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Days194Days on Market
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$1,455,000

$1,459,000

7854 Element Ave, Plano, TX, 75024

On MarketInfo
Price DropInfo
Beds4 Beds
Baths5 Bath
Baths3,340 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$435.63 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Tankless Water Heater, Vented Exhaust Fan, Wine Cooler
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size2,275 sqft

Building Information

Year Built2018
Stories3
Garage Spaces2

Land Information

APNR-11170-00D-0040-1
Lot Number4
SubdivisionIcon At Legacy West Addition (Cpl)
Land UseResidential
Legal DescriptionICON AT LEGACY WEST ADDITION (CPL), BLK D, LOT 4
Census Tract031670
Assessed Land Value$400,000
Assessed Improvement Value$830,416
Assessment Year2025

About this property

*OPEN HOUSE SUNDAY, AUGUST 30 1-3pm* Looking for a modern, urban lifestyle with everything close at hand? Welcome to The Villas at Legacy West. Ideally located in the heart of one of Plano’s most desirable destinations, The Villas offer a unique combination of luxury, convenience and privacy. Upscale shopping, exceptional dining and entertainment are all just a short walk away. This modern home offers energy-efficient features, sleek finishes, designer Versace wallpaper and an ELEVATOR. Spacious Study (or Living Space) on 1st flr features a sliding glass wall opening to covered porch w-motorized retractable screens. The Living Rm has a gorgeous fireplace flanked by custom floating shelves and sliding doors opening to the balcony. The Dining Rm offers a gorgeous chandelier and located perfectly for entertaining. The Chef's Kitchen with sizable island features premium appliances including built-in Sub-Zero refrig, SS commercial-style gas cooktop & vent hood. Owner’s Retreat has ensuite, well-appointed Bathroom designed with floating vanities, XL walk-in shower & 2 triple-tiered walk-in closets. Fantastic Game Room with stunning Wet Bar with backlit granite and glass floating shelves. Pre-wired Media Room. Expansive outdoor living space, accented with gas fireplace, perfect for relaxation & entertaining while enjoying panoramic vistas. Situated minutes from corporate giants such as Liberty Mutual, Toyota, FedEx and major roadways (Hwy 121, DNT).

Investor Tools

$844,373Estimated Mortgage Balance
$601,071Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,730 /month
Positive
Cash Flow Estimate:
$2,910 /month

Interested in this property?

Jan Richey

Keller Williams Legacy

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,720/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,425
$1,230,416
2025
$400,000
$830,416
$1,230,416
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,425
$1,230,416

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Conventional
$892,000
No
First
Aug 23, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$844,373
$639,627
43%
58%
$5,348/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$6,248/mo
$-3,428/mo
2.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Plano

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7854 Element Ave | Property Details | No Agent List