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$409,000

NAL Estimated Property Value

505 Ellis Place Dr, Greenville, TX, 75402

SoldInfo
7/01/26
Beds4 Beds
Baths3 Bath
Baths2,701 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.18 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size10,507 sqft

Building Information

Year Built2022
Stories2
Garage Spaces6

Land Information

APN2857-0050-009R-41
Lot Number9R
SubdivisionEllis Estates Ph 1
Land UseResidential
Legal DescriptionS2857 ELLIS ESTATES PH 1 BLK 5 LOT 9R ACRES .2412 (REPLAT)
Census Tract961101
Assessed Land Value$43,810
Assessed Improvement Value$365,190
Assessment Year2025

About this property

Beautiful ready to move in 3 Car Garage with Side Entrance, 1.5 Story 4 bedrooms and 3 baths home in Ellis Estates. This home with a spacious layout, 2 bedroom with a split Master bedroom downstairs. Kitchen features with stainless steel appliances, upgraded granite counter top with eat in kitchen, under cabinet lighting, etc. Living room features with wiring for mounting Tvs, which is open to kitchen and dining area. Master bedroom overlooks the back yard with nice size of master bath, frameless shower door and walk in closet. Covered patio with ceiling fan. The 4th bedroom with a full bath upstairs with a game room or can be used as a media room, which is a nice suite upstairs separated from downstairs. Nice floor plan and will go fast.

Investor Tools

Property Icon
$409,000
Estimated Property Value
$149,874Estimated Mortgage Balance
$259,126Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$944/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,284
$409,000
2025
$43,810
$365,190
$409,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,284
$409,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Relf 7 Llc
Building Or Construction Loan
$160,550
No
First
Nov 21, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,874
$259,126
63%
37%
$963/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: Greenville

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505 Ellis Place Dr | Property Details | No Agent List