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$367,838

NAL Estimated Property Value

1508 Edelweiss Dr, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,760 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.07 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop
FlooringCarpet, Tile, Vinyl

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2099-015-0050-1
Lot Number5
SubdivisionGreengate Addition Section Iv (Cal)
Land UseResidential
Legal DescriptionGREENGATE ADDITION SECTION IV (CAL), BLK 15, LOT 5
Census Tract031425
Assessed Land Value$99,750
Assessed Improvement Value$268,088
Assessment Year2025

About this property

Back on Market. Charming 4 bedroom 2 bathroom conveniently located in the popular Allen ISD. Walking distance to Story Elementary. Quick jump on the highway will get you to top notch shopping, dining and entertainment. This home is ready to make your own! Walk into a open floor plan and cozy up Infront of the fire place or enjoy a big family meal while you take in the view of your HUGE backyard. Home sold as is and sellers would prefer a 30 lease back. Motivated Seller welcomes all offers

Investor Tools

Property Icon
$367,838
Estimated Property Value
$343,374Estimated Mortgage Balance
$24,464Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$599/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,353
$367,838
2025
$99,750
$268,088
$367,838
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,353
$367,838

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aml Funding Llc
Conventional
$359,100
No
First
Dec 12, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,374
$24,464
6%
93%
$2,153/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$2,153/mo
+$417/mo
8.4%

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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1508 Edelweiss Dr | Property Details | No Agent List