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$425,000

716 New Marion Rd, Little Elm, TX, 75068

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,521 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.58 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Gas Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Vented Exhaust Fan, Water Purifier
FlooringWood

Exterior

Lot Size7,187 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR754499
Lot Number15
SubdivisionPaloma Creek South Phase 11b
Land UseResidential
Legal DescriptionPALOMA CREEK SOUTH PHASE 11B BLK B LOT 15
Census Tract020137
Assessed Land Value$122,186
Assessed Improvement Value$374,565
Assessment Year2025

About this property

From its light-filled interiors to its expansive outdoor setting, 716 New Marion Road brings together modern elegance, thoughtful design, and exceptional flexibility in one of Little Elm’s most convenient locations. This 4-bedroom, 3-bath residence features 2 primary suites along with 2 additional bedrooms, creating a floor plan with a level of versatility rarely found in a home of this scale. Abundant natural light fills the inviting living room, where a cozy fireplace creates a warm focal point and flows effortlessly into the eat-in kitchen and breakfast area. Designed for both everyday living and entertaining, the kitchen features a generous island, built-in stainless steel appliances, walk-in pantry, and abundant prep space. The main primary suite is a private retreat with an ensuite bath featuring dual sinks, separate vanities, a separate shower, soaking tub, and spacious walk-in closet. The second primary suite adds flexibility and privacy, while the 2 additional bedrooms can accommodate guests, a home office, hobbies, or other needs. Outside, the large private backyard extends the living space with a covered patio and gazebo, offering multiple settings for outdoor dining, entertaining, or relaxing. Set in a highly desirable Little Elm location, the property offers convenient access to shopping, dining, parks, recreation, major roadways, and the many amenities of the 75068 area. With its sophisticated interiors, dual-primary layout, abundant natural light, and generous outdoor living, this residence offers a refined Little Elm lifestyle with exceptional space and flexibility. 3D tour available online.

Investor Tools

$224,153Estimated Mortgage Balance
$272,598Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,981 /month
Positive
Cash Flow Estimate:
$994 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$880/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,078
$496,751
2025
$122,186
$374,565
$496,751
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,078
$496,751

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Airlines Fcu
Conventional
$245,000
No
First
Apr 8, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,153
$272,598
54%
45%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,870/mo
$1,744/mo
+$1,126/mo
6.9%

City: Little Elm

716 New Marion Rd | Property Details | No Agent List