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$522,000

NAL Estimated Property Value

1240 Mcmahan Drive, Lewisville, TX, 75077

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.62 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size6,721 sqft

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR242097
Lot Number4
SubdivisionRidgeview Estates
Land UseResidential
Legal DescriptionRIDGEVIEW ESTATES BLK E LOT 4
Census Tract021715
Assessed Land Value$82,345
Assessed Improvement Value$398,904
Assessment Year2025

About this property

Charming 2-story with a beautiful divided staircase as you enter the home. This 4 BR 3.5 BT boasts a spacious 4000+ sqft. The home features formal living & dining spaces, providing an inviting space to entertain. The open kitchen seamlessly flows into the expansive family room and breakfast nook with an abundance of windows providing natural light throughout the house. Oversized master suite, which features a jet tub. Upstairs you'll find spacious J&J BR with bath accents; guest room with a private bath; media room that can easily be converted to another bedroom or a private study cove. 2nd floor is topped off with a beautiful open space for your creativity (upstairs den, library, game room,etc.)MUST SEE!

Investor Tools

Property Icon
$522,000
Estimated Property Value
$335,850Estimated Mortgage Balance
$186,150Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,132 /month
Positive
Cash Flow Estimate:
$1,044 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$830/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,347
$481,249
2025
$82,345
$398,904
$481,249
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,347
$481,249

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$378,026
No
First
Aug 27, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,850
$186,150
35%
64%
$2,267/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.

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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: Lewisville

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1240 Mcmahan Drive | Property Details | No Agent List