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$300,000

2812 Spencer Cir, Royse City, TX, 75189

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,897 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.14 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size7,187 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN5336-000C-0032-00-0R
Lot Number32
SubdivisionWoodland Creek Phase 1
Land UseResidential
Legal DescriptionWOODLAND CREEK PHASE 1, BLOCK C, LOT 32
Census Tract040411
Assessed Land Value$104,500
Assessed Improvement Value$173,600
Assessment Year2025

About this property

Lovely home in Royse City, limited number of homes available that back up to Fort Elementary School that do not come on the market often. This spacious 3 bedroom, 2 bathroom, 2 car garage house with an office or flex room make a great place to call home. The office was used as a media room and now a school room. A couple of features that make this a unique home is the paid off solar panels, board on board fence with a gate that opens to Fort Elementary, and outdoor living space. Every year this family added or upgraded some part of the home. Do not miss this home! Convenient to schools, restaurants, shopping, and I 30. Also available for sale is 2804 Spencer Circle, coming soon to MLS. Price adjustment due to human listing agent error.

Investor Tools

$147,835Estimated Mortgage Balance
$130,265Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Jeff Bankhead

Williams Trew Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,378
$278,100
2025
$104,500
$173,600
$278,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,378
$278,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$166,400
No
First
Nov 2, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,835
$130,265
46%
53%
$998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$1,098/mo
+$1,472/mo
11.1%

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.

Explore Texas Explore This Area
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: Royse City

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