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$425,000

1320 Red River Lane, Allen, TX, 75002

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,636 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.23 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Vented Exhaust Fan
FlooringVinyl

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8741-00D-0080-1
Lot Number8
SubdivisionSilhouette Phase 1 (Cal)
Land UseResidential
Legal DescriptionSILHOUETTE PHASE 1 (CAL), BLK D, LOT 8
Census Tract031413
Assessed Land Value$118,750
Assessed Improvement Value$307,591
Assessment Year2025

About this property

Recently reduced and priced to sell, this standout home offers an incredible opportunity in highly sought-after Allen Independent School District. With over 2,600 square feet, 4 bedrooms, and a spacious game room, this property delivers the space, flexibility, and layout today’s buyers demand at a price point that is becoming increasingly rare in Allen. Step inside to a bright, open concept living space filled with natural light and enhanced by updated luxury vinyl plank flooring, creating a clean, modern, move-in ready feel. The seamless flow between the kitchen and main living area makes it perfect for both everyday living and entertaining. The primary suite, conveniently located on the main level, offers a private retreat with dual sinks, a soaking tub, and a large walk-in closet. Upstairs, you will find three additional bedrooms and a versatile game room, ideal for a media room, home office, or play space. With a motivated seller and a price improvement, this home is one of the strongest values on the Allen market right now. Opportunities like this do not last. Schedule your showing today.

Investor Tools

$154,106Estimated Mortgage Balance
$276,894Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,586 /month
Positive
Cash Flow Estimate:
$862 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$880/month
$121/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,407
$426,341
2025
$118,750
$307,591
$426,341
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,407
$426,341

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$193,000
No
First
Nov 10, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,106
$276,894
64%
36%
$1,158/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,279/mo
+$2,071/mo
9.3%

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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1320 Red River Lane | Property Details | No Agent List