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$577,812

1230 Covina Ct, Allen, TX, 75013

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,878 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.13 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Ice Maker, Microwave, Convection Oven, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1995
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-3029-00L-0370-1
Lot Number37
SubdivisionWatters Crossing Ii (Cal)
Land UseResidential
Legal DescriptionWATTERS CROSSING II (CAL), BLK L, LOT 37
Census Tract031510
Assessed Land Value$160,000
Assessed Improvement Value$417,812
Assessment Year2025

About this property

Welcome to this meticulously maintained 4-bedroom home that perfectly blends comfort, function, and style. Nestled in Watters Crossing on a tree-lined cul de sac you'll enjoy all the amenities offered in the community. The home is beautifully designed with 2 bedrooms on the first level. The primary suite with wood floors and jetted tub, walk in shower. The guest bedroom with wood floors adjacent to full bath. Two additional bedrooms upstairs with separate vanities and Jack n Jill bath. This thoughtfully laid-out floor plan offers flexibility for your family and guests. Downstairs is a dedicated home office with French doors and natural light, facing the front yard. The spacious upstairs gameroom provides a fantastic secondary living area-ideal for game nights, movie marathons, or a peaceful retreat. Step into the inviting living room where a cozy fireplace and high ceiling create an open yet warm atmosphere. Natural light pours in, highlighting the elegant mix of wood, tile, and plush carpet flooring throughout the home. The kitchen is a standout feature, designed with the home chef in mind — complete with granite countertops, a breakfast bar perfect for casual dining or entertaining, electric cooktop-plumbed for gas, a functional island with power and double convection ovens. The adjacent breakfast area overlooks the lush, expansive backyard, making it easy to enjoy your morning coffee with a serene view. The backyard itself is a true gem-fully fenced and generously sized with a sprinkler system, offering plenty of space for outdoor gatherings, gardening, or play. Whether you're hosting a summer barbecue or just relaxing in your private outdoor oasis, this yard is ready to impress. This home is the perfect combination of cozy and spacious, offering all the features for today’s buyers. Don’t miss your opportunity to make this beautifully appointed home your own. Roof 2024, AC furnace 2023, Water heater 2021, Rachio programmable app for sprinkler 2025.

Investor Tools

Property Icon
$577,812
Estimated Property Value
$181,000Estimated Mortgage Balance
$410,975Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
$950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,819
$577,812
2025
$160,000
$417,812
$577,812
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,819
$577,812

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$181,000
No
First
Mar 23, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,837
$410,975
71%
29%
$1,086/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,140/mo
$2,036/mo
+$1,104/mo
6.5%

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: Allen

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1230 Covina Ct | Property Details | No Agent List