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$2,500

609 Racine Dr, Oak Point, TX, 75068

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,862 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.34 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh 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, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,667 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR669219
Lot Number12
SubdivisionWoodridge Estates Phase Four
Land UseResidential
Legal DescriptionWOODRIDGE ESTATES PHASE FOUR BLK U LOT 12
Census Tract020115
Assessed Land Value$103,499
Assessed Improvement Value$281,919
Assessment Year2025

About this property

Lake life meets everyday ease at this 2016-built home in Oak Point's Woodridge Estates, just minutes from Lake Lewisville and a short drive to Frisco, The Colony, and the Dallas North Tollway. Step onto the covered front porch and into an open floorplan built for the way people actually live: granite counters in the kitchen, one central open living area, and a dedicated dining space that keeps everything easy to host, gather, or just unwind after a day on the water. The split floorplan offers three bedrooms, with the primary suite on its own side of the house, away from the two guest bedrooms, giving everyone in the home a little extra privacy and breathing room. A dedicated study with doors offers a true work-from-home setup or a quiet spot to close the door and focus, without sacrificing a bedroom. Out back, the covered patio is ready for morning coffee or an evening wind-down, rain or shine. Move-in is simple: the refrigerator, washer, and dryer all convey, so there's no scramble to furnish the essentials before day one. And for tenants who want it done for them entirely, the home can be leased furnished (inquire with the listing agent for pricing) — ideal for relocation, corporate housing, or anyone who wants to walk in and start living. We're also open to a 6-month lease term, making this a fit for tenants in transition: relocating for work, waiting out a home build or purchase, or simply not ready to commit to a full year. Oak Point offers a quieter, small-town, lakeside pace of life while staying close to it all: Lake Lewisville for boating and fishing, Jake's Place Park, and nearby shopping and dining, all within easy reach of Frisco, The Colony, and Denton. Zoned to Little Elm ISD, including Oak Point Elementary and Little Elm High School.

Investor Tools

$217,520Estimated Mortgage Balance
$181,714Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,388 /month
Positive
Cash Flow Estimate:
$796 /month

Interested in this property?

Jessica Maddern

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$873/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,486
$385,418
2025
$103,499
$281,919
$385,418
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,486
$385,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$237,750
No
First
Nov 8, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,520
$167,898
43%
55%
$1,426/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,426/mo
+$1,444/mo
8.7%

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: Oak Point

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609 Racine Dr | Property Details | No Agent List