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Owner Contacts

$500,000

3505 Louis Dr, Plano, TX, 75023

$643,018 ARV

Off Market

4 Beds

3 Bath

3,152 Sq Ft

Single Family Residence

$158.63 / sqft

Built in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave

FlooringCarpet, Tile

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built1986

Stories1

Roof Type105

Garage Spaces2

Land Information

APNR-1774-001-0500-1

Lot Number50

SubdivisionForest Creek Estates Phase Ii (Cpl)

Land UseResidential

Legal DescriptionFOREST CREEK ESTATES PHASE II (CPL), BLK A, LOT 50

Census Tract031636

Assessed Land Value$160,000

Assessed Improvement Value$446,480

Assessment Year2025

About this property

MULTIPLE OFFERS REC'D DEADLINE FOR HIGHEST & BEST IS MONDAY, May 23 at 6 PM! Don't miss this RARE opportunity to get into highly sought-after Forest Creek Estates on one of the prettiest culdesac streets with the nicest neighbors and all at an INCREDIBLE PRICE! ORIGINAL OWNER has lovingly maintained this RC Fisher Custom and it shows! Priced to allow a new owner to make their own design choices or just MOVE in and enjoy! Updates include: freshly painted interior; carpet + ceramic tile replaced 2021; stainless appliances; electrical panel replaced 2020. Wonderful CUSTOM features include picture frame paneling; cathedral beamed ceilings in both living areas; multiple skylights flood the living spaces with natural light; leaded glass windows ;commanding floor to ceiling brick fireplace! Owner's Suite is on back of the home for privacy and 4th bedroom split for privacy! POOL SIZED BACKYARD! Forest Creek is a Platinum level BEST NEIGHBORHOOD in PLANO!

Investor Tools

$671,000

Estimated Property Value

$556,750Estimated Mortgage Balance

$154,992Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$643,017

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,026 /month

Positive

Cash Flow Estimate:

$1,342 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$984/month

$200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,458

$606,480

2025

$160,000

$446,480

$606,480

Tax History

Year

Tax Paid

Assessed Value

2024

$8,458

$606,480

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Synergy Mortgage Llc

Conventional

$556,750

First

Jun 14, 2022

Jul 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$516,008

$154,992

23%

77%

$3,338/mo

Learn About the Market: Opportunity in Texas

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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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