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Days1847Days on Market
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$1,274,000

$1,299,000

6242 Memorial Dr, Frisco, TX, 75034

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths4,469 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$285.07 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8532-00E-0090-1
Lot Number9
SubdivisionChapel Creek Phase 1b (Cfr)
Land UseResidential
Legal DescriptionCHAPEL CREEK PHASE 1B (CFR), BLK E, LOT 9
Census Tract030406
Assessed Land Value$300,000
Assessed Improvement Value$857,000
Assessment Year2025

About this property

This exceptional Chapel Creek estate showcases superb craftsmanship, timeless elegance, and impeccable attention to detail at every turn. Perfectly positioned on a premium creek and greenbelt lot surrounded by mature trees, the private backyard creates a peaceful retreat with multiple patios, a built-in spa, tranquil water feature, and breathtaking natural views. From the moment you enter, you'll appreciate the extraordinary finishes that define this remarkable home, including hand-scraped hardwood floors, travertine, extensive crown molding, custom millwork, wood-beamed and specialty ceilings, imported Italian stone fireplace, designer lighting, and soaring ceilings that enhance the home's grand yet inviting feel. A dramatic wall of windows fills the spacious family room with natural light while framing the picturesque backyard. Designed for both everyday living and elegant entertaining, the gourmet island kitchen features custom cabinetry, granite countertops, a 6-burner gas cooktop, stainless appliances, abundant workspace, and a true butler's pantry with an area for an herb garden. Just off the kitchen, guests will enjoy wet bar and an impressive wine room that adds both function and sophistication. The luxurious owner's retreat is a private sanctuary featuring a cozy fireplace, alcove perfect for sitting or desk area with a domed ceiling and curved windows, private patio access, a custom walk-in closet, dedicated exercise room, and a spa-inspired bath designed for relaxation. Spacious secondary bedrooms, thoughtfully designed living spaces, and exceptional architectural details throughout complete this one-of-a-kind residence. Offering unmatched quality, timeless design, and an incredible setting overlooking the creek and greenbelt, this extraordinary home is the perfect blend of luxury, comfort, and privacy. Cul-de-sac location with nearby schools, parks and the NDT. Roof replaced October 2025.

Investor Tools

Property Icon
$1,299,000
Estimated Property Value
$548,000Estimated Mortgage Balance
$803,347Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Jay Newton

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,968/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,126
$1,157,000
2025
$300,000
$857,000
$1,157,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,126
$1,157,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$548,000
No
First
Jul 30, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$495,653
$975,347
66%
38%
$3,286/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$3,786/mo
$-1,216/mo
2.4%

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: Frisco

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6242 Memorial Dr | Property Details | No Agent List