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$617,527

NAL Estimated Property Value

1201 Terrace Mill Dr, Murphy, TX, 75094

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,673 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.99 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker, Refrigerator, Washer

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8101-00L-0050-1
Lot Number5
SubdivisionRolling Ridge Estates Phase 2 (Cmr)
Land UseResidential
Legal DescriptionROLLING RIDGE ESTATES PHASE 2 (CMR), BLK L, LOT 5
Census Tract031326
Assessed Land Value$195,000
Assessed Improvement Value$422,527
Assessment Year2025

About this property

Beautiful Grand Home with huge master, master bath & master walk-in closet down on the back of the house with amazing view of pool & yard. Open kitchen with updated appliances and granite countertops.Updated wood flooring throughout the first floor. The over-sized lot has plenty of backyard with pool. DO NOT MISS THE MASTER CLOSET! Open & spacious family room & kitchen has amazing views of the backyard & pool-spa. Formal dining & living in addition to the HUGE upstairs game room, 2 bedrooms up. 1 is big enough for a king bed! wrought-iron stair rails sink in utility. Walking distance to elementary school.Excellent Plano schools.

Investor Tools

Property Icon
$617,527
Estimated Property Value
$337,461Estimated Mortgage Balance
$280,066Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,705 /month
Positive
Cash Flow Estimate:
$1,235 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,083/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,910
$617,527
2025
$195,000
$422,527
$617,527
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,910
$617,527

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Credit Line (Revolving) / Heloc
$92,400
No
First
Mar 14, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$337,461
$280,066
45%
55%
$2,377/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,377/mo
+$583/mo
5.8%

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: Murphy

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1201 Terrace Mill Dr | Property Details | No Agent List