$1,520,000
↓ $5K (0.3%)
●
House -
For Sale
5501 Somerset Drive
Parker, TX 75002
5 Beds
4 Baths,
1
Half Bath
4,819 Ft²
$7,853
Est. Monthly
$113
HOA / Fees
About This Property
Experience elevated single-story living on approximately 1.11 acres
in Parker. This 4,819-square-foot estate offers room to relax,
entertain, and enjoy life at your own pace. Host memorable movie
nights in the dedicated theater, work comfortably from the private
office, or transform the flexible bonus room into a guest space,
game room, or personal retreat. The primary suite provides a
spa-inspired escape with separate vanities and generous walk-in
closets. Automatic patio screens create effortless indoor-outdoor
living at the touch of a button, while a built-in central vacuum
system adds everyday convenience. A three-car garage provides ample
space for vehicles and storage. Expansive living areas, refined
finishes, and a generous homesite come together to offer modern
luxury and an exceptional lifestyle near Allen's shopping, dining,
and major roadways.
Unit Size
4,819 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$315
Property Type
House
Property Taxes
$277
HOA Dues
$113
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 days ago (NTREIS #21369650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$1,520,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by Bradford Elite Real Estate LLC | $1,525,000 | |
| Listed by Bradford Elite Real Estate LLC | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Driveway
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Built-in Features, Central Vacuum, Double Vanity, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Decorative Lighting
Appliances: Dishwasher, Disposal, Gas Range
Flooring Type: Carpet, Ceramic Tile
Laundry Features: Full Size W/D Area
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Exterior Details
Square Footage: 4819
Security Features: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
Year Built: 2025
Levels: One
Window Features: Window Coverings
Patio and Porch Features: Covered
Lot Size Area: 1.11
Lot Size Units: Acres
Lot Size Acres: 1.11
Lot Size Square Feet: 48351.6
Tax Lot: 35
Financial Details
Tax Annual Amount: $3,319
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Central, Electric
Location Details
HOA/Condo/Coop Fee Includes: Management Fees
HOA Fee: $1,350
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Parker
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Currently no similar homes aroundNearby Rentals
Listed by: Deya Chamberlain, Bradford Elite Real Estate LLC
Last Updated: 2 days ago
Data Source: NTREIS MLS, MLS# 21369650
Details provided by NTREIS and may not match the public record
Last Updated: 2 days ago
Data Source: NTREIS MLS, MLS# 21369650
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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