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$414,000

NAL Estimated Property Value

504 Lake Point Dr, Little Elm, TX, 75068

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.07 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting
Lot Size10,555 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR282453
Lot Number71
SubdivisionPaloma Creek Lakeview Ph 1
Land UseResidential
Legal DescriptionPALOMA CREEK LAKEVIEW PH 1 BLK A LOT 71
Census Tract020136
Assessed Land Value$135,952
Assessed Improvement Value$257,655
Assessment Year2025

About this property

Rare opportunity to own a lakefront home without breaking the bank! This single story home features great lake access. Present owners spend lots of time kayaking and paddleboarding right outside their yard. Home is just half a block to the neighborhood pool and playground so you can enjoy a pool easily without the expense & hassle of maintaining one. Freshly repainted interior and new carpet recently installed just for you! The heart of the home has a wonderful open floorplan with the kitchen overlooking the living room. Granite counters, nice island & updated appliances make this a kitchen you will enjoy using. The livingroom flows effortlessly to a generous backyard oasis, ideal for relaxing or entertaining. Enjoy the covered patio, raised bed garden, storage shed, & ambient decorative lighting in both the front & back yards that create a warm and inviting atmosphere. A private gate in the backyard offers direct access to the lake & a scenic walking trail—perfect for evening strolls or weekend adventures. The master suite is a true retreat, complete with an upgraded bathroom featuring a luxurious garden tub, abundant granite counter space, and a large walk-in closet. The additional bedrooms provide flexibility for guests, family, or hobbies. Other noteworthy amenities include elegant laminate flooring, tile in wet areas, and a dedicated office with stylish French doors—perfect for working from home. Practical upgrades abound: a new roof installed in June 2023, newly replaced garage doors on the spacious two-car garage, and all the thoughtful touches that make this home truly move-in ready. Situated in Paloma Creek, you will love all the amenities of this masterplanned community: 4 resort style pools, 2 fitness centers, 3 clubhouses, multiple parks & miles of hiking trails to name a few. Don’t miss the opportunity to own this exceptional property!

Investor Tools

Property Icon
$414,000
Estimated Property Value
$364,342Estimated Mortgage Balance
$49,658Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,618
$393,607
2025
$135,952
$257,655
$393,607
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,618
$393,607

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$369,750
No
First
Jul 25, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,342
$49,658
11%
88%
$2,217/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$2,492/mo
+$378/mo
8.3%

City: Little Elm

504 Lake Point Dr | Property Details | No Agent List