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$359,000

1317 Wheatear Dr, Little Elm, TX, 75068

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.91 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,649 sqft

Building Information

Year Built2008
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR531287
Lot Number5
SubdivisionPaloma Creek South Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 2 BLK BB LOT 5
Census Tract020136
Assessed Land Value$114,566
Assessed Improvement Value$291,870
Assessment Year2025

About this property

Welcome to 1317 Wheatear Drive, nestled on a quiet cul-de-sac in Paloma Creek! This spacious 2,288-square-foot home offers three bedrooms, two full baths, and two versatile living areas—providing plenty of room to relax, entertain, or create a home office or game room. The inviting main living area features a cozy fireplace, while the thoughtful floor plan offers comfortable everyday living. Additional highlights include a two-car garage and a desirable cul-de-sac location and an oversized lot with your very own man-cave as a bonus! You'll want to take a look at this one before it's gone.

Investor Tools

$87,168Estimated Mortgage Balance
$319,268Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,439 /month
Positive
Cash Flow Estimate:
$813 /month

Interested in this property?

Laura Morin-Igaravidez

RE/MAX DFW Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,000
$406,436
2025
$114,566
$291,870
$406,436
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,000
$406,436

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cwb Mortgage Ventures Llc
Fha
$155,677
Yes
First
Jan 23, 2009
Feb 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,168
$319,268
78%
21%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$275/mo
+$2,595/mo
8.5%

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: Little Elm

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