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$230,000

809 Spruce Ln, Princeton, TX, 75407

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,445 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$159.17 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Microwave, Refrigerator
FlooringCarpet, Vinyl

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNR-11531-00B-0030-1
Lot Number3
SubdivisionArcadia Farms Phase Ib (Cpn)
Land UseResidential
Legal DescriptionARCADIA FARMS PHASE IB (CPN), BLK B, LOT 3
Census Tract031007
Assessed Land Value$100,000
Assessed Improvement Value$191,998
Assessment Year2025

About this property

Welcome home to this charming 3-bedroom, 2-bath residence offering 1,445 square feet of comfortable living in the desirable Arcadia Farms community of Princeton. Thoughtfully maintained, this home features an open-concept layout that's perfect for both everyday living and entertaining. The kitchen comes equipped with a brand-new microwave and dishwasher, and the refrigerator is included, making move-in even easier. Step outside to enjoy the covered patio overlooking the oversized backyard, offering plenty of room for pets, play, gardening, or creating your own outdoor retreat. Location is everything! Enjoy the convenience of being within walking distance of Lowe Elementary School, with the new Banschbach Middle School expected to open later this Fall just a short walk away. Cool off during the summer at the nearby community pool or spend time outdoors at Waller Park, located just behind Arcadia Farms and within walking distance of the home. Whether you're a first-time home buyer, looking to downsize, or searching for an excellent investment opportunity, this home offers comfort, convenience, and an exceptional location. Schedule your private showing today!

Investor Tools

$152,383Estimated Mortgage Balance
$139,615Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

Interested in this property?

Derek Dean

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
$20/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,714
$291,998
2025
$100,000
$191,998
$291,998
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,714
$291,998

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eagle Home Mortgage Llc
Conventional
$174,399
No
First
Mar 27, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,383
$139,615
47%
52%
$1,046/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$1,066/mo
+$1,084/mo
8.8%

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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