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Days34Days on Market
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$2,500

1616 Carpenter Drive, Plano, TX, 75074

On MarketInfo
LeaseInfo
Beds3 Beds
Baths3 Bath
Baths2,282 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.1 / sqft
Year BuiltBuilt in 2007

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Refrigerator
FlooringCarpet

Exterior

Lot Size1,399 sqft

Building Information

Year Built2007
Stories3
Garage Spaces2

Land Information

APNR-10275-004-0050-1
Lot Number5
SubdivisionLexington Park Addition Phase 1 (Cpl)
Land UseResidential
Legal DescriptionLEXINGTON PARK ADDITION PHASE 1 (CPL), BLK 4, LOT 5
Census Tract031902
Assessed Land Value$95,000
Assessed Improvement Value$314,669
Assessment Year2025

About this property

Excellent townhome available for immediate lease in the vibrant historic district, just two blocks from the DART rail! This thoughtfully designed 3-bedroom, 3.5-bath townhome offers ideal living across three levels. The primary suite is located on the 3rd floor for added privacy, with the second bedroom on the 2nd floor and a third bedroom with an en suite bath on the first floor. The unit includes a 2-car attached garage and comes fully equipped with a washer, dryer, and refrigerator. Interior features include hardwood floors, crown molding, granite countertops, and stainless steel appliances, enhancing both style and functionality. Located in a Green-Built community exceeding Energy Star standards, this home offers energy efficiency and sustainability. Walk to downtown Plano and explore an array of dining and retail options right at your doorstep. Don’t miss this opportunity!

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Steven Robertson

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$438/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,206
$409,669
2025
$95,000
$314,669
$409,669
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,206
$409,669

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Capital Bank
Purchase Money Mortgage
$240,500
No
First
Nov 18, 2021
Feb 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,036
$189,633
46%
54%
$1,442/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,260/mo
$1,442/mo
+$818/mo
6.6%

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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1616 Carpenter Drive | Property Details | No Agent List