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$335,000

NAL Estimated Property Value

3420 Approach Ln, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,708 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.86 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,405 sqft

Building Information

Year Built2007
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR259140
Lot Number6
SubdivisionWellington Trace Ph 1
Land UseResidential
Legal DescriptionWELLINGTON TRACE PH 1 BLK C LOT 6
Census Tract020115
Assessed Land Value$81,455
Assessed Improvement Value$215,162
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED, SUBMIT HIGHEST & BEST BY 12:00 PM MONDAY 12.13.2021. Adorable home in the popular Wellington Trace Community of Little Elm just a short distance from Lake Lewisville. Open concept floorplan with 3 Bedrooms & a sizable Private Office Space. 2 spacious Living Rooms offering plenty of space for everyday living & entertaining. The Kitchen & Dining areas are well appointed with bright windows, a Breakfast Bar & access to the back Patio. The Split Bedroom layout provides a separate Master Bedroom with En-Suite Bathroom & 2 additional Bedrooms with a shared full Bathroom. The Exterior of the home features fresh paint & a covered patio overlooking the large grassy fenced backyard.

Investor Tools

Property Icon
$335,000
Estimated Property Value
$223,846Estimated Mortgage Balance
$111,154Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$711/month
$180/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,860
$296,617
2025
$81,455
$215,162
$296,617
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,860
$296,617

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$243,750
No
First
Jan 14, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$223,846
$111,154
33%
67%
$1,462/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,642/mo
+$1,228/mo
10.3%

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: Little Elm

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3420 Approach Ln | Property Details | No Agent List