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$470,000

$480,000

2424 Preakness Pl, Celina, TX, 75009

On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,261 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.87 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Microwave, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size6,098 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-11392-0BB-0020-1
Lot Number2
SubdivisionMustang Lakes Phase 2a (Ccl)
Land UseResidential
Legal DescriptionMUSTANG LAKES PHASE 2A (CCL), BLK BB, LOT 2
Census Tract030307
Assessed Land Value$165,000
Assessed Improvement Value$418,851
Assessment Year2025

About this property

An incredible opportunity to enjoy the sought-after lifestyle of Mustang Lakes at an affordable price point. This thoughtfully designed one-story home offers 4 bedrooms and 3 full bathrooms with a functional layout perfect for everyday living and entertaining. The open-concept floor plan creates a welcoming space, anchored by a cozy gas fireplace and rich wood flooring that flows through the main living areas. The kitchen features granite countertops, ample cabinetry, and a large kitchen island with bar seating, seamlessly connecting to the living and dining areas for easy gathering. One of the standout features of this home is that, along with the primary bedroom, there is an ADDITIONAL bedroom with its own full ensuite bath, making it an ideal setup for guests, extended family. There is also a designated home office. This smart split-bedroom floor plan ensures privacy for everyone — ideal for multigenerational living, hosting long-term guests, or creating a comfortable home office flex space. Step outside to enjoy the oversized backyard and covered patio, offering plenty of room to relax, entertain, or create your own outdoor retreat. Located in the highly desirable Mustang Lakes community, residents enjoy resort-style amenities, beautiful green spaces, and a vibrant neighborhood atmosphere. The Elementary School is within walking distance, the HS is zoned for Walnut Grove and the Middle School will be zoned for the new Bridges Middle school! A fantastic chance to own a single-story home with space, flexibility, and access to one of North Texas' most loved communities.

Investor Tools

$394,668Estimated Mortgage Balance
$190,663Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,503 /month
Positive
Cash Flow Estimate:
$1,168 /month

Interested in this property?

Tami Burnett

Keller Williams Prosper Celina

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$862/month
$162/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,424
$583,851
2025
$165,000
$418,851
$583,851
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,424
$583,851

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Priority Home Mortgage Lp
Conventional
$319,362
No
First
Jul 29, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$394,668
$189,183
32%
68%
$2,581/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,480/mo
$2,743/mo
+$737/mo
7.2%

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: Celina

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