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$684,000

1500 Millwood Lane, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,799 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.94 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven, Vented Exhaust Fan, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesDog Run, Rain Gutters, Lighting

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APNR-4956-00D-0010-1
Lot Number1
SubdivisionSummerfield Phase Two (Cal)
Land UseResidential
Legal DescriptionSUMMERFIELD PHASE TWO (CAL), BLK D, LOT 1
Census Tract031414
Assessed Land Value$147,000
Assessed Improvement Value$498,324
Assessment Year2025

About this property

~Where to even begin?~ So special and such a divine opportunity! 6-Bedroom, 4½-Bathroom home with Mother-in-Law Suite, 3,800 square feet, Study, Game Room, and 3-Car Garage, all perched on a ¼-acre corner lot in Allen’s sought-after Summerfield! Delightful drive-up to lush landscaping, chalk-stone accents, a coach-lit pillared front porch for gathering, and a freshly painted Iron Ore front door! Take a breath and step in to be greeted by a picture-perfect 2-story foyer with perfect prom-picture stairway, bright & beautiful dining room, and majestic study. The Kitchen seals it, where an old-world, pizzeria-inspired, brick-arched range steals the show… that’s just until the island takes over, wrapping the space in a way that will have everyone who walks in pulling up a chair. It truly all comes together…from the double ovens and expansive granite counter space to all new appliances, breakfast bar, wine rack, and timeless cabinetry, recessed lighting, tray ceilings, fresh fixtures throughout, hardwoods, upgraded carpet, vaulted ceilings, gas-log fireplace, oversized primary suite with sitting area, huge walk-in closets, garden tub with separate shower, laundry room with sink and Pottery Barn built-ins, 2 Jack-and-Jills, thoughtful storage around every corner, epoxied easy-clean garage floors with updated insulated garage doors, and so much more! The list really does just go on! Tucked in Allen’s most beloved pockets, Summerfield offers a storybook kind of charm, where tree-lined streets wind past the sparkling community pool, playful park, serene ponds, and scenic trails that lead to Celebration Park and to Allen’s cherished Olson Elementary, creating a wonderfully safe and leisurely path to and from. It’s where neighbors wave, kids play, and life feels connected like it should be. Highly acclaimed Allen ISD and just minutes from shopping, dining, and 75 & 121, making it that place where everyday life feels peaceful and perfectly placed. Stop Looking and Start Packing!

Investor Tools

Property Icon
$684,000
Estimated Property Value
$0Estimated Mortgage Balance
$184,459Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,170 /month
Positive
Cash Flow Estimate:
$1,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,143/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,294
$645,324
2025
$147,000
$498,324
$645,324
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,294
$645,324

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Park Lending Services Inc
Conventional
$480,000
No
First
Nov 15, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,541
$184,459
26%
73%
$3,267/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$3,967/mo
$-617/mo
5.9%

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: Allen

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1500 Millwood Lane | Property Details | No Agent List