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$349,999

802 Lake Fletcher Road, Princeton, TX, 75407

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,419 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$144.69 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesOther
Lot Size6,513 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-12893-00E-0300-1
Lot Number30
SubdivisionLake Meadow Phase 2 (Gcn)
Land UseResidential
Legal DescriptionLAKE MEADOW PHASE 2 (GCN), BLK E, LOT 30
Census Tract031006
Assessed Land Value$105,000
Assessed Improvement Value$240,209
Assessment Year2025

About this property

Welcome home to this spacious two-story home located in a desirable Princeton subdivision, offering a versatile floor plan and plenty of potential. Situated on a corner lot, the home features attractive stone accents on the exterior, adding character and curb appeal. Once inside home offers an open-concept floor plan where the living, dining, and kitchen (stainless steel appliances) areas flow together, creating a comfortable space for everyday living and entertaining. A versatile flex room provides additional space that could be used as a home office, second living area, game room, playroom, workout room, or formal dining area, faux wood blinds and LVP flooring. Then step outside and enjoy a backyard designed for easy maintenance and outdoor fun, featuring an AstroTurf area that makes a great space for a kids’ play area, pets, outdoor games, or additional entertaining space. With no grass to mow in this area, you can spend more time enjoying the backyard and less time maintaining it. No MUD or PID. Perfect for both effortless daily living and seamless entertaining. **** SHORT SALE OPPORTUNITY! Property is being offered as a short sale and all terms, conditions, and offers are subject to lender approval. This could be a great opportunity for a buyer looking for a home with potential and willing to allow additional time for the short-sale approval process. Property is being sold AS-IS; seller will make no repairs. Buyer and buyer’s agent should verify all information and short-sale requirements, contact listing agent for details.

Investor Tools

$0Estimated Mortgage Balance
$345,209Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

SaShanda Brown

Vickies Real Estate Group, Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$536/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,711
$345,209
2025
$105,000
$240,209
$345,209
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,711
$345,209

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$345,209
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$175/mo
+$2,635/mo
9.8%

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.

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: Princeton

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