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$499,500

1815 Drake Drive, Allen, TX, 75002

Under ContractInfo
Beds4 Beds
Baths2 Bath
Baths2,231 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.89 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APNR-10586-00B-0100-1
Lot Number10
SubdivisionMorgan Crossing Phase 4 (Cal)
Land UseResidential
Legal DescriptionMORGAN CROSSING PHASE 4 (CAL), BLK B, LOT 10
Census Tract031411
Assessed Land Value$155,000
Assessed Improvement Value$372,581
Assessment Year2025

About this property

Charming one-story home is ready for move-in. New interior paint and new carpet May 2026. Located in desirable Allen, on a large corner lot, this 4 bedroom home has an open floor plan & high ceilings. Welcome to the home with hard wood floors in the foyer & flex space. This flex space is used as a dining room, or can be used as a study. Entertain your guests in the large kitchen with stainless steel appliances, gas stove, granite countertops, lots of cabinets for storage, walk in pantry, & a large island to gather around. The kitchen opens up to the oversized family room with fireplace where many movie nights can be enjoyed. The primary bedroom is a place to relax with bay windows, a bathroom with dual sinks, large tub, frameless shower, & walk-in closet. The large backyard is perfect for some lawn games & bbq. The other 3 secondary bedrooms are located away from primary bedroom, & each has ceiling fans & spacious closets. Community has walking trail around a pond, park & playground. Near lots of retail, shopping, schools, 75.

Investor Tools

Property Icon
$527,581
Estimated Property Value
$0Estimated Mortgage Balance
$343,541Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,165 /month
Positive
Cash Flow Estimate:
$1,055 /month

Interested in this property?

Kelley Liu

ERA Empower Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,028/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,695
$527,581
2025
$155,000
$372,581
$527,581
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,695
$527,581

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$205,900
No
First
Nov 19, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,040
$343,541
65%
35%
$1,235/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,660/mo
+$1,690/mo
7.6%

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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1815 Drake Drive | Property Details | No Agent List