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$453,000

NAL Estimated Property Value

1616 Cedar Elm Dr, Corinth, TX, 76210

$461,173 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,124 Sq Ft
price_per_sqft$146.61 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Double Oven

Exterior

Lot Size7,501 sqft

Building Information

Year Built1998
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR202763
Lot Number26
SubdivisionCypress Point Est Ph Iv
Land UseResidential
Legal DescriptionCYPRESS POINT EST PH IV BLK G LOT 26
Census Tract021420
Assessed Land Value$97,500
Assessed Improvement Value$318,852
Assessment Year2025

About this property

Located in a charming, well-kept neighborhood with no HOA, this spacious and versatile home is zoned to Denton ISD, including highly rated Hawk Elementary (just a half mile away) and sought-after Guyer High School. With only one owner, the home has been lovingly maintained and thoughtfully updated. The home offers a flexible layout perfect for families of any size, multi-generational living, hosting parties, those who work from home - or all the above! The first floor features a cozy living room with wood floors, high ceilings and fireplace, plus a rare main-level oversized game room, formal dining (or flex space) with vaulted ceilings, an office with French doors, and a bedroom with a full bath—ideal for a guest suite. The kitchen has been refreshed with stainless steel appliances, granite counters, and a double oven, while the breakfast nook includes a wrap-around window and built-in window seat—perfect for gathering or displaying plants in natural light. Upstairs, the primary suite boasts a beautifully renovated bath with wood-look tile floors, bold navy vanities with gold hardware, a frameless glass shower with subway tile and stone floor, and a separate tub. Also upstairs are three additional spacious bedrooms, another full bath, and new carpet throughout the top floor. Almost every bedroom has a walk-in closet, offering fantastic storage. The laundry room even has space for an extra fridge! Step outside to enjoy the large backyard with a cedar privacy fence and storage shed—plenty of room for play, pets, or gardening. Conveniently located less than 2 miles from I-35E for an easy commute and 1 mile to the nearest grocery store. This property combines comfort, function, and location in one incredible package sitting in this amazing Cypress Point community!

Investor Tools

Property Icon
$453,000
Estimated Property Value
$99,884Estimated Mortgage Balance
$353,116Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$461,173
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,748 /month
Positive
Cash Flow Estimate:
$916 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$758/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,834
$416,352
2025
$97,500
$318,852
$416,352
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,834
$416,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Credit Line (Revolving) / Heloc
$144,000
No
First
Dec 5, 2012
Jan 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,884
$353,116
77%
22%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,120/mo
$864/mo
+$2,256/mo
8.3%

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: Corinth

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1616 Cedar Elm Dr | Property Details | No Agent List