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$486,000

NAL Estimated Property Value

1406 Red Tip Dr, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,745 Sq Ft
price_per_sqft$187.61 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage, Garden

Building Information

Year Built1997
Stories2
Garage Spaces2

Land Information

APNR-3313-00E-0030-1
Lot Number3
SubdivisionCottonwood Bend Estates Phase Iib (Cal)
Land UseResidential
Legal DescriptionCOTTONWOOD BEND ESTATES PHASE IIB (CAL), BLK E, LOT 3
Census Tract031422
Assessed Land Value$137,500
Assessed Improvement Value$304,285
Assessment Year2025

About this property

Welcome to your dream home! This stunning 2-story property perfectly blends style, comfort, and functionality. Boasting 4 generously sized bedrooms, 2.5 bathrooms, and multiple living spaces, this home is designed to meet all your needs. Step inside to find a dedicated office, perfect for remote work or a quiet retreat, and a formal dining room ideal for hosting dinners and celebrations. The heart of the home is a bright and open living area that flows seamlessly into the kitchen, making it perfect for entertaining. Upstairs, you’ll find all four bedrooms, including the spacious primary suite with a luxurious en-suite bathroom and a closet with built-in features. A family room on the second floor provides a versatile space for relaxation, play, or hobbies. Situated on a large lot, this property features a gated driveway leading to the backyard, offering security and additional parking space. The expansive backyard is perfect for outdoor activities, gardening, or simply unwinding in your private oasis!

Investor Tools

Property Icon
$486,000
Estimated Property Value
$550,135Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,090 /month
Positive
Cash Flow Estimate:
$1,030 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$717/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,175
$441,785
2025
$137,500
$304,285
$441,785
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,175
$441,785

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Fha
$510,581
Yes
First
Feb 27, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$550,135
N/A
0%
113%
$3,374/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$3,374/mo
$-24/mo
8.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Allen

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1406 Red Tip Dr | Property Details | No Agent List