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$815,000

602 Keith Drive, Allen, TX, 75002

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Multiple Offers Received! Offer Deadline 12pm Sunday 3-29-26. Rare opportunity in the heart of Allen! Build on a spacious, hard-to-find .34-acre lot in a charming, established non-HOA neighborhood—a true hidden gem. Ideally located adjacent to neighborhood park, playground, and walking trails, this property offers the perfect blend of tranquility and convenience. Situated in one of Allen’s earliest communities, enjoy walkability to Downtown Allen, where Phase 1 of an exciting, thoughtfully planned revitalization project is set to begin Summer 2026—bringing new energy, dining, retail, and entertainment just steps from your door. Convenient trailhead access for its extensive parks and trail system, sports fields, skate park, and more. Within Allen’s Central Business District, the property is positioned on the same electrical grid as the police and fire departments, contributing to exceptional reliability and rapid emergency response times. Zoned to award-winning Allen ISD, recognized for academic excellence and championship athletics, ideal for those seeking top-tier education and community pride. Enjoy a small town feel with intown lifestyle proximity within minutes to existing premier grocery, retail, dining, and entertainment including Market Street, Kroger, Tom Thumb, Whole Foods, H-E-B, Costco, Trader Joe’s, Target, Walmart, Watters Creek, Allen Premium Outlets, The Villages of Allen and Fairview, Nordstrom Rack, Dicks Sporting Goods, Cabelas-Bass Pro Shops, TJ Max-Homegoods, Top Golf, Armor Brewery, Pinstack, among others. Healthcare access equally convenient with major providers like Texas Health, Baylor Scott & White, along with numerous specialty medical office facilities nearby. Commuting is a breeze with quick access to Highways 75 and 121. Bring your own builder and vision or use ours to create a home tailored to your lifestyle. Deep lot with tree-lined backdrop offers privacy and space.

Investor Tools

Property Icon
$815,000
Estimated Property Value
$0Estimated Mortgage Balance
$815,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,890 /month
Positive
Cash Flow Estimate:
$1,630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,493
$84,150
2025
$84,150
N/A
$84,150
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,493
$84,150

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$815,000
100%
0%
$0/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.

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: Allen

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