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512 Chip St, Little Elm, TX, 75068

3beds
2baths
1,630sqft
$350,000
$215price/sqft
$2,563/moest. monthly cost
$102,520/yrincome needed

About This Home

Getting Around

10
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

4/10
6/10
4/10

Construction

Condition

  • Year built: 2022

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional,Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Cable TV
  • Flooring: Ceramic Tile

Interior Area

  • Total interior livable area: 1,630 sqft

Living Room

  • Level: First
  • Dimensions: 12 x 12

Master Bedroom

  • Features: Ceiling Fan(s),Walk-In Closet(s)
  • Level: First
  • Dimensions: 12 x 12

Property

Details

  • Parcel number: R983332

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 7,535 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Tornado
Hail
Heat Wave
Cold Wave
Ice Storm
Strong Wind

FEMA Declared Disasters Across Texas Counties

Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$225$2,700
Property Taxes $331$3,972
Electricity $238$2,859
Total$2,563$30,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$87,874/yr
40% on housing$76,890/yr
45% on housing$68,346/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.4%
-1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$215This listing

vs Other Active Listings

Avg $/sqft

ZIP 75068$183
Denton County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 75068$182
Denton County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-16Listed for sale$374,999
2024-06-12Listing removed--
2024-06-01Listed for rent$2,300
2023-10-07Listing removed--
2023-08-29Price change$2,375
2023-08-07Listed for rent$2,500

For Sale by Agent

AgentAntonio Gipson
BrokerageJoGip Property Management

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