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Owner Contacts

$388,000

NAL Estimated Property Value

651 N Watters Road 5405, Allen, TX, 75013

Off Market

2 Beds

2 Bath

1,529 Sq Ft

Condos / Townhouses

$241.99 / sqft

Built in 2021

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size10.77 acres

Building Information

Year Built2021

Stories1

Garage Spaces1

Land Information

APNR-11631-00H-0105-1

Lot Number105

SubdivisionGatherings At Twin Creeks Condominiums

Land UseResidential

Legal DescriptionGATHERINGS AT TWIN CREEKS CONDOMINIUMS (CAL), BLDG H, UNIT 105, .449 % CMN INT; * (AMENDED) * (AMENDED)

Census Tract031507

Assessed Land Value$21,117

Assessed Improvement Value$350,181

Assessment Year2025

About this property

Fabulous condo located in adult community! Open floor plan offers the perfect place to enjoy a comfortable lifestyle. Rooms are generously sized, providing ample space for all your needs. Kitchen features an island, quartz countertops, stainless steel appliances, & a convenient walk in pantry. Step out onto the balcony while enjoying your morning coffee or evening relaxation. 1-car garage included, offering plenty of space for parking & storage. Take a dip in the resort-style swimming pool or host a barbecue in the outdoor kitchen area. The courtyard is complete with firepits making it the perfect place to gather with friends & unwind! Not to mention a well-equipped fitness center, pickleball courts, & putting green! All the shopping, dining, & entertainment you could need is just a stone's throw away. Washer, dryer, & new refrigerator included. Taxes will reduce with homestead and over 65 exemptions if applicable. SELLER IS OFFERING $550 TOWARDS A HOME WARRANTY TO BUYER.

Investor Tools

$388,000

Estimated Property Value

$0Estimated Mortgage Balance

$388,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,328 /month

Positive

Cash Flow Estimate:

$776 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$757/month

$330/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,148

$371,298

2025

$21,117

$350,181

$371,298

Tax History

Year

Tax Paid

Assessed Value

2024

$7,148

$371,298

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$388,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$330/mo

+$1,580/mo

5.9%

Learn About the Market: Opportunity in Texas

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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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