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$345,000

3508 Rio Grande Rd, Little Elm, TX, 75068

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,689 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.26 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,874 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR311099
Lot Number3
SubdivisionShahan Lakeview Addn Ph 1
Land UseResidential
Legal DescriptionSHAHAN LAKEVIEW ADDN PH 1 BLK L LOT 3
Census Tract020130
Assessed Land Value$112,109
Assessed Improvement Value$268,883
Assessment Year2025

About this property

ASSUMABLE LOAN AVAILABLE....FRESH NEW PAINT IN HOME...ALL APPLIANCES ARE INCLUDED IN SALE OF HOME!! Come see this charming single story home in incredible community of Shahan Lakeview priced at a great value! This beauty offers an excellent open floor plan with 3 oversized bedrooms, 2 full baths, and a large backyard for entertaining with incredible views of the city! The kitchen has stainless steel appliances, including a gas range, microwave, and a large island with lots of cabinets + storage. This home has a spacious living room that is open to the dining area and kitchen, providing seamless and convenient living. The primary bedroom has an ensuite bathroom with dual sinks and a large walk-in shower. Nice large walk in closet with plenty of room for storing all your wardrobe needs and more. Enjoy amazing sunsets from this expansive backyard, that is perfect for creating the retreat you envision! The home is conveniently close to Little Elm ISD schools, community park, restaurants and new retail! Don't miss this rare opportunity to call this home your own!!

Investor Tools

$207,146Estimated Mortgage Balance
$173,846Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

Everett Shell

Everett Shell & Assoc. Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$956/month
$193/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,562
$380,992
2025
$112,109
$268,883
$380,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,562
$380,992

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$227,703
Yes
First
Aug 23, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,146
$173,846
45%
54%
$1,366/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,559/mo
+$1,311/mo
9.0%

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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3508 Rio Grande Rd | Property Details | No Agent List