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$385,000

982 Mikaela Drive, Allen, TX, 75013

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,660 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$231.93 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven

Exterior

Lot Size2,252 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11592-00G-0360-1
Lot Number36
SubdivisionVillage At Twin Creeks Phase Four (Cal)
Land UseResidential
Legal DescriptionVILLAGE AT TWIN CREEKS PHASE FOUR (CAL), BLOCK G, LOT 36
Census Tract031507
Assessed Land Value$112,500
Assessed Improvement Value$310,780
Assessment Year2025

About this property

PRICED BELOW MARKET Value! Experience the best of West Allen living in this beautifully designed 3-bedroom, 2.5-bath townhome offering space, style and outstanding value. This two-story home presents a rare opportunity to own in a highly desirable location near Exchange Parkway, with shopping, restaurants and entertainment just minutes away with washer, dryer and refrigerator available as well! Inside, the open-concept floorplan is both functional and inviting, featuring a spacious kitchen with a large island, seating area, abundant prep space and a 5-burner gas cooktop. The kitchen opens seamlessly to the dining and living areas, creating an ideal setting for entertaining or everyday living. A large patio just off the main living space adds even more room to relax and enjoy the outdoors. Upstairs, the private bedroom layout includes a generous primary suite with en-suite bath, two additional bedrooms, a full secondary bath and a flexible space perfect for a second lounge, playroom or work-from-home setup. The second-floor utility room adds another layer of convenience, while the attached two-car garage provides ample storage and parking. Residents enjoy a low-maintenance lifestyle along with access to community amenities including a pool, fitness center and community center. Combining location, layout and price, this home is an exceptional find in West Allen.

Investor Tools

Property Icon
$423,280
Estimated Property Value
$0Estimated Mortgage Balance
$156,876Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,540 /month
Positive
Cash Flow Estimate:
$847 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$836/month
$480/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,914
$423,280
2025
$112,500
$310,780
$423,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,914
$423,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Associated Mortgage Bankers Inc
Unknown
$299,250
No
First
Oct 30, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,404
$156,876
37%
63%
$1,795/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,410/mo
$2,275/mo
+$135/mo
6.8%

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.

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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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