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$295,000

1402 Englemann Drive, Princeton, TX, 75407

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,169 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.01 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCombination

Exterior

Exterior FeaturesRain Gutters
Lot Size5,460 sqft

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10921-00P-0020-1
Lot Number2
SubdivisionCypress Bend No 2 (Cpn)
Land UseResidential
Legal DescriptionCYPRESS BEND NO 2 (CPN), BLK P, LOT 2
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$228,313
Assessment Year2025

About this property

Welcome to 1402 Englemann Drive in Princeton, a turnkey, move-in ready home built in 2016 located in the desirable Cypress Bend community. This well-maintained property offers great curb appeal with a landscaped front entry featuring white stone accents, multiple trees, and inviting front entry. Inside, you’ll find a bright and functional layout with luxury vinyl plank flooring throughout the first floor, providing both style and easy maintenance. The spacious living area flows seamlessly into the dining space and kitchen, creating an ideal setup for everyday living and entertaining. The kitchen features granite countertops, abundant cabinetry, a breakfast bar, and a large walk-in pantry, offering both storage and functionality. The primary suite is generously sized and filled with natural light, complete with a sitting area perfect for relaxing or a private workspace. The ensuite bathroom includes a garden tub, separate shower, double vanity, and a large walk-in closet. Upstairs, you’ll find three additional bedrooms and a full bathroom, with comfortable carpeting throughout the second level. Step outside to a large backyard with a privacy fence, providing plenty of space for outdoor activities, pets, or future additions like a patio or play area. Residents of Cypress Bend enjoy access to community amenities including parks, playgrounds, and trails, creating opportunities for outdoor enjoyment close to home. The property is conveniently located near Lavon Lake, offering boating, fishing, and scenic recreation, as well as nearby shopping, dining, and entertainment options in Princeton, McKinney, and Allen. With easy access to major roadways, commuting throughout the DFW Metroplex is simple and convenient. This home offers a great combination of comfort, functionality, and location, making it an excellent opportunity for buyers seeking space and convenience in a growing area.

Investor Tools

Property Icon
$328,313
Estimated Property Value
$0Estimated Mortgage Balance
$126,620Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,970 /month
Positive
Cash Flow Estimate:
$657 /month

Interested in this property?

Billy Vaselo

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$549/month
$331/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,944
$328,313
2025
$100,000
$228,313
$328,313
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,944
$328,313

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$232,323
No
First
Sep 26, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,693
$126,620
38%
61%
$1,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,724/mo
+$1,086/mo
10.3%

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.

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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: Princeton

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1402 Englemann Drive | Property Details | No Agent List