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$513,404

NAL Estimated Property Value

5500 Kara Ln, Parker, TX, 75002

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,978 Sq Ft
price_per_sqft$214.86 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size42,214 sqft

Building Information

Year Built1972
Stories1
Roof Type104
Garage Spaces2

Land Information

APNR-0155-000-0080-1
Lot Number8
SubdivisionEasy Acres (Cpk)
Land UseResidential
Legal DescriptionEASY ACRES (CPK), LOT 8
Census Tract031411
Assessed Land Value$130,000
Assessed Improvement Value$383,404
Assessment Year2025

About this property

What a great opportunity to create the home of your dreams on just under an acre in Plano ISD. This property has lots of outdoor entertainment potential. Plenty of room for a deck, swimming pool, garden, workshop, or that dream shed. Located in the midst of million-dollar-plus new homes, this is a golden opportunity to design and implement your own version of the perfect home at a fraction of the cost. Sold as is and in need of repairs and updates, this home has been loved and cherished by the same owners for the last 60 years and is ready for a new adventure with YOU!

Investor Tools

Property Icon
$513,404
Estimated Property Value
$206,856Estimated Mortgage Balance
$306,548Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,080 /month
Positive
Cash Flow Estimate:
$1,027 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$825/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,338
$513,404
2025
$130,000
$383,404
$513,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,338
$513,404

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Change Lending Llc
Unknown
$219,275
No
First
Apr 12, 2023
May 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,856
$306,548
59%
40%
$1,315/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: Parker

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5500 Kara Ln | Property Details | No Agent List