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$500,619

NAL Estimated Property Value

1407 Cedar Springs Dr, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,619 Sq Ft
price_per_sqft$194.69 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APNR-5113-0UU-0010-1
Lot Number1
SubdivisionLost Creek Ranch Phase 4 (Cal)
Land UseResidential
Legal DescriptionLOST CREEK RANCH PHASE 4 (CAL), BLK UU, LOT 1
Census Tract031413
Assessed Land Value$131,250
Assessed Improvement Value$369,369
Assessment Year2025

About this property

Spacious 4-Bedroom Home on a Prime Corner Lot in Allen! Don't miss this beautifully designed 4-bedroom home with an exceptional layout! The light and bright main level features rich wood floors throughout the living areas, creating a warm and inviting atmosphere. The spacious kitchen boasts stainless steel appliances, a walk-in pantry, and an eat-in dining space—perfect for everyday living and entertaining. A stunning feature fireplace anchors the living room, adding charm and coziness. The generously sized primary suite is conveniently located downstairs, complete with two huge walk-in closets and an ensuite bathroom with a soaking tub, separate shower, and dual sinks. Upstairs, you'll find an oversized game room, ideal for movie nights or entertaining, along with three large bedrooms—each with its own walk-in closet—and two additional full bathrooms. Situated on a spacious corner lot in a fantastic neighborhood, this home is just minutes from shopping, dining, Celebration Park, and Allen ISD schools. Major updates in recent years include a replaced HVAC system, roof, gutters, fence, appliances, and more!

Investor Tools

Property Icon
$500,619
Estimated Property Value
$366,596Estimated Mortgage Balance
$134,023Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,059 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
$48/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,492
$500,619
2025
$131,250
$369,369
$500,619
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,492
$500,619

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Va
$372,600
Yes
First
Jun 9, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$366,596
$134,023
26%
73%
$2,234/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,282/mo
+$1,068/mo
8.0%

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: Allen

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