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Days22Days on Market
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$2,050

$2,150

1200 Mahogany Lane, Princeton, TX, 75407

On MarketInfo
LeaseInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,606 Sq Ft
price_per_sqft$1.28 / sqft
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Gas Cooktop, Gas Oven, Microwave
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size5,619 sqft

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12476-00O-0340-1
Lot Number34
SubdivisionArcadia Farms Phase 5 (Cpn)
Land UseResidential
Legal DescriptionARCADIA FARMS PHASE 5 (CPN), BLK O, LOT 34
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$213,252
Assessment Year2025

About this property

If you are looking for an affordable place to call home with easy access to the lake, nature and the amenities of the larger city of Mckinney, this is the perfect choice. Located in one of the fastest-growing small cities in North Texas, Princeton, this beautifully designed 2023-built home offers comfortable, stress-free living with a bright, open concept floor plan. As you step inside, you're welcomed by attractive vinyl luxury plank flooring that flows through the main living areas. The stylish kitchen is a chef's dream , featuring a large island, abundant cabinet space, a walk-in pantry, and modern appliances. The thoughtfully designed split-bedroom layout provides added privacy, with two secondary bedrooms and a full bathroom at the front of the home, while the spacious primary suite is tucked away at the back. Step outside to enjoy the covered patio-perfect for entertaining guests, hosting barbecues or simply relaxing with your favorite beverage after a long day. Don't miss this incredible opportunity. Schedule you private tour today!

Interested in this property?

Hermel Videna

Herald Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,343
$313,252
2025
$100,000
$213,252
$313,252
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,343
$313,252

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$244,000
No
First
Mar 29, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,984
$84,268
26%
73%
$1,463/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,463/mo
+$687/mo
8.2%

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.

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: Princeton

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1200 Mahogany Lane | Property Details | No Agent List