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$600,000

241 Raintree Dr, Highland Village, TX, 75077

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,359 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$254.35 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Tankless Water Heater
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Rain Gutters, Private Yard
Lot Size25,199 sqft

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR87349
Lot Number18,19
SubdivisionMontclair Estates Sec 2
Land UseResidential
Legal DescriptionMONTCLAIR ESTATES SEC 2 BLK L LOT 18,19
Census Tract021513
Assessed Land Value$167,580
Assessed Improvement Value$361,205
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. BEST AND FINAL DUE 7-26 5PM.Beautifully updated 4-bedroom, 3-bath, single-story brick home nestled on a premium .58-acre lot in sought-after Montclair Estates, with NO HOA & an incredible community recreation park just 2 blocks away! Enjoy the amenities without the HOA fees at popular Doubletree Ranch Park, featuring a splash pad, trails, pickleball courts, playground, pond & more. All this, plus award-winning schools & Lake Lewisville less than a mile away! Inside, rich wood floors flow throughout most of this carpet-free home. The grand living room is anchored by a raised-hearth brick fireplace & a wall of windows overlooking the backyard oasis. The kitchen features granite counters, SSA's, a 5-burner gas cooktop, travertine backsplash and abundant cabinetry. A versatile 2nd living area off the foyer easily serves as main dining, office, playroom or flex space, while the sun-filled breakfast room features a tiered ceiling with wood accents & walls of windows. The spacious owner's retreat offers direct patio access, 2 vanities, a large walk-in closet and beautifully updated double shower with porcelain tile surround. Bedrooms 2 & 3 share an updated bath, while a private guest bedroom enjoys access to another fully updated bath. Step outside to your own backyard paradise with a sparkling saltwater pool, sprawling 21x19 covered patio & plenty of room to play, entertain or create an outdoor kitchen. Two attractive sheds add exceptional versatility, including one with mini-split HVAC, a data line and generator hookup with an interlock switch, ideal for a home office, studio, workshop or playhouse. An oversized garage, upgraded 200-amp electrical service and expansive parking pad provide room for multiple vehicles, RV or boat. Exceptional space, amenities and location, without HOA fees!

Investor Tools

$244,319Estimated Mortgage Balance
$306,180Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$746/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,198
$528,785
2025
$167,580
$361,205
$528,785
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,198
$528,785

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$275,000
No
First
Oct 26, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,319
$326,681
57%
44%
$1,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,200/mo
$1,649/mo
+$1,551/mo
7.0%

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: Highland Village

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