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$1,229,995

1401 Carter Drive, Royse City, TX, 75189

$1,598,994 ARVInfo
On MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,879 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.1 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesConvection Oven, Double Oven, Dishwasher, Electric Cooktop, Electric Range, Disposal, Microwave

Exterior

Exterior FeaturesLighting, Outdoor Grill, Rain Gutters, Storage
Lot Size2.47 acres

Building Information

Year Built2024
Stories1
Garage Spaces7

Land Information

APNR-12024-000-0160-1
Lot Number16
SubdivisionMoores Lake Estates Phase 1
Land UseResidential
Legal DescriptionMOORES LAKE ESTATES PHASE 1, LOT 16
Census Tract031202
Assessed Land Value$304,000
Assessed Improvement Value$712,776
Assessment Year2025

About this property

**Price Improvement** Hard-to-find One story estate home offering the perfect blend of luxury, comfort, & convenience, just off Hwy 78 & FM 205, with easy access to Plano. Set on 2.47 private acres with your own fishing pond, this beautifully crafted custom home features 3-3.5- 7 Car + Study + Dining + a Separate In-Law Suite, ideal for multi-generational living or hosting guests in style. From the moment you arrive, the home makes a lasting impression with its striking brick & stucco elevation and charming circular driveway. Inside, you’re welcomed by an open concept design highlighted by vaulted ceilings, LVP wood flooring, & walls of windows that flood the home with natural light. The expansive family room flows into a chef’s kitchen designed to impress, featuring an oversized quartz waterfall island, custom backsplash, & WiFi-enabled appliances, perfect for both everyday living and entertaining. This thoughtfully designed layout includes two luxurious primary suites plus an additional bedroom with a private ensuite, all arranged in a split bedroom floor plan for maximum privacy. The main primary retreat offers a relaxing sitting area and a spa-inspired bath with a large walk-in shower, dual vanities, & an oversized walk-in closet. Beyond the main home, the property truly shines with a 30x50 insulated garage(shop) capable of housing up to 4 additional vehicles. Attached is a beautifully appointed private in-law suite complete with a full kit, bed, bath, & its own outdoor kitchen with an extended covered patio, perfect for extended family or guests. Step outside and unwind by your private fishing pond, creating a peaceful backdrop for relaxing evenings and unforgettable gatherings. Offering the best of both worlds, this exceptional estate delivers serene country living with modern convenience, plus the added benefits of a low HOA and no city taxes. This is more than a home, it’s a lifestyle. Don’t miss the opportunity to make it yours.

Investor Tools

$0Estimated Mortgage Balance
$1,257,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,598,994
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,542 /month
Positive
Cash Flow Estimate:
$2,514 /month

Interested in this property?

Rafael Carrasco

Carrasco Real Estate Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$943/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,036
$1,016,776
2025
$304,000
$712,776
$1,016,776
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,036
$1,016,776

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,257,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$300/mo
+$2,270/mo
2.5%

City: Royse City

1401 Carter Drive | Property Details | No Agent List