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$600,000

1051 Margo Dr, Allen, TX, 75013

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,656 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.9 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2019
Stories2
Garage Spaces2

Land Information

APNR-11010-00E-0290-1
Lot Number29
SubdivisionVillage At Twin Creeks Phase Two (Cal)
Land UseResidential
Legal DescriptionVILLAGE AT TWIN CREEKS PHASE TWO (CAL), BLK E, LOT 29
Census Tract031507
Assessed Land Value$160,000
Assessed Improvement Value$480,989
Assessment Year2025

About this property

Welcome to this stunning soft contemporary home in the heart of Allen, offering 4 bedrooms, 3.5 baths, and an exceptional open-concept design. Wonderful curb appeal welcomes you with a charming covered front porch, beautiful stone accents, and inviting architectural details. Inside, warm hardwood floors flow throughout the main level, creating an elegant backdrop for everyday living. The spacious living, dining, and kitchen areas are filled with natural light from a dramatic wall of windows and enhanced by soaring ceilings, making this home perfect for both entertaining and daily life. The chef's kitchen features crisp white cabinetry, quartz countertops, a gas cooktop, expansive counter space, a large center island with breakfast bar seating, and two pantries for abundant storage. The adjoining dining area offers a charming window seat and overlooks the low-maintenance backyard, complete with turf and a cozy outdoor entertaining space. The private first-floor primary suite is a relaxing retreat with a tray ceiling, hardwood floors, and a luxurious ensuite bath featuring dual vanities, a soaking tub, separate shower, and a spacious walk-in closet. Upstairs, you'll find a generous loft that provides flexible living space for a game room, media room, or second living area, along with three additional bedrooms and two full baths. One bedroom showcases a stylish natural shiplap accent wall, while a convenient study alcove offers the perfect space for working from home or homework. Ideally located just a short walk from the neighborhood amenities, residents enjoy easy access to the community pool, beautifully appointed clubhouse, and fully equipped fitness center. Combining modern style, thoughtful design, and an unbeatable Allen location, this exceptional home is ready to impress.

Investor Tools

Property Icon
$640,989
Estimated Property Value
$374,790Estimated Mortgage Balance
$315,613Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,846 /month
Positive
Cash Flow Estimate:
$1,282 /month

Interested in this property?

Sandra Burrus

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$948/month
$575/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,167
$640,989
2025
$160,000
$480,989
$640,989
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,167
$640,989

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M/I Financial Llc
Conventional
$374,790
No
First
Nov 4, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,778
$314,211
49%
51%
$2,248/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,140/mo
$2,823/mo
+$317/mo
5.9%

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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