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$387,389

NAL Estimated Property Value

342 Meredith Dr, Fate, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,561 Sq Ft
price_per_sqft$138.62 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesLighting
Lot Size6,534 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APNS5363-000U-0010-00-0R
Lot Number10
SubdivisionWoodcreek Mud 9 Phase 9d-1
Land UseResidential
Legal DescriptionWOODCREEK MUD 9 PHASE 9D-1, BLOCK U, LOT 10
Census Tract040407
Assessed Land Value$85,000
Assessed Improvement Value$302,389
Assessment Year2025

About this property

SELLER IS OFFERING A REDUCED INTEREST RATE! Spacious & smart-enabled home in prime location. beautifully designed, tech-savvy home offers both modern convenience and timeless comfort. With four bedrooms plus a dedicated office, this home is thoughtfully laid out for both productivity and relaxation. The first-floor primary suite provides a private retreat, while the second floor boasts three spacious bedrooms with a game room in between—perfect for entertaining or family living. The office is a standout, featuring built-in shelving and wired ethernet for high-speed connectivity. Throughout the home, there are wired access points for seamless internet performance, and it's hardwired for security for added peace of mind. A fire ladder in the first upstairs bedroom enhances fire safety. Designed for effortless living, this home includes smart appliances, a WiFi-enabled garage door, and a Rain Bird WiFi-capable sprinkler system. If you've ever wondered if you forgot to leave your garage door down - no problem. The WiFi garage door will tell you. If you want to start the oven when you're coming home from work, your smart appliances can start for you. It's a lifestyle meant to make life just a little easier. The chef’s kitchen features a 5-burner gas range, large kitchen island, and three ovens, making meal time efficient and enjoyable. Outside, enjoy a rear, oversized, covered patio overlooking a spacious, 6,500sf backyard. HOA amenities including three pools (one just half a block away), two dog parks, and highly walkable schools—with a brand-new high school on the way. AT&T fiber, COAX cable access, and pre-wiring for CAT6, surround sound, TV outlets, this home blends connectivity, comfort, and community. Located in a north-facing position, the home sits on the same electric grid as the water pump station, meaning faster power restoration during outages. This house comes with a REDUCED RATE as low as 5.75% (APR 6.278%) as of June 4, 2025 through List & Lock.

Investor Tools

Property Icon
$387,389
Estimated Property Value
$341,082Estimated Mortgage Balance
$46,307Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,324 /month
Positive
Cash Flow Estimate:
$775 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$867/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,469
$387,389
2025
$85,000
$302,389
$387,389
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,469
$387,389

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Canopy Mortgage Llc
Fha
$345,624
Yes
First
Aug 12, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,082
$46,307
11%
88%
$2,073/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,433/mo
+$577/mo
9.3%

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: Fate

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342 Meredith Dr | Property Details | No Agent List