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$825,000

4016 New Hope Ct, Plano, TX, 75024

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,345 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.87 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-4943-00D-0110-1
Lot Number11
SubdivisionHickory Ridge (Cpl)
Land UseResidential
Legal DescriptionHICKORY RIDGE (CPL), BLK D, LOT 11
Census Tract031661
Assessed Land Value$185,000
Assessed Improvement Value$630,430
Assessment Year2025

About this property

This sophisticated home is nestled in Plano's highly desirable Hickory Ridge Addition. Design details in this open concept space include soaring vaulted ceilings, elegant millwork, hand scraped hardwood floors, two story great room with fireplace and built ins, upgraded fixtures and finishes. Luxurious main level owner’s retreat features a walk in closet and en suite with dual and seated vanities, corner tub, step in shower. This home is an entertainer's dream; upstairs, discover a versatile game room with homework zone and secondary living space along with a fabulous home theater, perfect for game days or movie nights. The privacy fenced backyard features an open terrace and greenspace, ideal for outdoor entertaining and activities. Walking distance to Borchardt Elementary and zoned for Frisco ISD, you’re near the community pool, Buzz Rasor Park and scenic hiking and biking trails. Enjoy easy access to nearby major thoroughfares, great shopping and dining. New roof installed in 2023!

Investor Tools

Property Icon
$815,430
Estimated Property Value
$850,000Estimated Mortgage Balance
$9,443Estimated Equity
-4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,950 /month
Positive
Cash Flow Estimate:
$1,650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,313/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,682
$815,430
2025
$185,000
$630,430
$815,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,682
$815,430

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bankmd
Commercial
$850,000
No
First
Jul 14, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$805,987
$9,443
1%
99%
$5,097/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.

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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: Plano

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4016 New Hope Ct | Property Details | No Agent List