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$1,230,000

NAL Estimated Property Value

7850 Element Ave, Plano, TX, 75024

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,180 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$314.43 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Convection Oven, Double Oven, Refrigerator, Tankless Water Heater
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesBalcony, Gas Grill, Rain Gutters, Outdoor Grill
Lot Size2,015 sqft

Building Information

Year Built2018
Stories3
Garage Spaces2

Land Information

APNR-11170-00D-0050-1
Lot Number5
SubdivisionIcon At Legacy West Addition (Cpl)
Land UseResidential
Legal DescriptionICON AT LEGACY WEST ADDITION (CPL), BLK D, LOT 5
Census Tract031670
Assessed Land Value$400,000
Assessed Improvement Value$789,675
Assessment Year2025

About this property

Enjoy urban living in this luxury community just seconds from dining, shopping & major entertainment venues. This 3-story home, has energy-efficient features & sleek modern finishes. On the lst floor you'll find two Bedrms, each with ensuite Full Baths & ample WI closets. There is an Office or Craft Nook with custom upper & lower cabinets. The 2nd flr offers a spacious open floor plan with a Living & Dining Rms, Kitchen, & covered Patio. The masterfully planned Kitchen is designed with SS appliances, including a refrig, 6-burner gas range, convection ovens & dishwasher.The patio has electric solar shades with remote, and BI gas grill. The Primary Suite, located on the 2nd level, offers an ensuite Bathrm with dual, floating vanities & extra large WI shower. The Game Rm on 3rd fl opens up to a patio. A 4th Bedrm & Full Bath are located on this level. This exclusive home is situated minutes from the homes of corporate giants and convenient access to Hwy 121 and the North Dallas Tollway.

Investor Tools

Property Icon
$1,230,000
Estimated Property Value
$595,342Estimated Mortgage Balance
$634,658Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,380 /month
Positive
Cash Flow Estimate:
$2,460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,019/month
$2,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,082
$1,189,675
2025
$400,000
$789,675
$1,189,675
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,082
$1,189,675

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$630,000
No
First
May 9, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$595,342
$634,658
51%
48%
$3,778/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$6,078/mo
$-3,258/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.

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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: Plano

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7850 Element Ave | Property Details | No Agent List