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$600,000

1107 Springfield Lane, Allen, TX, 75002

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,831 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.94 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

High EquityMove-In Ready

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, Electric Water Heater, Microwave
FlooringWood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1993
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-1807-004-0190-1
Lot Number19
SubdivisionFountain Park Seventh Section (Cal)
Land UseResidential
Legal DescriptionFOUNTAIN PARK SEVENTH SECTION (CAL), BLK D, LOT 19
Census Tract031504
Assessed Land Value$120,000
Assessed Improvement Value$404,173
Assessment Year2025

About this property

Located in the heart of Allen within highly acclaimed Allen ISD, this extensively updated home combines a prime location with a thoughtfully designed floor plan. Just minutes from premier shopping, dining, parks, and major commuter routes, the home offers two bedrooms on the main level, a dedicated office, multiple living spaces, and modern updates throughout. From the moment you step inside, a dramatic two-story foyer, sweeping staircase with custom iron balusters, soaring ceilings, and hardwood floors create an impressive first impression. Natural light fills the home, highlighting the updated finishes and inviting living spaces throughout. Designed for both entertaining and everyday living, the open-concept floor plan centers around a striking floor-to-ceiling fireplace and flows seamlessly into the renovated kitchen. Featuring a spacious island, abundant cabinetry, stylish finishes, and ample workspace, the kitchen serves as the heart of the home while connecting effortlessly to the main living and dining areas. The thoughtfully designed layout includes two bedrooms on the main level, providing flexibility for guests, multigenerational living, or a private secondary suite. The primary retreat offers a beautifully remodeled spa-inspired bath complete with a freestanding soaking tub, oversized frameless glass shower, dual vanities, illuminated mirrors, and elegant finishes. A private office and additional living area provide flexible spaces for working from home, a playroom, or a second lounge. Upstairs, spacious secondary bedrooms and a versatile gathering space offers room for everyone to enjoy. Combining extensive updates, a highly functional floor plan, and an unbeatable Allen location, this move-in-ready home offers comfort, convenience, and flexibility.

Investor Tools

$500,751Estimated Mortgage Balance
$48,249Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Heather Stevens

The Agency Frisco

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,565
$524,173
2025
$120,000
$404,173
$524,173
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,565
$524,173

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$517,750
No
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$500,751
$48,249
8%
91%
$3,105/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$3,105/mo
+$245/mo
7.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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1107 Springfield Lane | Property Details | No Agent List