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$419,930

NAL Estimated Property Value

877 Merino Dr, Allen, TX, 75013

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,857 Sq Ft
price_per_sqft$241.79 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Lot Size4,658 sqft

Building Information

Year Built2014
Stories2
Garage Spaces2

Land Information

APNR-9437-00B-005R-1
Lot Number5R
SubdivisionVillas Of Cottonwood Creek Phase 2 (Cal)
Land UseResidential
Legal DescriptionVILLAS OF COTTONWOOD CREEK PHASE 2 (CAL), BLK B, LOT 5R; REPLAT REPLAT
Census Tract031418
Assessed Land Value$115,500
Assessed Improvement Value$304,430
Assessment Year2025

About this property

This amazing Allen Townhome is ready for you to move right in and well-cared for. The property is situated on a interior lot and features an enormous backyard. Townhouses with a backyard can accommodate a small Dog or a growing family and have people over for barbecues. The first floor features an open floor plan with a spacious living room and marble like tile floors throughout. Master has a Stand-up shower, double sinks, and a large walk-in closet in the primary bedroom. Flooring downstairs-March 2023, Bathrooms upgraded March 2023,Painted March 2023,Garage painted August'23, Backyard Concrete done in March 2023,Carpet upstairs- August'19, A new roof '19. Located on the Cottonwood Creek Trail and the Bike Trail, this house is ideal for those who enjoy hiking and biking. A premier Allen location, minutes from HW75, Allen Premium Outlets, the Villages of Allen, and Fairview, several fine dining options. All major highways are easily accessible. Allen schools are highly sought after.

Investor Tools

Property Icon
$419,930
Estimated Property Value
$380,894Estimated Mortgage Balance
$39,036Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,694 /month
Positive
Cash Flow Estimate:
$898 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$685/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,119
$419,930
2025
$115,500
$304,430
$419,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,119
$419,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$399,000
No
First
Nov 30, 2023
Dec 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$380,894
$39,036
9%
91%
$2,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,410/mo
$3,093/mo
$-683/mo
6.9%

Learn About the Market: Opportunity in Texas

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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: Allen

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877 Merino Dr | Property Details | No Agent List