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$388,000

809 Lake Highlands Drive, Allen, TX, 75002

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$169.35 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop
FlooringCarpet, Vinyl

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1119-002-0190-1
Lot Number19
SubdivisionFountain Park First Section (Cal)
Land UseResidential
Legal DescriptionFOUNTAIN PARK FIRST SECTION (CAL), BLK 2, LOT 19
Census Tract031508
Assessed Land Value$105,000
Assessed Improvement Value$271,974
Assessment Year2025

About this property

Located in a nice established neighborhood in Allen School District. Great opportunity at this price! With cosmetic updates, this home will be a gem. Large utility room with built-in desk. Rear entry garage. Nice-sized fenced backyard with large covered patio, and a separate fenced side yard. Refrigerator will be included in sale. Deadline for submitting offers is 12pm on October 14th.

Investor Tools

Property Icon
$388,000
Estimated Property Value
$0Estimated Mortgage Balance
$168,421Estimated 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
$644/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,784
$376,974
2025
$105,000
$271,974
$376,974
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,784
$376,974

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brazos National Bank
Conventional
$240,000
No
First
Nov 15, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,579
$168,421
43%
57%
$1,439/mo

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: Allen

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809 Lake Highlands Drive | Property Details | No Agent List