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$875,000

1405 Grassland Drive, Celina, TX, 75009

On MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,090 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.94 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,238 sqft

Building Information

Year Built2016
Stories2
Garage Spaces3

Land Information

APNR-10605-00J-0240-1
Lot Number24
SubdivisionLight Farms Phase 2b The Indigo Neighbor
Land UseResidential
Legal DescriptionLIGHT FARMS PHASE 2B THE INDIGO NEIGHBORHOOD (GCN), BLK J, LOT 24
Census Tract030306
Assessed Land Value$175,000
Assessed Improvement Value$620,205
Assessment Year2025

About this property

Beautifully designed Drees Home featuring 5 bedrooms, a private study, and a pool in the highly sought after Light Farms community. This spacious open concept layout showcases quality craftsmanship throughout, highlighted by ceiling beams, elegant arches, and a striking fireplace that anchors the main living space. Thoughtfully designed for both everyday living and entertaining, the home offers a cozy media room and a spacious game room, creating flexible spaces to relax and gather. The backyard features a pool area that is just enough to enjoy without the burden of heavy upkeep, complemented by a low maintenance yard for easy living. This home is move in ready and ideally positioned within one of North Texas’ most amenity rich communities, offering pools, parks, trails, fitness center, and a true lifestyle experience. Welcome home.

Investor Tools

$453,905Estimated Mortgage Balance
$436,095Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,340 /month
Positive
Cash Flow Estimate:
$1,780 /month

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Beaux Olaiya

Roots Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,095/month
$139/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,685
$795,205
2025
$175,000
$620,205
$795,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,685
$795,205

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Va
$498,000
Yes
First
Sep 15, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$453,905
$436,095
48%
51%
$2,986/mo

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: Celina

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1405 Grassland Drive | Property Details | No Agent List