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$380,900

NAL Estimated Property Value

704 Lake Grove Drive, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,852 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.42 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,654 sqft

Building Information

Year Built2006
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR282622
Lot Number17
SubdivisionPaloma Creek Lakeview Ph 1
Land UseResidential
Legal DescriptionPALOMA CREEK LAKEVIEW PH 1 BLK G LOT 17
Census Tract020136
Assessed Land Value$84,810
Assessed Improvement Value$296,090
Assessment Year2025

About this property

Spacious Drees home with backyard retreat, steps from Lake Lewisville! Open concept oversized family room, dining room & kitchen! Kitchen with crisp white cabinets with gleaming granite & eat up island open up to the HUGE living & dining room overlooking your dreamy backyard. Surrounded by lush landscaping, enjoy Texas summers on your stamped concrete patio, flagged by TWO pergolas, enjoying a meal grilled on your outdoor kitchen. All bedrooms are secluded upstairs including a generous master suite with sitting area, master bath with dual sinks and a large walk in closet. Large gameroom to accommodate family movie nights! One of the many community pools is tucked away steps from this wonderful Little Elm home!

Investor Tools

Property Icon
$380,900
Estimated Property Value
$238,670Estimated Mortgage Balance
$142,230Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,285 /month
Positive
Cash Flow Estimate:
$762 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$710/month
$178/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,618
$380,900
2025
$84,810
$296,090
$380,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,618
$380,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
N/A
Unknown
$252,132
No
First
Jun 15, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$238,670
$142,230
37%
63%
$1,512/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$1,690/mo
+$2,060/mo
11.8%

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.

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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: Little Elm

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