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$457,000

NAL Estimated Property Value

623 Lakewood Dr, Allen, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,142 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.09 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Refrigerator, Washer
FlooringCarpet, Wood

Building Information

Year Built1991
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2573-00A-0210-1
Lot Number21
SubdivisionCottonwood Bend No 4a (Cal)
Land UseResidential
Legal DescriptionCOTTONWOOD BEND NO 4A (CAL), BLK A, LOT 21
Census Tract031422
Assessed Land Value$125,000
Assessed Improvement Value$285,181
Assessment Year2025

About this property

A quiet street in an established Allen ISD neighborhood sets a refined, unhurried tone, where mature trees and a sense of stability frame everyday living, all while keeping Hwy 75, shopping, and dining just moments away. Inside, the home unfolds with intention. Warm wood floors carry through the main spaces, grounding the interiors with a natural richness. The living area centers around the fireplace, creating a space that feels both elevated and comfortable, while the kitchen remains seamlessly connected, finished with granite countertops, stainless steel appliances, and a layout designed to feel as effortless as it is functional. The owner's suite offers a sense of calm and privacy, where bay windows soften the space with natural light. A sliding barn door introduces a layer of character, opening to a thoughtfully designed bath that feels both current and composed. Two additional bedrooms maintain the same level of comfort, offering flexibility without compromise. Outdoors, the covered patio extends the living experience, creating a natural setting for quiet evenings or casual gatherings. Just beyond, Cottonwood Bend Park adds a layer of openness with green space and a place to step away without ever leaving the neighborhood. The home presents a seamless transition into a lifestyle defined by ease, balance, and thoughtful design.

Investor Tools

Property Icon
$457,000
Estimated Property Value
$288,558Estimated Mortgage Balance
$168,442Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,790 /month
Positive
Cash Flow Estimate:
$930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$829/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,663
$410,181
2025
$125,000
$285,181
$410,181
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,663
$410,181

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$303,800
No
First
Oct 3, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,558
$130,442
31%
63%
$1,822/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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623 Lakewood Dr | Property Details | No Agent List