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$610,000

1385 Elaine Dr, Allen, TX, 75013

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,548 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.4 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size5,249 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11270-00B-0170-1
Lot Number17
SubdivisionConnemara Crossing (Cal)
Land UseResidential
Legal DescriptionCONNEMARA CROSSING (CAL), BLK B, LOT 17
Census Tract031510
Assessed Land Value$115,425
Assessed Improvement Value$482,888
Assessment Year2025

About this property

Rare corner cul-de-sac home in Connemara Crossing! This immaculate stunner is close to everything Allen has to offer. Hurry, it won't last! Features a light, bright, and open floor plan with a large kitchen, breakfast bar, views of the adjacent green-belt, a downstairs office, and a downstairs bathroom. Upstairs includes all bedrooms and a laundry for family convenience. Features include energy-efficient foam insulation by Meritage Homes, zoned heating and cooling, a fire sprinkler system, a laundry room utility sink, ceiling fans, and a tankless water heater. This home is perfect for entertaining with a gourmet kitchen, a spacious island, a large living room, and plenty of parking on the cul-de-sac. The large yard is ideal for play and relaxation. Located within the the top-rated, highly acclaimed Allen ISD school district, with the area's best shopping and dining districts. Close to Freeways for easy commute.

Investor Tools

Property Icon
$598,313
Estimated Property Value
$570,000Estimated Mortgage Balance
$38,350Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,035/month
$1,470/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,431
$598,313
2025
$115,425
$482,888
$598,313
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,431
$598,313

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lower Llc
Conventional
$570,000
No
First
May 21, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$559,963
$38,350
6%
94%
$3,418/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,410/mo
$4,888/mo
$-2,478/mo
4.8%

Learn About the Market: Opportunity in Texas

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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: Allen

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1385 Elaine Dr | Property Details | No Agent List