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$850,000

297 Waters Edge Drive, Argyle, TX, 76226

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,158 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$269.16 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Water Heater, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Vented Exhaust Fan, Wine Cooler
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,476 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR748234
Lot Number26
SubdivisionWaterbrook Phase One
Land UseResidential
Legal DescriptionWATERBROOK PHASE ONE BLK H LOT 26
Census Tract020315
Assessed Land Value$148,086
Assessed Improvement Value$726,914
Assessment Year2025

About this property

WELCOME TO 297 WATERS EDGE DRIVE IN ARGYLE! THIS STUNNING ONE STORY BEAUTY IS LOCATED IN THE WATERBROOK COMMUNITY AND BACKS TO A SERENE GREENBELT*THERE ARE VIEWS OF THE POND, NO BACKYARD NEIGHBORS*PRIVACY ABOUNDS*THERE IS A CATCH AND RELEASE PROGRAM AS PART OF THE AMENITIES*ENJOY MILES OF JOGGING & BIKE TRAILS*ARGYLE ISD*BUILT IN 2022 BY COVENTRY HOMES, THE CROCKETT PLAN*WARRANTY IS STILL IN PLACE*AVERAGE BILLING KEEPS THE UTILITY BILLS LOW, AVERAGE ELECTRIC BILL IS $130-$140 A MONTH, WATER IS $140 AVERAGE, DEPENDING ON USE, THE GAS BILL AVERAGES $90 A MONTH*SMART HOME FEATURES ALLOW YOU TO ACCESS THE LIGHTS, ALARM, DOOR, GARAGE DOORS & THERMOSTAT WITH APPS*THE ROOF IS 2-3 YEAR OLD*THIS HOME SHOWS LIKE NEW AND IS IN TIP TOP SHAPE*THE HOA IS $1750 PER YEAR AND COVERS FRONT YARD MAINTAINANCE*WHITE OAK ENGINEERED FLOORING IS FEATURED THROUGH MOST OF THE HOME*THE KITCHEN IS EQUIPPED WITH STAINLESS STEEL WHIRLPOOL APPLIANCES, CUSTOM 42 INCH CABINETRY, COFFEE BAR, 12 X 4 ISLAND, GRANITE COUNTERS, SOFT CLOSE CABINETRY, CONVECTION OVEN, 5 BURNER GAS COOKTOP AND DEEP DRAWERS*THE DINING AREA IS ADJACENT TO THE LIVING & KITCHEN AND CAPTURES VIEWS OF THE BACKYARD,GREENBELT & POND*THE LIVING ROOM BOASTS A COZY FIREPLACE WITH BLACK MARBLE SURROUND AND A GAS STARTER*A WALL OF WINDOWS IN THE LIVING OFFERS GREAT VIEWS OF THE YARD, GREENBELT & POND AS WELL*DON’T MISS THE OFFICE & GAME ROOM ADJACENT TO THE IN LAW SUITE*THE GAME ROOM IS ALSO A FLEX ROOM THAT COULD SERVE AS A 2ND OFFICE, PLAYROOM, EXERCISE ROOM, CRAFT ROOM OR MEDIA ROOM*THE PRIMARY SUITE FEATURES A SOAKING TUB, SEPARATE SHOWER, CURVED WALL OF WINDOWS, WALK IN CLOSET AND ACCESS TO THE LAUNDRY ROOM THROUGH THE CLOSET*ADDITIONAL FEATURES INCLUDE THE UTILITY ROOM, MUD ROOM AND 3 CAR GARAGE WITH EPOXY FLOORING*PROPERTY IS LOCATED OFF FRENCH TOWN ROAD, CLOSE TO SHOPPING AND DINING*QUICK ACCESS TO HWY 377* SEE THE 360 TOUR, FLOOR PLANS AND DRONE VIDEO SET TO MUSIC*THE AMENITIES & FEATURES LIST IS POSTED ON NTREIS DOCUMENTS

Investor Tools

$754,249Estimated Mortgage Balance
$120,751Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

Interested in this property?

Sharon Hodnett

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,868/month
$1,750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,039
$875,000
2025
$148,086
$726,914
$875,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$18,039
$875,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$806,544
Yes
First
Dec 20, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$754,249
$120,751
13%
86%
$4,836/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$6,586/mo
$-2,726/mo
5.3%

City: Argyle

297 Waters Edge Drive | Property Details | No Agent List