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B+
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$450,000

1218 Heritage Parkway S, Allen, TX, 75002

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,462 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.78 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-3096-00K-0320-1
Lot Number32
SubdivisionHeritage Park Phase 3a-2 (Cal)
Land UseResidential
Legal DescriptionHERITAGE PARK PHASE 3A-2 (CAL), BLK K, LOT 32
Census Tract031423
Assessed Land Value$126,500
Assessed Improvement Value$296,063
Assessment Year2025

About this property

Beautifully maintained home with hardwood flooring throughout the main living areas and a flexible layout designed for everyday living and entertaining. Just off the entry, enjoy a formal dining room and an oversized front flex space that works perfectly as a home office, second living area, playroom, or whatever fits your lifestyle. The inviting living room features a fireplace and opens to an updated kitchen complete with granite countertops, modern white cabinetry, subway tile backsplash, stainless steel appliances, and a breakfast bar. Upstairs, the spacious primary suite offers French door entry into the ensuite bath featuring dual sinks, a garden tub, separate shower, and a walk-in closet. Step outside to enjoy the backyard deck—ideal for outdoor dining, entertaining, or everyday use. A standout feature of this home is its location across from a jogging trail with a tree-lined backdrop, creating a more scenic view. Conveniently located with easy access to US-75 and just minutes from shopping, dining, and everyday conveniences.

Investor Tools

$354,572Estimated Mortgage Balance
$102,428Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,742 /month
Positive
Cash Flow Estimate:
$914 /month

Interested in this property?

Ryan Cave

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$851/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,929
$422,563
2025
$126,500
$296,063
$422,563
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,929
$422,563

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Park Lending Services Inc
Unknown
$386,100
No
First
Feb 1, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,572
$102,428
22%
78%
$2,315/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,315/mo
+$1,035/mo
8.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Allen

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1218 Heritage Parkway S | Property Details | No Agent List