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$593,000

NAL Estimated Property Value

3021 Colorado Drive, Little Elm, TX, 75068

Off MarketInfo
LeaseInfo
Beds4 Beds
Baths3 Bath
Baths2,934 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven

Exterior

Lot Size14,384 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR310977
Lot Number37
SubdivisionShahan Lakeview Addn Ph 1
Land UseResidential
Legal DescriptionSHAHAN LAKEVIEW ADDN PH 1 BLK C LOT 37
Census Tract020130
Assessed Land Value$144,953
Assessed Improvement Value$380,331
Assessment Year2025

About this property

Located on a rare oversized 0.33-acre corner lot, this 4-bedroom, 3-bath home offers the perfect combination of space, flexibility, and outdoor living—complete with a pool and spa. Recent upgrades include a newer roof and an epoxy-coated garage floor for a clean, modern finish. The functional layout features a secondary bedroom on the main floor with a full bath nearby, ideal for guests, multi-generational living, or a private home office. The interior is bright and inviting, with updated light fixtures, freshly painted kitchen cabinets, and convenient under-stair storage. Upstairs, you’ll find a spacious media room along with an additional living or game room, providing plenty of room to relax or entertain. The backyard is designed for enjoyment, featuring an extended concrete area next to the pool and pre-installed conduit for future electric and water, along with a gas line ready for an outdoor grill—perfect for creating your own outdoor kitchen or lounge space. Conveniently located in Little Elm with easy access to dining, entertainment, and lakeside activities, this home is a great rental opportunity offering comfort, space, and lifestyle.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,880
$525,284
2025
$144,953
$380,331
$525,284
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,880
$525,284

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$305,000
No
First
Mar 1, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,086
$299,914
50%
49%
$1,829/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,829/mo
+$1,921/mo
7.6%

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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