Last 24 Hours
$380,140
NAL Estimated Property Value1609 Sorghum Drive, Princeton, TX, 75407
Off Market
5 Beds
3 Bath
2,609 Sq Ft
$105.4 / sqft
Built in 2016Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
Bedrooms 5
Bathrooms Full 2.5AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Laminate
Exterior
Exterior FeaturesRain Gutters
Building Information
Year Built2016
Stories2
Garage Spaces2
Land Information
APNR-11035-00I-0270-1
Lot Number27
SubdivisionAbbey Crossing At Forest Grove Phase 2 (
Land UseResidential
Legal DescriptionABBEY CROSSING AT FOREST GROVE PHASE 2 (CPN), BLK I, LOT 27
Census Tract031003
Assessed Land Value$100,000
Assessed Improvement Value$280,140
Assessment Year2025
About this property
You will be in awe of the curb appeal as you drive up to this gorgeous HOME w covered patio. Grand entry welcomes you w soaring ceilings & fabulous open concept floor plan. Chef's kitchen w granite countertops, ss appliances, farm sink, custom lighting above & below cabinets and huge island w seating opens to the Family Rm complete w wall of windows & great views to the back. Private master has granite, dual sinks, custom closet system & an extra space perfect for a nursery, gym or office. Upstairs are 4 BD's w oversized closets & wonderful Game Room. Step outside & BBQ on your extended covered 20 foot patio complete w fans & can lights while enjoying your huge yard. HOA provides pool, parks & walking trails.
Investor Tools
$380,140
Estimated Property Value
$200,174Estimated Mortgage Balance
$179,966Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,281 /month
Positive
Cash Flow Estimate:
$760 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
$300/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,582
$380,140
2025
$100,000
$280,140
$380,140
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,582
$380,140
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$224,400
No
First
Oct 14, 2020
Nov 2050
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,174
$179,966
47%
53%
$1,346/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$1,646/mo
+$1,164/mo
8.9%
12.4%