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$758,000

NAL Estimated Property Value

916 Cove Trl, Little Elm, TX, 75068

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,272 Sq Ft
price_per_sqft$265.89 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringVaries

Exterior

Lot Size31,703 sqft

Building Information

Year Built1977
Stories3
Roof Type105
Garage Spaces2

Land Information

APNR46975
Lot Number7,8
SubdivisionCarter Sec 2
Land UseResidential
Legal DescriptionCARTER SEC 2 BLK 2 LOT 7,8
Census Tract020130
Assessed Land Value$208,282
Assessed Improvement Value$522,673
Assessment Year2025

About this property

Rare opportunity to own a true masterpiece on Lake Lewisville! If you seek privacy, great lake access & a show piece home, this is it! Home was taken down to studs in 2016 & everything was redone at that time inc electrical, plumbing, etc. by builder featured in architectural magazines. Truly custom home with many luxurious features you will love such as the walls of windows allowing you to commune with the natural beauty surrounding you. Home is located outside of city limits so enjoy your fireworks & your tax rate currently at 1.417%! Large covered & open patios & firepit for camping at home. Gentle sloping lake access perfect for kayaking, paddleboarding, or tying off your boat. Live nearly off the grid: deep well with delicious water from the aquifer & aerobic septic watering your approx .72 acre property without a water bill. Seller installing a new roof before closing. Enjoy peace and serenity every day at home within minutes of fun downtown Little Elm & Frisco. Come see quick!

Investor Tools

Property Icon
$758,000
Estimated Property Value
$573,905Estimated Mortgage Balance
$185,006Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,220 /month
Positive
Cash Flow Estimate:
$1,740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$419/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,236
$730,955
2025
$208,282
$522,673
$730,955
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,236
$730,955

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sage Home Loans Corp
Conventional
$591,500
No
First
Aug 23, 2024
Sep 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$573,905
$184,095
24%
76%
$3,547/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$3,547/mo
+$203/mo
5.9%

City: Little Elm

916 Cove Trl | Property Details | No Agent List