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$454,000

5208 Picasso Road, Royse City, TX, 75189

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,605 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.28 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Microwave
FlooringCarpet, Other, Tile

Exterior

Lot Size6,142 sqft

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APN4398-000F-0002-00-0R
Lot Number2
Land UseResidential Sfr Non-Waterfront
Legal DescriptionMERCER MEADOWS BLK F LOT 2
Census Tract040411
Assessed Land Value$62,000
Assessed Improvement Value$171,585
Assessment Year2025

About this property

Welcome to 5208 Picasso Road in Royse City, Texas, a beautifully designed former model home in the desirable Mercer Meadows community. Featuring the Reunion floor plan, this 2,605-square-foot, two-story home offers 3 bedrooms, 3 bathrooms, and a 2-car garage with stylish details and flexible living spaces throughout. The heart of the home features an open-concept family room, breakfast area, and kitchen, creating a spacious setting for entertaining and everyday living. A convenient mud bench off the garage adds organization right where you need it. The secondary bedrooms feature walk-in closets and offer flexibility for family, guests, a home office, hobby room, or other needs. The spacious primary suite provides a relaxing retreat with a large walk-in closet and a beautifully appointed bathroom featuring a double vanity, freestanding tub, and separate shower. Upstairs, a generous game room with an additional full bathroom creates the perfect bonus space for movie nights, entertaining, or a private guest area. Outside, the covered back patio extends the living space for year-round enjoyment. Discover the space, versatility, and standout appeal of this former Lillian Homes model home in Mercer Meadows in Royse City, TX.

Investor Tools

$335,548Estimated Mortgage Balance
$50,452Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,724 /month
Positive
Cash Flow Estimate:
$908 /month

Interested in this property?

Ashlee McGhee

Keller Williams Realty DPR

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$233,585
2025
$62,000
$171,585
$233,585
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$233,585

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Susser Bank
Commercial
$349,188
No
First
Jun 28, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,548
$50,452
13%
87%
$2,094/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,574/mo
+$776/mo
10.4%

City: Royse City