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$288,613

NAL Estimated Property Value

315 Shiplap Ln, Royse City, TX, 75189

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,891 Sq Ft
price_per_sqft$142.78 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Disposal, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size7,929 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11715-00E-0250-1
Lot Number25
SubdivisionMagnolia Phase 1 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 1 (GCN), BLK E, LOT 25
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$208,613
Assessment Year2025

About this property

Solar panel system will be free and clear at possession. NO LEASE. Nestled in a serene neighborhood, this exquisite home blends modern amenities with classic charm.The moment you step inside, you're greeted by elegant ceramic flooring that flows through the main living areas, while plush carpeting in the bedrooms provides a cozy retreat. The large combined living and dining area offers ample space for gatherings, bathed in natural light that filters through the eyebrow arched hallway transitions, adding a touch of architectural sophistication.The kitchen features stunning stone countertops and natural wood cabinets that exude warmth and style. Sustainability meets luxury with the inclusion of state-of-the-art solar panels, ensuring energy efficiency and reduced utility costs. Outside, the spacious backyard beckons for outdoor relaxation and entertaining, making it the perfect haven for families and friends. This home is a harmonious blend of comfort, elegance, and eco-friendly living.

Investor Tools

Property Icon
$288,613
Estimated Property Value
$258,767Estimated Mortgage Balance
$29,846Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,732 /month
Positive
Cash Flow Estimate:
$577 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$720/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,196
$288,613
2025
$80,000
$208,613
$288,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,196
$288,613

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rusty W Allen
Unknown
$265,860
No
First
Nov 22, 2024
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,767
$29,846
10%
90%
$1,594/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,844/mo
+$1,506/mo
13.9%

City: Royse City

315 Shiplap Ln | Property Details | No Agent List