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$435,000

1606 Salvia Springs Dr, Allen, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,955 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.51 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesDog Run, Rain Gutters, Lighting

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APNR-8010-00M-0100-1
Lot Number10
SubdivisionAuburn Springs Phase Three (Cal)
Land UseResidential
Legal DescriptionAUBURN SPRINGS PHASE THREE (CAL), BLK M, LOT 10
Census Tract031414
Assessed Land Value$162,500
Assessed Improvement Value$262,500
Assessment Year2025

About this property

~Just a great little house~ …with a fabulous flow, perched on ¼ acre lot in coveted Auburn Springs of Allen near Celebration Park – all for a Great Price! Delightful drive-up to stone flowerbeds, Crepe Myrtle, stone accented covered entry w brick landing, glass paneled door & transom window! You will love your stacked formal living space, soft gray walls, 10-ft ceilings, elegant rotunda focal point, recessed lights, glass c-top w exterior vent, wood 42” cabinets w pulls, island, breakfast bar, u-mount double-basin sink w pull-down faucet, granite c-tops, walk-in pantry w frosted glass door, day desk, fireplace w tile surround & mantle, split living design w dual closet Primary Ste, tub & walk-in shower, dual sinks, make-up counter & MORE! Step outside to spread your wings with one of the largest lots in the neighborhood w covered patio & spacious side yard! Ultimate entertainer’s dream w VIP seating to Allen’s legendary July 4th fireworks at Celebration Park-100-acres of FUN! MUST SEE!

Investor Tools

Property Icon
$425,000
Estimated Property Value
$225,000Estimated Mortgage Balance
$205,660Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,714
$425,000
2025
$162,500
$262,500
$425,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,714
$425,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Filo Mortgage Llc
Conventional
$225,000
No
First
Dec 26, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,340
$205,660
48%
52%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$1,474/mo
+$1,096/mo
7.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1606 Salvia Springs Dr | Property Details | No Agent List