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$360,000

1405 Summit View Ln, Little Elm, TX, 76227

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,068 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.08 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Oven, Gas Range

Exterior

Lot Size6,011 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR745641
Lot Number46
SubdivisionUnion Park Phase 3a-2
Land UseResidential
Legal DescriptionUNION PARK PHASE 3A-2 BLK A LOT 46
Census Tract020124
Assessed Land Value$120,226
Assessed Improvement Value$278,774
Assessment Year2025

About this property

$5000 PAINT ALLOWANCE CREDIT AVAILABLE! Imagine a neighborhood that covers your alarm system and front lawn maintenance covered in the HOA. Welcome to Union Park! Upon arrival, you are given a warm welcome with the inviting front porch to relax the day away. As you enter the home, you'll notice the elegant entry with a study at the front of the home. The study features a closet space and can be easily converted to a fourth bedroom, if needed. With the layout of the home it provides ample space for home entertaining or creating intimate dinner moments within the space. From the study, you'll move to the formal dining area that shows an entry to the open kitchen. The secondary bedrooms are located off to the side of the formal dining room as you come in from the garage, situated near the laundry room and the guest bathroom. The open kitchen is open to the living room, providing an ideal space for ultimate entertaining with a breakfast nook and a cozy living room with a gas fireplace. The large primary bedroom suite is secluded at the back of the home, featuring a bathroom space that has a separate garden tub and shower, dual vanities, and a sizable closet. From the secluded primary bedroom, you'll be overlooking the wide backyard, as this home doesn't have a direct neighbor. This one-story home is a must-see with plenty of space and options as a starter home, move-up home, or a down-sizing home. Living in Union Park means enjoying resort-style amenities right at your doorstep. Residents have access to multiple swimming pools, a modern fitness center, a dog park, event pavilions, playgrounds, and miles of scenic trails. Year-round community events bring neighbors together, making Union Park more than just a neighborhood—it’s a lifestyle. All of these amenities are within minutes of your new home. With its thoughtful design, flexible spaces, and unmatched amenities, this home is a must-see for buyers looking for comfort, convenience, and community.

Investor Tools

Property Icon
$399,000
Estimated Property Value
$272,000Estimated Mortgage Balance
$67,452Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$821/month
$712/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,863
$399,000
2025
$120,226
$278,774
$399,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,863
$399,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Department Of Housing & Urban Dev
Fha
$66,311
Yes
First
Mar 25, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,548
$67,452
16%
83%
$2,029/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,680/mo
$2,741/mo
+$939/mo
11.1%

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: Little Elm

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1405 Summit View Ln | Property Details | No Agent List