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$397,000

2821 Chelsea Ln, Flower Mound, TX, 75028

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,598 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.56 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size6,865 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR85769
Lot Number6
SubdivisionWestchester-Flower Mound 2
Land UseResidential
Legal DescriptionWESTCHESTER-FLOWER MOUND 2 BLK I LOT 6
Census Tract021748
Assessed Land Value$73,831
Assessed Improvement Value$253,169
Assessment Year2025

About this property

Welcome home to this super cute, very well maintained, updated single story home, in very desireable Flower Mound. This property feeds to exemplary Flower Mound schools, walking&bike paths, park and playground. This welcoming property features 3 bedrooms to include a very sizeable master, 2 full baths, 2 eating areas, office flex room, grand family room with beautiful statement fireplace. Private backyard with 8 foot privacy fence. Great 8 by 12 storage building as well.

Investor Tools

Property Icon
$397,000
Estimated Property Value
$289,987Estimated Mortgage Balance
$122,028Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$507/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,104
$327,000
2025
$73,831
$253,169
$327,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,104
$327,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Fha
$289,987
Yes
First
Jul 26, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$274,972
$122,028
30%
69%
$1,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,950/mo
$1,739/mo
+$1,211/mo
8.9%

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: Flower Mound

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2821 Chelsea Ln | Property Details | No Agent List