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$1,049,000

$1,100,000

5402 Kara Ln, Parker, TX, 75002

On MarketInfo
Price DropInfo
Beds4 Beds
Baths5 Bath
Baths4,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.25 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Private Yard, Storage, Other
Lot Size42,214 sqft

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APNR-0155-000-0110-1
Lot Number11
SubdivisionEasy Acres (Cpk)
Land UseResidential
Legal DescriptionEASY ACRES (CPK), LOT 11
Census Tract031411
Assessed Land Value$130,000
Assessed Improvement Value$804,875
Assessment Year2025

About this property

HEATED POOL & SPA + IMPRESSIVE INSULATED 40x50 WORKSHOP on nearly one acre with sought-after Plano ISD schools and NO HOA! This exceptional CUSTOM home blends luxury, privacy, and functionality with a resort-style backyard and thoughtfully designed living spaces ideal for both everyday living and entertaining. The open-concept layout seamlessly connects the Living, Dining, and Kitchen areas while showcasing refinished wood flooring and stunning views of the expansive property. Just off the entry, French doors open to a dedicated Office complete w custom built-ins, while the Formal Dining Room creates an elegant setting for gatherings and celebrations. The impressive Living Room is anchored by a dramatic floor-to-ceiling stone fireplace and convenient wet bar, creating a warm yet sophisticated focal point. A versatile first-floor Flex Room offers endless possibilities and could easily function as a media room, fitness studio, playroom, or private retreat. The beautifully appointed Kitchen features quartz countertops, stainless steel appliances, abundant workspace, and effortless flow into the main living areas. The luxurious Primary Suite offers a spa-inspired escape with a freestanding soaking tub, frameless glass shower, custom walk-in closet, and serene atmosphere designed for comfort and relaxation. A full bath with direct exterior access serves perfectly as a pool bath for seamless indoor-outdoor living. Upstairs, a spacious Game Room provides even more flexibility alongside generously sized secondary bedrooms and baths. Step outside to your own PRIVATE OASIS featuring a large Covered Patio, Outdoor Grill area, heated in-ground Pool and Spa, gated backyard access, side yards, and incredible views across the property. Car enthusiasts, hobbyists, or those needing exceptional additional space will appreciate the insulated 40x50 workshop. A rare opportunity offering refined living, versatility, and exceptional outdoor amenities in an unforgettable setting.

Investor Tools

$689,568Estimated Mortgage Balance
$245,307Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,294 /month
Positive
Cash Flow Estimate:
$2,098 /month

Interested in this property?

Jocelyn Mills

Keller Williams Realty DPR

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,875
$934,875
2025
$130,000
$804,875
$934,875
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,875
$934,875

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexera Holding Llc
Conventional
$698,750
No
First
Oct 6, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$689,568
$245,307
26%
74%
$4,190/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$4,190/mo
$-840/mo
4.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Parker

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5402 Kara Ln | Property Details | No Agent List