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$1,400,000

$1,499,900

1970 Mary Lee Ln, Lucas, TX, 75002

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths4,563 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$306.82 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal

Exterior

Private PoolPrivate Pool
Lot Size2.01 acres

Building Information

Year Built1998
Stories2
Garage Spaces3

Land Information

APNR-3722-005-0010-1
Lot Number1
SubdivisionForest Creek Estates (Clu)
Land UseResidential
Legal DescriptionFOREST CREEK ESTATES (CLU), BLK 5, LOT 1
Census Tract031419
Assessed Land Value$933,255
Assessed Improvement Value$506,821
Assessment Year2025

About this property

Perfectly positioned on one of the most breathtaking 2-acre creek lots in the highly sought-after Forest Creek Estates community, this beautifully crafted custom home offers a rare opportunity to own an exceptional property in award-winning Lovejoy ISD. Surrounded by towering mature trees and overlooking a peaceful creek, this extraordinary setting simply cannot be recreated. Inside, exceptional craftsmanship shines with gorgeous hand-scraped hardwood floors, soaring ceilings, abundant natural light, and two spectacular floor-to-ceiling stone fireplaces that create a warm, inviting atmosphere. The spacious floorplan offers multiple living areas, seamless backyard views, and quality construction that defines a true custom home. The kitchen opens to the family room and features granite countertops, generous cabinetry, a large island, and abundant space for everyday living and entertaining. The flexible split-bedroom floorplan includes two bedrooms on the first floor, with a private guest suite and full bath ideal for multi-generational living, guests, or a mother-in-law suite. Upstairs offers additional bedrooms and flexible living space. Step outside to an expansive entertaining deck overlooking the sparkling pool, towering hardwood trees, and tranquil creek beyond. Whether hosting family and friends or enjoying a quiet morning coffee, this private backyard retreat offers a level of peace and privacy that is increasingly rare. Forest Creek Estates is one of Lucas' most desirable custom home communities, offering oversized acreage homesites, mature trees, and an unbeatable location within Lovejoy ISD just minutes from Allen and Fairview. While cosmetic finishes can always be personalized, opportunities to own a private 2-acre creek lot with towering trees in this established neighborhood are incredibly rare. The exceptional craftsmanship, timeless character, and irreplaceable setting make this a home you'll treasure for years to come.

Investor Tools

$715,436Estimated Mortgage Balance
$772,306Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,910 /month
Positive
Cash Flow Estimate:
$2,970 /month

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Lindsay Taylor

Lindsay Taylor Real Estate Gro

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,122/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,036
$1,440,076
2025
$933,255
$506,821
$1,440,076
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,036
$1,440,076

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Viewpoint Bank
Credit Line (Revolving) / Heloc
$60,000
No
First
May 24, 2007
Jun 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$715,436
$724,640
50%
48%
$4,714/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$4,714/mo
$-1,364/mo
2.7%

City: Lucas

1970 Mary Lee Ln | Property Details | No Agent List