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$498,000

$499,000

304 Elizabeth Trl, Murphy, TX, 75094

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,575 Sq Ft
price_per_sqft$193.4 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Microwave

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-4288-00I-0220-1
Lot Number22
SubdivisionWindy Hill Farms Phase 5 (Cmr)
Land UseResidential
Legal DescriptionWINDY HILL FARMS PHASE 5 (CMR), BLK I, LOT 22
Census Tract031327
Assessed Land Value$117,000
Assessed Improvement Value$339,355
Assessment Year2025

About this property

Welcome home to this spacious north-facing 4-bedroom, 2.5-bathroom home offering over 2,500 square feet of living space in one of Murphy’s most desirable areas. With oversized rooms, multiple living and dining areas, and a functional layout, this home provides the perfect setup for both everyday living and entertaining guests. Major updates have already been completed for the next owner, including 2 new AC units, a brand-new roof, fresh interior paint throughout, new stainless steel appliances, and a move-in-ready feel. One of the standout features of this home is the absence of carpet throughout the entire property, offering easy maintenance and a more modern look and feel. The kitchen offers plenty of cabinet and counter space, while the spacious bedrooms provide comfort and flexibility for growing families. The primary suite offers privacy and plenty of room to unwind at the end of the day. Step outside and enjoy the massive Texas-sized backyard with endless possibilities. Whether you envision adding a pool, creating the ultimate outdoor entertaining area, or simply enjoying wide-open space, this backyard offers you the opportunity to make it your own. This home has been strategically priced below current market value, giving buyers a rare opportunity to purchase in a highly sought-after area while still leaving room in the budget for additional cosmetic updates and personalization. Conveniently located near shopping, dining, parks, and highly rated schools, this home combines location, value, and opportunity all in one package.

Investor Tools

$65,842Estimated Mortgage Balance
$444,675Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

Interested in this property?

Jason Kaufman

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$693/month
$790/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,760
$456,355
2025
$117,000
$339,355
$456,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,760
$456,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Credit Line (Revolving) / Heloc
$100,000
No
First
Oct 12, 2011
Oct 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$65,842
$444,158
87%
13%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,390/mo
+$2,470/mo
9.1%

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: Murphy

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304 Elizabeth Trl | Property Details | No Agent List