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$342,000

NAL Estimated Property Value

605 High Meadow Dr, Allen, TX, 75002

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.19 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Refrigerator
FlooringCarpet, Tile

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1125-003-0250-1
Lot Number25
SubdivisionHigh Meadows First Addition (Cal)
Land UseResidential
Legal DescriptionHIGH MEADOWS FIRST ADDITION (CAL), BLK 3, LOT 25
Census Tract031508
Assessed Land Value$89,250
Assessed Improvement Value$220,766
Assessment Year2025

About this property

Don't miss this opportunity to own a home in highly sought after Allen ISD for under $300k! With Allen HS only a few blocks away, you can't beat the location. The home sits in a quiet neighborhood on a large lot. The backyard is huge and is fully fenced. Floorplan includes a large open living area, 4 bedrooms with large closets, spacious breakfast area, generous kitchen with granite countertops, and a full utility room. Vinyl flooring was added only a few months ago. Roof is 6 years old, outside AC was replaced 2022. The home needs some TLC and cosmetic improvements but is otherwise is great condition. The refrigerator, washer, and dryer convey. Investors welcome! ARV $405k.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$260,761Estimated Mortgage Balance
$81,239Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,116/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,682
$310,016
2025
$89,250
$220,766
$310,016
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$11,682
$310,016

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Commercial
$275,000
No
First
Jul 28, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,761
$81,239
23%
76%
$1,649/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: Allen

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605 High Meadow Dr | Property Details | No Agent List