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$449,800

1861 Masters Drive, DeSoto, TX, 75115

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,202 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.19 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters
Lot Size6,871 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APN201038100E0100000
Lot Number10
SubdivisionTownhomes Of Thorntree
Land UseResidential
Legal DescriptionTOWNHOMES OF THORNTREE PH 3 BLK E LT 10 INT202100119921 DD04222021 CO-DC 1038100E01000 4CS1038100E
Census Tract016638
Assessed Land Value$135,000
Assessed Improvement Value$314,800
Assessment Year2025

About this property

A rare opportunity in the Enclave at Thorntree Golf Club! Beautiful views of the golf course greet you upon entering the house. Walk through the home to find large rooms with high ceilings and crown molding as well as a kitchen, dining and living room perfect for entertaining. Escape to the master suite which features a sizable walk-in closet, dual sinks, separate shower, and jetted soaking tub. Head outside to find the epitome of outdoor living; the serenity of the golf course will leave you refreshed on the covered patio that overlooks the 14th fairway. Nestled on a quiet street, this house is perfect for entertaining or a quiet, relaxing day!

Investor Tools

Property Icon
$449,800
Estimated Property Value
$0Estimated Mortgage Balance
$171,833Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,699 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,382
$449,800
2025
$135,000
$314,800
$449,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,382
$449,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Va
$307,923
Yes
First
Apr 22, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,967
$171,833
38%
62%
$1,847/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,610/mo
$2,207/mo
$-597/mo
4.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: DeSoto

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1861 Masters Drive | Property Details | No Agent List