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$497,508

NAL Estimated Property Value

2232 Ellis Dr, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,980 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.9 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCeramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size7,993 sqft

Building Information

Year Built1992
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR165193
Lot Number16
SubdivisionHighland Oaks
Land UseResidential
Legal DescriptionHIGHLAND OAKS BLK 3 LOT 16
Census Tract021725
Assessed Land Value$101,282
Assessed Improvement Value$396,226
Assessment Year2025

About this property

Welcome to this beautifully updated home in the heart of Flower Mound! Situated on a quiet street, this 3-bedroom, 2 and a half bathroom property offers an open and inviting floor plan perfect for both daily living and entertaining. The spacious living room features high ceilings and abundant natural light, flowing seamlessly into the dining area and kitchen. The kitchen is equipped with modern appliances, ample cabinetry, and a cozy breakfast nook. The primary suite boasts a private ensuite bathroom with dual vanities, a soaking tub, and a separate shower. Two additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a private backyard retreat with a covered patio—ideal for relaxing or hosting summer barbecues. Located within the highly rated Lewisville ISD and just minutes from parks, shopping, dining, and major highways, this home combines comfort, convenience, and value. Don’t miss your chance to call 2232 Ellis Drive home—schedule your showing today!

Investor Tools

Property Icon
$497,508
Estimated Property Value
$414,237Estimated Mortgage Balance
$83,271Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,985 /month
Positive
Cash Flow Estimate:
$995 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$905/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,371
$497,508
2025
$101,282
$396,226
$497,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,371
$497,508

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$418,500
No
First
Oct 22, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$414,237
$83,271
16%
83%
$2,510/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$2,510/mo
+$440/mo
7.1%

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: Flower Mound

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2232 Ellis Dr | Property Details | No Agent List