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$255,000

423 Butternut Drive, Fate, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,769 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.15 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDisposal
FlooringTile, Wood

Exterior

Lot Size5,489 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN5331-000E-0023-00-0R
Lot Number23
SubdivisionWoodcreek Phase 2a
Land UseResidential
Legal DescriptionWOODCREEK PHASE 2A, BLOCK E, LOT 23
Census Tract040406
Assessed Land Value$93,500
Assessed Improvement Value$192,912
Assessment Year2025

About this property

Check out this super cute and meticulously kept home in one of Fate's most coveted neighborhoods, Woodcreek! This three bedroom and two full bath home is ready for you to move into! The gorgeous wood floors warmly invite you into this beautiful home with high bar countertops. This floorplan is fantastic and perfect to invite your family and friends to come and watch all the big games and celebrate all the holidays at your home. The large backyard is perfect for your children & fur babies! This home has a brand new hvac too ready to keep you cool all Summer long! This community also provides walking & jogging trails, community center, clubhouse, pool, splash pad, sccer fields, exciting fishing in the huge stocked pond, and playgrounds!

Investor Tools

Property Icon
$286,412
Estimated Property Value
$0Estimated Mortgage Balance
$286,412Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,718 /month
Positive
Cash Flow Estimate:
$573 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$620/month
$282/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,005
$286,412
2025
$93,500
$192,912
$286,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,005
$286,412

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$286,412
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$282/mo
+$2,028/mo
9.7%

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: Fate

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423 Butternut Drive | Property Details | No Agent List