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$428,000

NAL Estimated Property Value

407 Lakefield Drive, Murphy, TX, 75094

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,790 Sq Ft
price_per_sqft$156.37 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Building Information

Year Built2001
Stories1
Garage Spaces2

Land Information

APNR-4056-00L-0130-1
Lot Number13
SubdivisionGlen Ridge Estates - Phase Iii (Cmr)
Land UseResidential
Legal DescriptionGLEN RIDGE ESTATES - PHASE III (CMR), BLK L, LOT 13
Census Tract031328
Assessed Land Value$130,000
Assessed Improvement Value$283,640
Assessment Year2025

About this property

Well maintained home located in the quiet Glen Ridge community featuring Plano schools, community park & pool. Bright open floorplan with lots of natural sunlight, formal dining, split bedroom floorplan. Master bath features garden tub, separate shower, huge walk in closet and double sinks. Kitchen boasts breakfast bar, island, gas cooktop, and tons of serving and cabinet space. Large grassed back and side yards with an electric gate for a added touch of security and privacy. Plenty of room for a pool! Close to shopping, dining and minutes away from Firewheel Town center. Easy accessibility to 75 & George Bush. New Roof May 2019. You will not be disappointed with the pride of ownership this home has to offer!

Investor Tools

Property Icon
$428,000
Estimated Property Value
$0Estimated Mortgage Balance
$428,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,568 /month
Positive
Cash Flow Estimate:
$856 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$620/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,300
$413,640
2025
$130,000
$283,640
$413,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,300
$413,640

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$428,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
N/A
+$2,960/mo
8.3%

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: Murphy

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