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$1,390,000

1242 Monica Dr, Allen, TX, 75013

$1,590,559 ARVInfo
Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths5,756 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$241.49 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Double Oven, Plumbed For Ice Maker, Vented Exhaust Fan, Wine Cooler
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Fire Pit, Lighting, Private Yard

Building Information

Year Built2009
Stories2
Garage Spaces4

Land Information

APNR-8883-00A-0180-1
Lot Number18
SubdivisionMeadow At Montgomery Farm The (Cal)
Land UseResidential
Legal DescriptionMEADOW AT MONTGOMERY FARM THE (CAL), BLK A, LOT 18
Census Tract031510
Assessed Land Value$357,500
Assessed Improvement Value$1,074,720
Assessment Year2025

About this property

Welcome inside this beautiful custom home in coveted Montgomery Farms that is situated on a quiet street and backing up to a Nature Reserve. Enjoy al fresco dining under a covered patio, an outdoor kitchen with three sitting areas, fireplace and fire pit; a BBQr's paradise! This meticulously maintained home has a newly renovated kitchen which includes high-end Wolf-Sub-Zero stainless steel appliances, two new Bosch dishwashers, built-in wine cooler, butler’s pantry, wet bar and gorgeous Calacutta Quartzite countertops. Hardwoods and Italian travertine flooring throughout much of first floor. Flowing layout of multiple living areas including a private study-office. Updated lighting throughout home. Two primary bedrooms downstairs. One primary bedroom's en suite bath is an oasis of luxury with marble, an inviting shower and bonus exercise room. The second level boasts a media room, three additional large bedrooms & an upper balcony. Make your dreams come true and move in right away!

Investor Tools

Property Icon
$1,432,220
Estimated Property Value
$1,000,000Estimated Mortgage Balance
$500,378Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,590,559
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,593 /month
Positive
Cash Flow Estimate:
$2,864 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,672/month
$1,625/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,899
$1,432,220
2025
$357,500
$1,074,720
$1,432,220
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,899
$1,432,220

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$1,000,000
No
First
Sep 26, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$931,842
$500,378
34%
65%
$5,996/mo

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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1242 Monica Dr | Property Details | No Agent List