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Days15Days on Market
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$565,000

206 Watson Drive, Allen, TX, 75002

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,649 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.29 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony

Building Information

Year Built1962
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-1116-003-0040-1
Lot Number4
SubdivisionAllenwood Estates #2 (Cal)
Land UseResidential
Legal DescriptionALLENWOOD ESTATES #2 (CAL), BLK 3, LOT 4
Census Tract031511
Assessed Land Value$102,000
Assessed Improvement Value$363,762
Assessment Year2025

About this property

WELCOME TO 206 WATSON DRIVE, ALLEN, TX*LOCATED ON A HEAVILY WOODED LOT IN ALLENWOOD ESTATES*DIVING POOL*CLOSE PROXIMITY TO 75 AND BACKS TO ALLENWOOD PARK*REMODELED & UPDATED KITCHEN*DOWNSTAIRS BATH REMODELED TOO* IN LAW SUITE CONNECTED TO MAIN HOME REMODELED AS WELL*COMPLETE KITCHEN UPDATE, INCLUDING BLACK GRANITE COUNTERS, WHITE 42 INCH SOFT CLOSE CABINETRY, 6 X 3 ISLAND, 6 BURNER GAS SLIDE IN RANGE, CONVECTION OVEN, NEW DISHWASHER 6 MONTHS AGO, STAINLESS APPLIANCES AND LAZY SUSAN*FRIDGE CONVEYS*ENGINEERED HARDWOODS, CARPET & TILE FLOORING*5 TOTAL BEDROOMS, 3 BATHS, ONE LIVING, ONE DINING, 2 CAR GARAGE *DON’T MISS THE CONNECTED REMODELED IN LAW SUITE WHICH SELLERS RENTED OUT ON VRBO FOR $100 A NIGHT AND RENTED FOR 4 MONTHS AT $2000 A MONTH-USE THIS AS EXTRA INCOME TO OFFSET YOUR MONTHLY MORTGAGE PAYMENT! IN LAW SUITE COMPLETELY GUTTED, ALL NEW INSULATION, WIRING, WALLS, FLOORS, TILE SURROUND IN SHOWER, TOILET, DOORS, EFFICIENCY KITCHEN, LIGHT FIXTURES, CEILNG FAN*IN LAW SUITE HAS ONE BEDROOM, ONE BATH, KITCHENETTE AND EAT IN AREA*OVERSIZED SECONDARY BEDROOMS-4 BEDROOMS ON LEVEL 2 OF MAIN HOME*DECK BALCONY IS LOCATED OFF ONE OF THE BEDROOMS*OFFICE OR ALTERNATE BEDROOM ON 2ND LEVEL BY THE STAIRS*REMODELED BATH DOWN WITH QUARTZ COUNTERS, ALL NEW FIXTURES AND GFCI’S*NO HOA*LIVING ROOM FEATURES ENGINEERED FLOORS, SLIDING DOORS TO BACKYARD, CROWN MOLDING AND IS OPEN TO THE KTICHEN & BREAFAST NOOK*ALLEN ISD*BUILT IN 2000*2649 SQ FEET PER ASSESSOR*WINDOWS REPLACED IN 2000*THE LOT SIZE IS .48 AND THE LOT DIMENSION ARE 196 X 47 X 171 X 102*SEE AMENITIES & FEATURES LIST ON NTREIS*SEE 360 TOUR & FLOOR PLANS*SURVEY IS AVAILABLE

Investor Tools

Property Icon
$528,000
Estimated Property Value
$0Estimated Mortgage Balance
$305,490Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,390 /month
Positive
Cash Flow Estimate:
$1,130 /month

Interested in this property?

Sharon Hodnett

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,097
$465,762
2025
$102,000
$363,762
$465,762
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,097
$465,762

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citibank Na
Conventional
$252,000
No
First
May 29, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,510
$305,490
57%
42%
$1,511/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: Allen

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206 Watson Drive | Property Details | No Agent List