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$556,825

NAL Estimated Property Value

1609 Iowa Dr, Plano, TX, 75093

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,174 Sq Ft
price_per_sqft$212.67 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Range, Double Oven, Water Softener
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1981
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0596-006-0030-1
Lot Number3
SubdivisionHighlands North Phase V (Cpl)
Land UseResidential
Legal DescriptionHIGHLANDS NORTH PHASE V (CPL), BLK 6, LOT 3
Census Tract031621
Assessed Land Value$149,500
Assessed Improvement Value$407,325
Assessment Year2025

About this property

Rare opportunity to own a meticulously maintained, single-owner Shaddock and Cook home on a sprawling 0.4-acre lot in highly desirable West Plano. This 'forever home' features an exceptionally flexible floor plan highlighted by a Dual Primary Suite layout. The main level offers 3 bedrooms and 2.5 baths, while the massive upstairs addition with private bath serves as a second primary retreat, guest quarters, or a premium bonus room. The updated kitchen (remodeled 2015) boasts custom cabinetry and Thermador appliances, including a gas range and built-in refrigeration. Also downstairs, an open living-dining layout features a temperature-controlled wine room and a 2nd flex space perfect for an office, play-room, or large mudroom. Step outside to a private backyard oasis with a large covered patio, tranquil koi pond (2009), professional landscaping including many mature shade trees, and an expansive lawn. Notable updates include a 2017 roof with impact-resistant shingles (ask about insurance savings), a 2025 water heater and filtration system, and 2026 patio roof and 2025 siding updates. Ideally located just minutes from popular shopping destinations like Whole Foods, HEB, Trader Joe’s, and an abundance of restaurants and retail shops. Under 5 minutes to George Bush Hwy for easy commuting.

Investor Tools

Property Icon
$556,825
Estimated Property Value
$0Estimated Mortgage Balance
$556,825Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$668/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,234
$556,825
2025
$149,500
$407,325
$556,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,234
$556,825

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$556,825
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,660/mo
N/A
+$2,660/mo
5.7%

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.

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: Plano

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1609 Iowa Dr | Property Details | No Agent List