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$300,000

609 Lake Point Dr, Little Elm, TX, 75068

PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,815 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.29 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size6,726 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR282644
Lot Number11
SubdivisionPaloma Creek Lakeview Ph 1
Land UseResidential
Legal DescriptionPALOMA CREEK LAKEVIEW PH 1 BLK H LOT 11
Census Tract020136
Assessed Land Value$94,410
Assessed Improvement Value$238,795
Assessment Year2025

About this property

Welcome home to this charming, beautifully maintained one-story all brick home nestled on a quiet cul-de-sac just a block from the community pool and clubhouse with fitness facility. The lovely homes across the street back up to Lake Lewisville. Scenic trails along the water's edge provide a peaceful setting for walking, taking in the views, and perhaps casting a line to fish in the lake. Good neighbors and a covered front porch with swing and blooming flower beds will make you feel at home. Inside, you’ll love the bright, open floorplan featuring 3 split bedrooms, recent neutral paint, and luxury wood-look plank flooring. There is a large, private office with hardwoods & french doors at the front of the house. The spacious layout is ideal for both everyday living and entertaining. Step outside to one of this home’s standout features — a screened and window-enclosed patio with ceiling fan designed for year-round comfort, so you can enjoy backyard barbecues without mosquitoes or flies interrupting the fun! The friendly neighborhood offers wonderful amenities including 3 community pools with 3 clubhouses that offer fitness facilities & neighborhood events for residents! Major updates provide peace of mind, including new quartz countertops kitchen & island (2026), a new garage door (2026), ROOF (2025), and HVAC system (2024). Even better, the desk wall unit in the study, washer, dryer, and refrigerator can all remain with the home. A home warranty is already in place, making this home move in ready!

Investor Tools

$48,034Estimated Mortgage Balance
$267,113Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,889 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$330/month
$260/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,385
$314,781
2025
$94,410
$238,795
$333,205
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,385
$314,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$52,600
No
First
Oct 7, 2021
Nov 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,034
$269,966
84%
15%
$316/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$576/mo
+$2,294/mo
10.9%

City: Little Elm

609 Lake Point Dr | Property Details | No Agent List