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$329,059

NAL Estimated Property Value

1016 STONE TRAIL Drive, Plano, TX, 75023

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,691 Sq Ft
price_per_sqft$195.15 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesStorage

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-0550-018-0050-1
Lot Number5
SubdivisionPark Forest Addition No 1 (Cpl)
Land UseResidential
Legal DescriptionPARK FOREST ADDITION NO 1 (CPL), BLK R, LOT 5
Census Tract031629
Assessed Land Value$85,000
Assessed Improvement Value$244,059
Assessment Year2025

About this property

Whether you're a first-time homebuyer, a growing family, or looking to downsize, this charming home at 1016 Stone Trail Drive provides the perfect blend of comfort, style, and location. This well-maintained property offers 3 generously sized bedrooms and 2 full baths, providing the perfect space for both relaxation and entertainment. The thoughtful design and updates throughout the home make it a must-see for anyone looking for a comfortable, move-in-ready home. Upon entering, you'll immediately notice the fresh, neutral paint that enhances the home's bright and airy feel. The open-concept living space is both welcoming and functional, with a spacious living room that serves as the heart of the home. New luxury vinyl plank flooring has been thoughtfully installed in the family room, offering a sleek, modern look that's not only stylish but also durable and easy to maintain. This upgrade ensures a high-quality living experience for years to come. The kitchen is well-equipped with ample cabinet space and modern finishes, offering plenty of room to cook. The bedrooms are generously sized, providing comfortable private spaces for rest and relaxation. The primary bedroom features a well-appointed walk-in closet, while the two additional bedrooms share a full bath. Outside, the home offers a lovely yard with ample space for outdoor activities, gardening, or simply unwinding after a busy day. A storage unit with electricity can also be found in the spacious back yard. The location is ideal, with easy access to local amenities, top-rated schools, parks, and major highways for a convenient commute. Don't miss out on the opportunity to make this beautiful home yours. Schedule a showing today and experience all that this wonderful property has to offer!

Investor Tools

Property Icon
$329,059
Estimated Property Value
$626,988Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$584/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,365
$329,059
2025
$85,000
$244,059
$329,059
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,365
$329,059

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vip Independent Mortgage Inc
Unknown
$319,113
No
First
May 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$626,988
N/A
0%
191%
$3,828/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: Plano

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1016 STONE TRAIL Drive | Property Details | No Agent List