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$453,000

NAL Estimated Property Value

2705 Colorado Dr, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,530 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.98 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size7,414 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR310940
Lot Number9
SubdivisionShahan Lakeview Addn Ph 1
Land UseResidential
Legal DescriptionSHAHAN LAKEVIEW ADDN PH 1 BLK B LOT 9
Census Tract020130
Assessed Land Value$114,468
Assessed Improvement Value$316,283
Assessment Year2025

About this property

Offering $5000 towards closing costs if buyers uses preferred lender! Step into your dream home! This beautifully upgraded 1.5-story gem is located on a prime corner lot just moments away from the serene Lake Lewisville and the rapidly growing downtown of Little Elm. Step inside to find brand-new luxury vinyl plank (LVP) flooring, fresh paint, and elegant crown molding throughout, complemented by a new upgraded Class 4 roof for added durability. The heart of the home is the modern kitchen, featuring gleaming granite countertops, herringbone tile backsplash, and stainless steel appliances. A spacious walk-in pantry, large island, and dedicated coffee bar area enhance the kitchen’s appeal, perfect for your morning rituals. The open floor plan is bathed in natural light, creating a welcoming atmosphere throughout with a spacious living room perfect for gatherings. All bedrooms are conveniently located on the first floor, while the upstairs offers a versatile media room and a full bath, providing endless possibilities for entertainment or additional living space. Outside, the extended back patio serves as an ideal retreat for outdoor entertaining or enjoying peaceful moments in the fresh air. Situated in a vibrant community with fantastic amenities—including a sparkling pool, park, and fun-filled playground—this home promises comfort and endless enjoyment.

Investor Tools

Property Icon
$453,000
Estimated Property Value
$290,134Estimated Mortgage Balance
$162,866Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$914/month
$351/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,699
$430,751
2025
$114,468
$316,283
$430,751
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,699
$430,751

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$291,620
Yes
First
Sep 27, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,134
$162,866
35%
64%
$1,990/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$2,341/mo
+$1,409/mo
9.9%

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: Little Elm

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2705 Colorado Dr | Property Details | No Agent List