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$995,000

1029 Billy Lane, Allen, TX, 75013

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths5 Bath
Baths3,640 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$273.35 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,882 sqft

Building Information

Year Built2019
Stories2
Garage Spaces3

Land Information

APNR-11560-00R-0100-1
Lot Number10
SubdivisionMontgomery Ridge Phase Iib (Cal)
Land UseResidential
Legal DescriptionMONTGOMERY RIDGE PHASE IIB (CAL), BLK R, LOT 10
Census Tract031510
Assessed Land Value$220,800
Assessed Improvement Value$622,143
Assessment Year2025

About this property

This spectacular home in Allen ISD offers an unbeatable location with quick access to Hwy 75. It is within walking distance of Watters Creek Village, and just minutes from Legacy West, providing exceptional shopping, dining, and entertainment. Yet, the backyard overlooks a treed greenbelt, creating beautiful views from the covered patio. The front of the home also faces green space across the street. Meticulously maintained, the home is move-in ready. The spacious floor plan features generously sized rooms and an exceptional layout for both everyday living and entertaining. The expansive living, dining, and kitchen areas create a remarkable space with a cathedral ceiling and abundant windows that fill the home with natural light. The kitchen offers lots of cabinet and counter space, plus an impressive 11.5-foot island with bar seating. An office with French doors is located off the main living area. Upstairs are a media room and a large flex room that is ideal as a 2nd living area, game room, or playroom. All bedrooms are on the first floor, with the primary suite separated from the other three bedrooms. The primary bedroom features a cathedral ceiling and adjoins a spacious bath and walk-in closet. One secondary bedroom has an ensuite bath, and the other two share a Jack-and-Jill bath. Additional features include wood flooring in the main living areas and primary bedroom, crown molding, 5-inch baseboards, 8-foot doors, electric shades in the living room, plantation shutters throughout the remainder of the home, an EV charging outlet in the garage, smart light switches, and professional studio-quality speakers for the living room, media room, and covered patio. An upgraded laundry room offers built-in cabinets, a sink, countertop space, and tile backsplash The large garage has room to park 3 vehicles, or if used for just 2 autos, the tandem space can be a fantastic workshop area. Refrigerator, washer, and dryer may convey with an acceptable offer.

Investor Tools

Property Icon
$842,943
Estimated Property Value
$0Estimated Mortgage Balance
$210,109Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

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Steve Atkinson

Dave Perry Miller Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,592/month
$285/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,885
$842,943
2025
$220,800
$622,143
$842,943
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,885
$842,943

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$354,000
No
First
Feb 22, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$632,834
$210,109
24%
75%
$4,246/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,140/mo
$4,531/mo
$-1,391/mo
4.5%

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.

Explore Texas Explore This Area
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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