near Lake Lewisville. Designed for those who value both activity and relaxation, residents enjoy access to four resort-style pools, two 24-hour fitness centers, three clubhouses, a dog park, and an array of parks and playgrounds. Miles of scenic hiking and biking trails weave through picturesque greenbelts, creating a seamless connection to the outdoors just steps from your front door. This thoughtfully designed home with 3 bedrooms and 2 full baths features an open-concept floor plan ideal for modern living, blending comfort with tasteful upgrades throughout. The chef’s kitchen includes stainless steel appliances, an oversized walk-in pantry, and a large island that flows seamlessly into the living area with a cozy fireplace. The primary suite offers an ensuite bath and a spacious walk-in closet. Professional landscaping provides great curb appeal upon arrival. Beyond the home itself, Paloma Creek fosters a true sense of community with a vibrant calendar of events, including social clubs, fitness groups, and seasonal celebrations. Zoned to the highly regarded Little Elm ISD and located just minutes from the dining, recreation, and waterfront attractions of Lake Lewisville, this property also offers exceptional convenience. Enjoy easy access to the growing retail and dining corridor along US 380, including Kroger Marketplace, Sprouts, Aldi, and the upcoming Target, as well as the PGA district for premier golfing and fine dining. Additionally, the home is just a short drive to Frisco, providing even more shopping, dining, and entertainment options. This property presents an exceptional opportunity to enjoy a well-rounded lifestyle in a premier North Texas location.

Investor Tools

Property Icon
$372,419
Estimated Property Value
$262,241Estimated Mortgage Balance
$110,178Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,235 /month
Positive
Cash Flow Estimate:
$745 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
$280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,449
$372,419
2025
$89,310
$283,109
$372,419
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,449
$372,419

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Planet Home Lending Llc
Conventional
$286,630
No
First
Nov 5, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$262,241
$110,178
29%
70%
$1,719/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,999/mo
+$871/mo
9.2%

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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1016 Lake Sierra Way | Property Details | No Agent List