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$1,422,000

NAL Estimated Property Value

6296 Memorial Dr, Frisco, TX, 75034

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths4,916 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$254.25 / sqft
Year BuiltBuilt in 2005

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
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2005
Stories2
Garage Spaces3

Land Information

APNR-8532-00E-0060-1
Lot Number6
SubdivisionChapel Creek Phase 1b (Cfr)
Land UseResidential
Legal DescriptionCHAPEL CREEK PHASE 1B (CFR), BLK E, LOT 6
Census Tract030406
Assessed Land Value$300,000
Assessed Improvement Value$1,060,000
Assessment Year2025

About this property

Custom built Balkman-Riordan home located in Chapel Creek. Wood flooring and high ceilings throughout! The sophisticated study features wood flooring, panel walls, and built-ins. The formal living room features a butler's pantry with access to the courtyard patio. Open to the family room, the gourmet kitchen features an island with granite countertops, stainless steel appliances, Viking 6-burner gas cooktop, walk-in pantry, pull out spice rack, GE microwave and oven with warming drawer, and a breakfast bar! The spacious den offers high ceilings, built-ins, woodburning gas log fireplace, and a walk-in wet bar with a refrigerator. The master suite has a sitting area, a view of the greenbelt, and a luxurious master bathroom! Upstairs you'll find 2 secondary bedrooms, a game room and an unfinished attic that could be used as a fourth bedroom! The backyard features a covered patio, an iron fence, views of the greenbelt and a serene fountain that looks great during the springtime!

Investor Tools

Property Icon
$1,422,000
Estimated Property Value
$906,303Estimated Mortgage Balance
$515,697Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,532 /month
Positive
Cash Flow Estimate:
$2,844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,130/month
$363/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,448
$1,360,000
2025
$300,000
$1,060,000
$1,360,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,448
$1,360,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Raymond James Bank Na
Conventional
$960,000
No
First
Mar 9, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$906,303
$515,697
36%
64%
$4,723/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$5,086/mo
$-1,736/mo
2.8%

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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6296 Memorial Dr | Property Details | No Agent List