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$586,000

NAL Estimated Property Value

3501 Washington Dr, Frisco, TX, 75034

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,588 Sq Ft
price_per_sqft$231.84 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave

Exterior

Exterior FeaturesOutdoor Grill
Lot Size6,303 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR237240
Lot Number4
SubdivisionHeritage Lakes Ph 1 & 3
Land UseResidential
Legal DescriptionHERITAGE LAKES PH 1 & 3 BLK T LOT 4
Census Tract021533
Assessed Land Value$126,020
Assessed Improvement Value$436,365
Assessment Year2025

About this property

*****MULTIPLE OFFERS***** Please submit Best and Final Offers by 6-10-2025 at 2:00PM Central Time......Welcome to this beautifully updated 4 bedroom, 2.5 bath home in the highly sought-after, guard-gated Heritage Lakes community! Situated at 3501 Washington Drive in Frisco, this stunning residence offers the perfect blend of modern upgrades and peaceful luxury living. Living in Heritage Lakes Community means enjoying a lifestyle like no other. The resort-style lazy river and pool provide a serene escape for relaxation and family fun. Cabanas, grills and picnic tables are also nearby. Two well-equipped playgrounds and jogging trails offer scenic routes for fitness enthusiasts. Residents have access to top-tier amenities including a beautifully appointed clubhouse which includes a 24 hour fitness facility and offers events for family entertainment, an executive par 3 golf course, and five picturesque lakes ideal for fishing. This spacious home features updated flooring throughout the first floor and brand-new carpeting upstairs, providing a fresh and inviting atmosphere. Modern fixtures have been thoughtfully installed throughout, adding a sleek, contemporary touch to every room. The exterior boasts fresh, professional landscaping in the front yard, enhancing curb appeal from the moment you arrive. Step into your private backyard oasis, complete with a built-in gas grill and a custom putting green—ideal for both entertaining and everyday convenience. Easily enter the rear garage through an automatic swing gate. Don’t miss this opportunity to own a move-in ready home in one of Frisco’s premier gated communities. Schedule your private showing today and experience the best of Heritage Lakes living!

Investor Tools

Property Icon
$586,000
Estimated Property Value
$442,748Estimated Mortgage Balance
$143,252Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,600 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$871/month
$2,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,522
$562,385
2025
$126,020
$436,365
$562,385
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,522
$562,385

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$450,000
No
First
Jun 26, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$442,748
$143,252
24%
76%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$5,498/mo
$-2,148/mo
6.9%

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: Frisco

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3501 Washington Dr | Property Details | No Agent List