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$470,000

3324 Discovery Dr, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,687 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.92 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size17,642 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR697394
Lot Number18
SubdivisionWildridge Phase 2b
Land UseResidential
Legal DescriptionWILDRIDGE PHASE 2B BLK J LOT 18
Census Tract020130
Assessed Land Value$182,183
Assessed Improvement Value$399,207
Assessment Year2025

About this property

INVESTMENT OPPORTUNITY. SELLERS ARE MOTIVATED: Priced well below Market Value, this spacious, open concept American Legend built home is located in the highly desirable Wildridge Subdivision. At .40 Acres, this home is situated on an interior lot offering one of the largest if not the largest back yards in the area. It will be difficult to find a larger lot in the area. Featuring an open concept, and high ceilings, this home offers stainless steel appliances, large kitchen island, gas cook top, Granite counter tops, large family room, large game room and a study. The Owners Suite provides a large bathroom with walk-in closet, separate sinks and Garden tub. Enjoy your fenced in back yard on your large, covered patio or take a short walk to the community pool with kids pool and large park and playground. Foundation was recently assessed by Structured Foundation and no work is recommended.

Investor Tools

Property Icon
$581,390
Estimated Property Value
$427,500Estimated Mortgage Balance
$178,102Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,488 /month
Positive
Cash Flow Estimate:
$1,163 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,203/month
$294/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,530
$581,390
2025
$182,183
$399,207
$581,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,530
$581,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Unknown
$427,500
No
First
Apr 7, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$403,288
$178,102
30%
69%
$2,564/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,858/mo
+$12/mo
5.9%

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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