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$354,000

NAL Estimated Property Value

1824 Lake Grove Dr, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,602 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.25 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Lot Size6,447 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR963946
Lot Number7
SubdivisionNorthlake Estates Phase 2
Land UseResidential
Legal DescriptionNORTHLAKE ESTATES PHASE 2 BLK S LOT 7
Census Tract020136
Assessed Land Value$101,152
Assessed Improvement Value$252,848
Assessment Year2025

About this property

*** $500 OFF YOUR DECEMBER 2022 RENT, with approved application and move-in by December 1 *** OPEN HOUSE on SUNDAY, 11.20.22, 2:00 - 4:00 PM *** BEAUTIFUL BRAND-NEW HOME! *** You can be the first to enjoy living in this brand-new Lennar home, a Mozart model, in beautiful Northlake Estates. This master planned community includes onsite amenities such as a community pool with cabanas, walking trails, playgrounds and large green parks. Enjoy a great location close to outdoor recreation at nearby Little Elm Beach & Lewisville Lake. There is a very nicely sized backyard surrounded by a newly built and freshly stained wooden fence. Schools are within comfortable walking distance. Nearby shopping, dining and entertainment galore! Sorry, this is a NO PETS property. Good credit is a must. Agents, please review our Tenant Criteria information with your clients prior to showing.

Investor Tools

Property Icon
$354,000
Estimated Property Value
$272,076Estimated Mortgage Balance
$81,924Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,124 /month
Positive
Cash Flow Estimate:
$708 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$796/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,780
$354,000
2025
$101,152
$252,848
$354,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,780
$354,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$292,500
No
First
Aug 29, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,076
$81,924
23%
77%
$1,754/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,754/mo
+$1,996/mo
12.7%

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.

Explore Texas Explore This Area
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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1824 Lake Grove Dr | Property Details | No Agent List