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$384,000

NAL Estimated Property Value

1720 Megan Creek Drive, Little Elm, TX, 75068

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,805 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.92 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,776 sqft

Building Information

Year Built2014
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR646459
Lot Number14
SubdivisionPaloma Creek South Phase 8b
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PHASE 8B BLK U LOT 14
Census Tract020135
Assessed Land Value$75,075
Assessed Improvement Value$308,925
Assessment Year2025

About this property

Do you wish you could say - I can vacation in my own neighborhood because your seconds away from one of the best recreational lakes in Texas. My family has endless hiking & biking trails; we really enjoy the outdoors. I save time every morning with the kids because highly-rated schools are a 5-minute bike ride away. We have TWO full bedrooms & bathrooms downstairs for extra family or guests. Open concept kitchen, dining & living room makes for easy flow. Perfect game room for movie night or slumber party. 3 bedrooms upstairs, making kids feel it's their own space yet still all under one roof. Master suite has feel of high-end hotel with large WI closet. Wish you could have all this under $300,000? Now you can.

Investor Tools

Property Icon
$384,000
Estimated Property Value
$196,965Estimated Mortgage Balance
$187,035Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,304 /month
Positive
Cash Flow Estimate:
$768 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$906/month
$165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,956
$384,000
2025
$75,075
$308,925
$384,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,956
$384,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$221,250
No
First
Sep 14, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,965
$187,035
48%
51%
$1,327/mo

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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1720 Megan Creek Drive | Property Details | No Agent List