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B+
NoAgentList RatingHow are grades calculated? Info

$399,000

1221 Middle Cove Dr, Plano, TX, 75023

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,052 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0553-015-0170-1
Lot Number17
SubdivisionPark Forest Addition No 4 (Cpl)
Land UseResidential
Legal DescriptionPARK FOREST ADDITION NO 4 (CPL), BLK 15, LOT 17
Census Tract031628
Assessed Land Value$85,000
Assessed Improvement Value$223,837
Assessment Year2025

About this property

This spacious corner-lot home features an open floorplan with two large living areas and vaulted ceilings in the formal living and dining rooms. The interior was freshly painted in neutral tones in June 2023 and has no carpet, making it ideal for allergy-sensitive buyers. Wide plank flooring runs throughout, with ceiling fans in all bedrooms and living spaces, plus recessed lighting in the kitchen and breakfast area. The kitchen offers abundant storage, natural wood cabinetry, and gas cooking, overlooking the second living area with a decorative gas fireplace. All bedrooms are generously sized, and the primary suite includes a walk-in closet. A covered, patio opens to a good-sized backyard, perfect for entertaining. Conveniently located near US-75, George Bush Turnpike, Collin College, shopping, and just 15 minutes from State Farm Cityline. Pets are considered on a case-by-case basis.

Investor Tools

Property Icon
$399,000
Estimated Property Value
$0Estimated Mortgage Balance
$399,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,345
$308,837
2025
$85,000
$223,837
$308,837
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,345
$308,837

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$399,000
100%
0%
$0/mo

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: Plano

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1221 Middle Cove Dr | Property Details | No Agent List