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$580,000

2828 Luke Dr, Farmersville, TX, 75442

$628,226 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,796 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.44 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Electric Oven, Electric Range, Microwave
FlooringWood

Exterior

Lot Size1.86 acres

Building Information

Year Built2019
Stories1
Garage Spaces3

Land Information

APNR-11442-000-0510-1
Lot Number51
SubdivisionColina Creek Estates Phase 2
Land UseResidential
Legal DescriptionCOLINA CREEK ESTATES PHASE 2, LOT 51
Census Tract031102
Assessed Land Value$215,625
Assessed Improvement Value$438,375
Assessment Year2026

About this property

ASSUMABLE 2.75% VA Loan. COLLIN COUNTY ACREAGE, POND VIEWS & A 3-CAR GARAGE! Welcome to 2828 Luke Drive in Farmersville, TX, where a beautiful brick-and-stone home built in 2019 sits on a 1.86-acre tract with pond access at the rear. Offering 4 bedrooms, 2.5 bathrooms, a dedicated office, formal dining room and flexible living spaces, this home delivers the space and setting to enjoy North Texas living. Step inside to an inviting great room featuring a wood-burning fireplace and exposed timber beams, plantation shutters with an open layout flowing into the kitchen and casual dining area. The kitchen offers a breakfast bar for gathering, meal prep or conversation, while the separate dining room is ready for holidays and special occasions. The spacious primary suite is a welcome retreat with a luxurious bath featuring an expansive glass-enclosed shower, garden soaking tub, dual vanities and a walk-in closet with plenty of room for boots and hats! A fourth bedroom with double doors offers flexibility for a media room, private retreat or additional living space. Outside, relax on the covered back porch overlooking the pond and enjoy the breathing room of 1.86 acres. A side-entry, 3-car garage with both double and single doors provides space for vehicles, storage and hobbies. Located in popular Farmersville ISD and minutes from historic downtown Farmersville, in Collin County, with access to US 380 and the area's proposed US 380 bypass. McKinney National Airport is approximately 30 minutes away. Experience the appeal of acreage living with access to growing North Texas destinations. Schedule your private showing! KEYWORD SEARCH: Farmersville TX homes for sale, Collin County real estate, Farmersville ISD, 1.86 acres, built 2019, 4 bedrooms, 2.5 baths, pond access, pond views, covered porch, 3-car garage, home office, wood-burning fireplace, media room, primary suite, historic downtown Farmersville, US 380 bypass, McKinney National Airport.

Investor Tools

$401,515Estimated Mortgage Balance
$252,485Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$628,226
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,924 /month
Positive
Cash Flow Estimate:
$1,308 /month

Interested in this property?

Travis Hunt

Texan Team

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$843/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,848
$654,000
2026
$215,625
$438,375
$654,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,848
$654,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Va
$451,020
Yes
First
Feb 10, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$401,515
$252,485
38%
61%
$2,705/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,640/mo
$2,705/mo
$-65/mo
4.8%

City: Farmersville