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$439,999

1622 Summerfield Dr, Allen, TX, 75002

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,133 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.28 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringVinyl

Exterior

Private PoolPrivate Pool

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APNR-8352-00H-0110-1
Lot Number11
SubdivisionOrchards Phase 2 (Cal)
Land UseResidential
Legal DescriptionORCHARDS PHASE 2 (CAL), BLK H, LOT 11
Census Tract031408
Assessed Land Value$130,000
Assessed Improvement Value$336,126
Assessment Year2025

About this property

Immaculate, move-in-ready 4-bedroom, 2-bath home in the highly acclaimed Allen ISD! The versatile fourth bedroom with French doors offers the perfect space for a home office, study, or flex room. The open-concept floor plan showcases luxury vinyl plank flooring, abundant natural light, elegant architectural arches, and rounded corners throughout. The spacious kitchen is enhanced with brand-new granite countertops, 42-inch maple cabinetry, stainless steel appliances, and ample prep and storage space. The private primary suite features new granite countertops, dual vanities, a relaxing garden tub, separate walk-in shower, and a generous walk-in closet. The secondary bath has also been updated with new granite countertops. Ceramic tile flooring in all wet areas, a full sprinkler system, and a prime location just minutes from shopping, dining, parks, and major highways complete this exceptional home. A perfect place to call home!

Investor Tools

Property Icon
$466,126
Estimated Property Value
$151,300Estimated Mortgage Balance
$345,636Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,797 /month
Positive
Cash Flow Estimate:
$932 /month

Interested in this property?

Molly George

Globalnet , REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$896/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,415
$466,126
2025
$130,000
$336,126
$466,126
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,415
$466,126

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Directions Equity Llc
Conventional
$151,300
No
First
Nov 15, 2016
Dec 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,490
$345,636
74%
26%
$908/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,058/mo
+$2,292/mo
8.6%

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.

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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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1622 Summerfield Dr | Property Details | No Agent List