Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View

$288,613

315 Shiplap Ln, Royse City, TX, 75189

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

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

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
$265,860Estimated Mortgage Balance
$29,846Estimated Equity
8% 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

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

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%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Royse City

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

315 Shiplap Ln | Property Details | No Agent List