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$400,000

1612 Balboa Ln, Allen, TX, 75002

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,875 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.33 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR-8352-00G-0350-1
Lot Number35
SubdivisionOrchards Phase 2 (Cal)
Land UseResidential
Legal DescriptionORCHARDS PHASE 2 (CAL), BLK G, LOT 35
Census Tract031408
Assessed Land Value$130,000
Assessed Improvement Value$300,749
Assessment Year2025

About this property

Updated 3 bedroom - 2 bathroom home in Allen ISD! This pristine single-story home is move-in ready and ideally located in the heart of Allen. This thoughtfully designed 1,875 sq ft home offers a bright, open floor plan designed for both everyday living and effortless entertaining. The spacious living area features a cozy fireplace and abundant natural light, flowing seamlessly into the well-appointed kitchen with stainless steel appliances, gas cooktop, refreshed cabinetry, large center island, and a charming breakfast nook with window seating. The flexible formal dining room provides plenty of space for holiday gatherings and can be converted into a home office, 4th bedroom option, or additional living space to suit your needs. The spacious primary suite features dual vanities, garden tub, separate shower, and walk-in closet. Newer carpet adds to the home's move-in-ready appeal. Enjoy the convenience of smart home features, including a video doorbell, Wi-Fi thermostat, and Wi-Fi sprinkler system. The 2-car garage features an epoxy floor, while the nicely sized backyard offers plenty of room for a pool, playscape, trampoline, or your own dream outdoor living space. Located in highly sought-after Allen ISD, this home is just minutes from Watters Creek Village, Allen Premium Outlets, and The Village at Allen, with easy access to major highways, shopping, dining, and entertainment. A wonderful opportunity to enjoy comfort, flexibility, and an unbeatable Allen location!

Investor Tools

$103,635Estimated Mortgage Balance
$328,122Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,584 /month
Positive
Cash Flow Estimate:
$861 /month

Interested in this property?

Carolina Dusenbery

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$783/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,237
$430,749
2025
$130,000
$300,749
$430,749
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,237
$430,749

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dba Sebonic Financial Lp
Conventional
$142,500
No
First
Feb 28, 2014
Mar 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,635
$327,114
75%
24%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$150/mo
+$1,890/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.

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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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1612 Balboa Ln | Property Details | No Agent List