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$371,739

NAL Estimated Property Value

1517 Redman Drive, Royse City, TX, 75189

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,803 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$83.84 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,492 sqft

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APN3421-000B-0012-00-0R
Lot Number12
SubdivisionCreekview Estates Phase 1
Land UseResidential
Legal DescriptionCREEKVIEW ESTATES PHASE 1, BLOCK B, LOT 12
Census Tract040410
Assessed Land Value$78,000
Assessed Improvement Value$293,739
Assessment Year2025

About this property

Welcome to 1517 Redman! This home is located close to one of the Elementary Schools, shopping, & quick access to I30. With over 2800 square feet, this home has it all. Great curb appeal right from the start. Downstairs you will find NO carpet. There's a large formal dining room great for big family dinners. An office if you work from home or possibly a cozy sitting room. Great open concept living room, spacious kitchen & breakfast area. Upstairs is a huge game room, all 4 large bedrooms are also upstairs but still have a split feel. Large backyard with covered patio. Seller is offering a $5000 flooring allowance with an acceptable offer. Refrigerator in included! NO HOA, NO MUD, NO PID

Investor Tools

Property Icon
$371,739
Estimated Property Value
$209,670Estimated Mortgage Balance
$162,069Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,230 /month
Positive
Cash Flow Estimate:
$743 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$772/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,406
$371,739
2025
$78,000
$293,739
$371,739
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,406
$371,739

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$235,521
Yes
First
Sep 1, 2020
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$209,670
$162,069
43%
56%
$1,413/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,413/mo
+$1,937/mo
10.8%

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: Royse City

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1517 Redman Drive | Property Details | No Agent List