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$329,900

1200 Wheatear Dr, Little Elm, TX, 75068

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,843 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size5,502 sqft

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR531301
Lot Number19
SubdivisionPaloma Creek South Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 2 BLK BB LOT 19
Census Tract020136
Assessed Land Value$99,000
Assessed Improvement Value$275,807
Assessment Year2025

About this property

Welcome to your thoughtfully designed single-story home in Paloma Creek South where an open layout, flexible spaces, and direct trail access come together. This traditional brick home offers a dedicated office, spacious living and dining areas, and a kitchen designed for both everyday living and entertaining.                                                                                                                                                                                                                            The kitchen features granite countertops, a center island, pantry, eat-in area, dishwasher, disposal, microwave, and plumbing for gas. Natural light and ceiling fans add comfort to the main living spaces, while the full-size laundry room keeps household tasks organized.                                                                                                                                                                                                                            The primary suite is a private retreat with a generous bedroom, walk-in closet, and ensuite bath featuring dual vanities, a soaking tub, and separate shower. Two additional bedrooms and a full bath are arranged for privacy, while the dedicated office provides flexibility for work, study, or hobbies.                                                                                                                                                                                                                            Outside, enjoy a covered patio, rain gutters, sprinkler system, and fenced wood yard with a private gate leading directly to the walking trails behind the property. Paloma Creek South offers a welcoming neighborhood setting with pools, parks, and walking trails, while Little Elm Towne Crossing, dining, shopping, and Lewisville Lake are nearby. A well-planned home with standout outdoor access and the everyday conveniences buyers are looking for.

Investor Tools

$151,620Estimated Mortgage Balance
$216,306Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,200 /month
Positive
Cash Flow Estimate:
$733 /month

Interested in this property?

Drew Burgess

Keller Williams Realty DPR

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$598/month
$408/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,344
$366,689
2025
$99,000
$275,807
$374,807
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,344
$366,689

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Money Source Inc
Fha
$191,928
Yes
First
Jun 24, 2016
Jul 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,620
$215,069
58%
41%
$1,151/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,559/mo
+$1,311/mo
9.4%

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: Little Elm

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1200 Wheatear Dr | Property Details | No Agent List