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$481,006

1621 Spoonbill Dr, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,839 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.26 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size6,142 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR712335
Lot Number14
SubdivisionPaloma Creek South Phase 3c
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PHASE 3C BLK F LOT 14
Census Tract020137
Assessed Land Value$104,414
Assessed Improvement Value$376,592
Assessment Year2025

About this property

Open House Canceled for Saturday, March 11th Welcome to your beautiful Highland home with 4 beds, 3 full baths, a large study, game room and entertainment area. This floorplan has it all! Upon entry, you are greeted with high ceilings and gorgeous arches. Down the hallway, French doors lead to an oversized study. The open concept living with a cozy fireplace, large dining space and kitchen island are great for entertaining friends and family. Owner's retreat has a large ensuite and great closet. Guest bedroom and additional full bath also located on first floor. On the upper level you will find ample entertainment space that is large enough to accommodate multiple uses. Two additional bedrooms and full bath along with storage located on second floor as well. Make lasting memories in your large backyard with covered and extended patio. Enjoy all of the amenities that Paloma Creek has to offer! Located near a plethora of restaurants and retail. Come make this house your new home!

Investor Tools

Property Icon
$481,006
Estimated Property Value
$370,000Estimated Mortgage Balance
$131,961Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,886 /month
Positive
Cash Flow Estimate:
$962 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,037/month
$185/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,043
$481,006
2025
$104,414
$376,592
$481,006
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,043
$481,006

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Commercial
$370,000
No
First
Apr 17, 2023
Apr 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$349,045
$131,961
27%
73%
$2,219/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$2,404/mo
+$1,346/mo
9.4%

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: Little Elm

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1621 Spoonbill Dr | Property Details | No Agent List