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$311,000

400 Sheriff Avenue, Little Elm, TX, 75068

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.16 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating GasHeating Gas
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Lot Size11,282 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces144

Land Information

APNR173550
SubdivisionB.C. Shahan
Land UseResidential
Legal DescriptionA1169A B.C. SHAHAN, TR 43A, .259 ACRES
Census Tract020115
Assessed Land Value$165,128
Assessed Improvement Value$66,201
Assessment Year2025

About this property

Great location near the lake! Main home is 2 bedroom, 2 bathroom. Separate guest quarters with kitchenette, full bathroom & bedroom. Ideal for mult-generational living! No HOA and easy access to tollbridge to get to I-35. Buyer and buyer's agent to confirm schools, dimensions, sq footage, etc. This property is eligible under the First Look Initiative which expires after 20 full days on market. No investor offers until first look period expires. No offers regardless of buyer type will not be negotiated within the first 7 days of listing. No Sellers Disclosure or Survey- Buyer responsibility if needed. Hold Harmless required for all showings. AGENTS: email for quickest response to listing team.

Investor Tools

Property Icon
$311,000
Estimated Property Value
$0Estimated Mortgage Balance
$145,085Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,866 /month
Positive
Cash Flow Estimate:
$622 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,123
$231,329
2025
$165,128
$66,201
$231,329
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,123
$231,329

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Heritage National Bank
Purchase Money Mortgage
$180,000
No
First
Mar 18, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,915
$145,085
46%
53%
$1,080/mo

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.

Explore Texas Explore This Area
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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400 Sheriff Avenue | Property Details | No Agent List