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$450,000

5609 Elisa Ln, Parker, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.99 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Combination, Wood, Vinyl

Exterior

Exterior FeaturesGray Water System, Rain Gutters, Lighting, Storage
Lot Size42,166 sqft

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-0155-000-0590-1
Lot Number59
SubdivisionEasy Acres (Cpk)
Land UseResidential
Legal DescriptionEASY ACRES (CPK), LOT 59
Census Tract031411
Assessed Land Value$130,000
Assessed Improvement Value$351,889
Assessment Year2025

About this property

WHAT WOULD YOU DO WITH YOUR TEXAS ACRE! This was the model home when this community was born. The garage was originally completed by the builder as a Model Office when built GIVING THIS HOME MUCH MORE LIVABLE SQUARE FOOTAGE THAN MOST OF THE HOMES HERE. The large lot offers plenty of space to add a garage. Drive through the communty & see how your neighbors are enjoyng their acre or just enjoy the open, spacious lawn while you relax on the large patio & listen to the birds. Turn left out of the communty & you are in Allen; turn right & you are minutes from Plano & on your way to Dallas. Great for commuters! 2025 was a busy year for this home. The Roof & Gutters were Replaced, a new attic access laddeer installed, Foundation Repaired & outdated plumbing replaced with PVC. A few years ago the original septic tank was removed & upraded to an Aerobic Septic System with Maintenance Contract in place. Sure it needs some cosmetic updates. We thought you'd appreiate getting to make it your own instead of all those choices done for you. FUN ACT - Take a step off the back of the property & you are in Allen!

Investor Tools

Property Icon
$481,889
Estimated Property Value
$204,000Estimated Mortgage Balance
$298,095Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,891 /month
Positive
Cash Flow Estimate:
$964 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,438
$481,889
2025
$130,000
$351,889
$481,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,438
$481,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$204,000
No
First
Apr 21, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,794
$298,095
61%
38%
$1,224/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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5609 Elisa Ln | Property Details | No Agent List