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$649,000

345 Elk Drive, Fate, TX, 75189

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,141 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.62 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,276 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNS3551-000C-0006-00-0R
Lot Number6
Land UseResidential
Legal DescriptionEDGEWATER PHASE 1, BLOCK C, LOT 6
Census Tract040409
Assessed Land Value$126,000
Assessed Improvement Value$466,415
Assessment Year2025

About this property

Over $60K+ in high-end designer upgrades have transformed this property into a clean, modern, luxury living experience. From the moment you walk in, you feel the difference—white oak hardwood flooring runs throughout the entire home, replacing all carpet, paired with a fully repainted interior in a crisp, timeless white palette. The staircase has been elevated into a statement piece with custom LED motion lighting, while five thoughtfully designed accent walls add depth and character across the main living areas, including the great room, staircase, and media space. The kitchen has been completely reimagined with custom-painted cabinetry inside and out, upgraded with premium Jeffrey Alexander hardware, and anchored by high-end GE Café appliances, including a matching white refrigerator—blending function with a refined, cohesive aesthetic. Bathrooms have been taken to the next level with two fully remodeled spaces featuring marble and porcelain finishes, custom glass-enclosed showers, upgraded hardware, and LED-lit vanity mirrors that deliver a true spa-like feel. Every detail was considered—brand new designer light fixtures, custom chandeliers, and high-end Ferguson ceiling fans have been installed throughout the entire home, creating a consistent elevated finish from room to room. To complete the experience, custom roller shades have been installed throughout, with blackout options in bedrooms and light-filtering shades in main living areas for both comfort and privacy.

Investor Tools

$448,766Estimated Mortgage Balance
$143,649Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,894 /month
Positive
Cash Flow Estimate:
$1,298 /month

Interested in this property?

Armando Nava

Nava Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,229/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,791
$592,415
2025
$126,000
$466,415
$592,415
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,791
$592,415

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Mortgage Solutions Llc
Conventional
$464,000
No
First
Jul 17, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$448,766
$143,649
24%
76%
$2,782/mo

City: Fate