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$1,083,000

NAL Estimated Property Value

6008 Rathbone Dr, Parker, TX, 75002

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,345 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.35 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Outdoor Grill, Private Yard

Building Information

Year Built2000
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR-4390-00E-0100-1
Lot Number10
SubdivisionParker Lake Estates Phase I (Cpk)
Land UseResidential
Legal DescriptionPARKER LAKE ESTATES PHASE I (CPK), BLK E, LOT 10
Census Tract031326
Assessed Land Value$299,000
Assessed Improvement Value$770,954
Assessment Year2025

About this property

This exceptional East-facing property in Parker, Texas, offers an unmatched blend of luxury, functionality, and space—all within the acclaimed Allen ISD. Set on approximately 1.5 acres, this home features 7 garage spaces—4 attached to the main house and 3 housed in a nearly 1,000 sq ft fully insulated outbuilding, complete with dedicated circuits on every wall. Whether you're into car collecting, woodworking, or simply need extra storage, this space is ready to accommodate it all. Inside the main home, you'll find 5 spacious bedrooms and a flex room off the primary suite, ideal for a home gym, nursery, or private sitting area. The updated primary bathroom offers a spa-like experience with heated floors and a custom closet designed for maximum organization. The heart of the home, the renovated kitchen, is equipped with a sleek gas range and black stainless appliances, perfect for the modern chef. Step outside and unwind in the private, tree-lined backyard, enclosed by a custom iron fence. Entertain guests with ease under the massive covered patio, complete with a top-of-the-line built-in stainless steel grill, or gather around the custom stone fire pit for cozy evenings under the stars. This home is the perfect blend of comfort, craftsmanship, and versatility—an extraordinary opportunity that’s truly one of a kind.

Investor Tools

Property Icon
$1,083,000
Estimated Property Value
$666,113Estimated Mortgage Balance
$416,887Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,074 /month
Positive
Cash Flow Estimate:
$2,358 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,637/month
$925/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,234
$1,069,954
2025
$299,000
$770,954
$1,069,954
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,234
$1,069,954

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$676,000
No
First
Jul 8, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$666,113
$416,887
38%
62%
$4,053/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$4,978/mo
$-1,628/mo
3.7%

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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6008 Rathbone Dr | Property Details | No Agent List