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$356,400

NAL Estimated Property Value

1509 Toucan Drive, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,775 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.54 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,502 sqft

Building Information

Year Built2012
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR531147
Lot Number15
SubdivisionPaloma Creek South Ph 2
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PH 2 BLK P LOT 15
Census Tract020137
Assessed Land Value$99,000
Assessed Improvement Value$270,853
Assessment Year2025

About this property

MULTIPLE OFFERS RECIEVED! Beautifully updated 3-bedroom, 2-bath home built by Horizon Homes in the highly sought-after Paloma Creek community, offering 1,775 square feet of comfortable living, stylish upgrades, and exceptional neighborhood amenities in Little Elm. This light-filled home features an open-concept layout with soaring ceilings, rich hardwood flooring, fresh interior paint, and brand-new carpet throughout. Flexible formal dining area can easily serve as a private study, second living space, or playroom. The spacious kitchen is designed for both entertaining and everyday living with abundant cabinetry, granite countertops, updated appliances, oversized center island with breakfast bar seating, and seamless flow into the inviting living room featuring a cozy gas fireplace and abundant natural light. The private primary suite offers dual vanities, oversized garden tub, separate walk-in shower, and spacious walk-in closet creating the perfect retreat. Two generously sized secondary bedrooms and an additional full bath provide flexibility for guests or family. A convenient built-in study nook adds even more functional space for work or homework. Enjoy year-round outdoor living with the enclosed screened patio featuring a gas connection for grilling, added privacy, and protection from bugs, making it ideal for relaxing evenings, entertaining, or cozy family gatherings. Residents of Paloma Creek enjoy resort-style amenities including four community pools, multiple fitness centers, expansive clubhouses, scenic hiking and biking trails, parks, and playgrounds throughout the neighborhood. Located in highly rated Denton ISD and minutes from shopping, dining, and entertainment along the growing Highway 380 corridor. Prime location near Little Elm Park and Lewisville Lake featuring beaches, volleyball courts, playgrounds, and year-round events. Convenient access to PGA Headquarters, the future Universal Kids Resort, Firefly Park development, H-E-B, Sprouts, & Target.

Investor Tools

Property Icon
$356,400
Estimated Property Value
$257,178Estimated Mortgage Balance
$99,222Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,138 /month
Positive
Cash Flow Estimate:
$713 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,973
$356,400
2025
$99,000
$270,853
$369,853
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,973
$356,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Conventional
$252,200
No
First
May 3, 2018
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$257,178
$99,222
27%
72%
$1,813/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,363/mo
+$507/mo
9.7%

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: Little Elm

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1509 Toucan Drive | Property Details | No Agent List