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Owner Contacts

$274,000

505 W Coats Dr, Allen, TX, 75013

Off Market

3 Beds

2 Bath

1,314 Sq Ft

Single Family Residence

$216.89 / sqft

Built in 1964

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesBuilt-In Gas Range, Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Vented Exhaust Fan, Warming Drawer

FlooringCeramic Tile, Combination, Tile, Vinyl

Exterior

Exterior FeaturesCourtyard, Lighting, Private Yard, Uncovered Courtyard

Building Information

Year Built1964

Stories1

Roof Type134

Land Information

APNR-1145-003-0030-1

Lot Number3

SubdivisionWhisenant Estates #2 (Cal)

Land UseResidential

Legal DescriptionWHISENANT ESTATES #2 (CAL), BLK C, LOT 3

Census Tract031508

Assessed Land Value$85,000

Assessed Improvement Value$180,414

Assessment Year2025

About this property

CENTRALLY LOCATED 3 BEDROOM, 1.5 BATH, + ANOTHER ROOM THAT CAN BE 4TH BEDROOM, LIVING ROOM, OR GAMEROOM - LOCATED MINUTES FROM EVERYTHING THAT ALLEN HAS TO OFFER. North Facing Brick Home with Large Mature Trees in front and back that help shade the house + Chickens are allowed so you can have eggs for life now! Take a seat under the Covered Front Porch or step inside past the Ornate Hand-Carved Wood Front Door to Luxury Vinyl Flooring throughout + Tile in the two Bathrooms and Kitchen area. Kitchen has a Frigidaire Dishwasher, Gas Cooktop, Gas Oven, Double Sink, and breakfast area overlooking the backyard + Water Heater replaced in 2023. Large Laundry area with space for a small freezer. Converted garage can be a 4th Bedroom or flex space + Separate Dining or Seating area + 3 more Bedrooms with walk in Closets, Ceiling Fans, and Primary has Ensuite Half Bathroom. House backs to a large open Lot. Easy access to Hwy 75, Allen High School, Shopping, and more. 3D Tour Available online.

Investor Tools

$274,000

Estimated Property Value

$267,900Estimated Mortgage Balance

$20,837Estimated Equity

2% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,710 /month

Positive

Cash Flow Estimate:

$570 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$415/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,610

$265,414

2025

$85,000

$180,414

$265,414

Tax History

Year

Tax Paid

Assessed Value

2024

$3,610

$265,414

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nuwave Lending Llc

Conventional

$267,900

First

May 2, 2023

Jun 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$253,163

$20,837

92%

$1,607/mo

Learn About the Market: Opportunity in Texas

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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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