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$302,000

NAL Estimated Property Value

1407 Cherry Bark Dr, Princeton, TX, 75407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,674 Sq Ft
price_per_sqft$182.2 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Move-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile

Exterior

Lot Size4,966 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12838-00G-0380-1
Lot Number38
SubdivisionCypress Creek Phase 1 (Gcn)
Land UseResidential
Legal DescriptionCYPRESS CREEK PHASE 1 (GCN), BLK G, LOT 38
Census Tract031007
Assessed Land Value$90,000
Assessed Improvement Value$195,421
Assessment Year2025

About this property

Move-In Ready!! Welcome home to this beautifully upgraded 2023 Lennar home in the desirable Cypress Creek community of Princeton, TX in Collin County. This charming, blue exterior offers standout curb appeal and a welcoming presence in a quiet, safe neighborhood. Perfect for the first time home-buyer or home to retire in. This 4 bedroom, 2 bath features a bright, modern interior featuring updated ceramic tile flooring throughout the main living areas and plush carpet in all four bedrooms. The open-concept layout is ideal for everyday living and entertaining, with a spacious living room flowing seamlessly into the dining area and kitchen. The kitchen is a true centerpiece, showcasing a large island, gas range, updated basket-weave backsplash, pendant lighting, and plenty of kitchen cabinets with handles and knobs already installed! The primary suite offers a private retreat with an en suite bathroom, walk-in shower with upgraded sliding glass door installed, extra added storage cabinets, and a large walk-in closet. The guest bathroom includes a bathtub for the little ones or guests that just want to relax. New ceiling fans throughout add comfort and efficiency. Exterior upgrades include storm doors on both front and back entrances, rain gutters, and a garage door opener. Located within walking distance from the neighborhood pool and fishing pond, this home blends comfort with community amenities. Princeton is a rapidly growing town just east of McKinney, offering a charming small-town feel with local mom-and-pop shops, plus exciting new big-box stores and popular restaurants coming soon. This move-in-ready home is a fantastic opportunity to enjoy modern living in a thriving area. Perfect for buyers searching for newer construction homes that have been meticulously cared for and already include those necessary upgrades! Welcome Home!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$284,740Estimated Mortgage Balance
$17,737Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,830 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,281
$285,421
2025
$90,000
$195,421
$285,421
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,281
$285,421

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$298,774
No
First
Oct 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$284,740
$17,260
5%
94%
$1,792/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,242/mo
$-92/mo
8.5%

Learn About the Market: Opportunity in Texas

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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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1407 Cherry Bark Dr | Property Details | No Agent List