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$415,000

651 N Watters Road 5305, Allen, TX, 75013

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,535 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$270.36 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Garden
Lot Size10.77 acres

Building Information

Year Built2022
Stories1
Garage Spaces1

Land Information

APNR-11631-00B-2107-1
Lot Number2107
SubdivisionGatherings At Twin Creeks Condominiums
Land UseResidential
Legal DescriptionGATHERINGS AT TWIN CREEKS CONDOMINIUMS (CAL), BLDG B, UNIT 2107, .56 % CMN INT; * AMENDED * AMENDED
Census Tract031507
Assessed Land Value$26,279
Assessed Improvement Value$417,135
Assessment Year2025

About this property

Welcome to easy, upscale living in this beautifully maintained 2-bedroom, 2-bath condo located in a vibrant 55+ community in the heart of Allen! Conveniently situated near shopping, dining, and major highways, this light-filled home offers comfort, style, and an active lifestyle all in one. The open-concept layout features a light & bright kitchen with a large island, granite countertops, abundant cabinet and counter space, and an oversized pantry for exceptional storage. The inviting living area is enhanced by a beautiful fireplace, creating a warm and welcoming space to relax or entertain. Spacious and tranquil primary suite offers room for a sitting area or desk, dual spacious closets, linen storage, and a spa-like bath with an extra vanity and shower bench. Enjoy peaceful mornings or evenings on the large, private balcony complete with a large outdoor storage closet. A 1-car garage is also included with the unit! Residents enjoy resort-style amenities including a pool, fitness center, clubhouse, pickleball courts, grilling stations, putting green, dog park, picnic area with fire feature, weekly front door trash valet, and frequent homeowner-organized social events that make it easy to connect with neighbors and enjoy the community lifestyle. HOA dues includes landscaping, secure access, elevators, building maintenance, trash pick up, hazard insurance for the buildings, and common area maintenance for true low-maintenance living.

Investor Tools

$0Estimated Mortgage Balance
$443,414Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,660 /month
Positive
Cash Flow Estimate:
$887 /month

Interested in this property?

Jana Carmichael

Keller Williams Realty Allen

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$893/month
$557/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,498
$443,414
2025
$26,279
$417,135
$443,414
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,498
$443,414

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$443,414
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$557/mo
+$1,353/mo
5.2%

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: Allen

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651 N Watters Road 5305 | Property Details | No Agent List