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Days28Days on Market
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$285,000

$290,000

4805 Ellison Dr, Princeton, TX, 75071

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,566 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.99 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APNR-13024-00T-0330-1
Lot Number33
SubdivisionEastridge
Land UseResidential Single Family
Legal DescriptionEASTRIDGE PHASE 2B (CPN), BLK T, LOT 33
Census Tract031003
Assessed Land Value$112,500
Assessed Improvement Value$231,735
Assessment Year2025

About this property

Welcome to 2024 built home offering modern design, spacious living, and incredible opportunity. This 3 bedroom 2 bathroom home features an open concept floor plan that today’s buyers are searching for, with large rooms, abundant natural light, and a seamless flow between the kitchen, dining, and living areas.The kitchen opens directly to the main living space, making it ideal for entertaining, everyday living, and staying connected with family and guests. The oversized bedrooms provide flexibility for a home office, guest space, or growing household needs. The primary suite offers a private ensuite with ample space to relax and unwind. Located in the highly desirable McKinney area, this home is close to top rated schools, shopping, dining, parks, and major highways for an easy commute. Enjoy quick access to nearby amenities while still having the comfort of a residential neighborhood. This home is being sold AS IS, presenting a great opportunity for buyers looking to customize, invest, or secure a newer construction home below market value. Whether you are a first time homebuyer, investor, or someone looking for a home you can make your own, this property checks all the boxes.

Investor Tools

Property Icon
$344,235
Estimated Property Value
$360,352Estimated Mortgage Balance
$0Estimated Equity
-5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,065 /month
Positive
Cash Flow Estimate:
$688 /month

Interested in this property?

Dawn Lawrence

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$446/month
$780/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,630
$344,235
2025
$112,500
$231,735
$344,235
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,630
$344,235

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Fha
$360,352
Yes
First
May 17, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$346,840
N/A
0%
101%
$2,161/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,941/mo
$-241/mo
9.4%

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: Princeton

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