1420 W Mcdermott Dr Unit432, Allen, TX 75013 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 1997Total Assessed Value $73,500,000County Collin

Property Details

The Apartments property 1420 W Mcdermott Dr Unit432, Allen, TX 75013 is located in Collin County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $73,500,000.

The gross building area is 456,714 square feet and the land area is 1,134,917 square feet for this Apartment Garden (1 - 4 stories) built in 1997.

Legal description: Settlers Gate (Cal), Blk A, Lot 1

$73,500,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,652

Avg Rent

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area456,714

Land Size1,134,917

Land Value$13,051,546

Improved Value$60,448,454

Total Assessed Value$73,500,000

Year Built1997

County NameCollin

Account Number2053092

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space46

HeatingNone

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport,Detached Garages

Bedrooms14

Bathrooms12

PatioAvailable

Access Gates1

Business Center1

Walk-in Closets1

Emergency Maintenance1

Number of Units432

Sales History

9/2/2016

Arms-lengthNot Disclosed

Buyer

Bre Bh Settlers Gate Apartments Lp

Seller

Bh Settlers Gate Apartments Lp

Book Number

20160908001196650

Recording Date

9/2/2016

Transaction Details

Bre Bh Settlers Gate Apartments Lp acquired the property from Bh Settlers Gate Apartments Lp through a Arms-length transaction on 9/2/2016 for .

8/31/2016

Arms-lengthNot Disclosed

Buyer

Bre Bh Settlers Gate Apartments Lp

Seller

Bh Settlers Gate Apartments Lp

Book Number

20160902001176130

Recording Date

8/31/2016

Transaction Details

Bre Bh Settlers Gate Apartments Lp acquired the property from Bh Settlers Gate Apartments Lp through a Arms-length transaction on 8/31/2016 for .

8/31/2016

Arms-length$61,250,000

Buyer

Settlers Gate Apartments Lp

Seller

Bre Bh Settlers Gate Apartments Lp

Book Number

20160902001176140

Recording Date

8/31/2016

Transaction Details

Settlers Gate Apartments Lp acquired the property from Bre Bh Settlers Gate Apartments Lp through a Arms-length transaction on 8/31/2016 for $61,250,000.

8/31/2016

Arms-lengthNot Disclosed

Buyer

Settlers Gate Apartments Lp

Seller

Bre Bh Settlers Gate Apartments Lp

Book Number

20160908001196660

Recording Date

8/31/2016

Transaction Details

Settlers Gate Apartments Lp acquired the property from Bre Bh Settlers Gate Apartments Lp through a Arms-length transaction on 8/31/2016 for .

8/1/2007

Arms-length$42,181,200

Buyer

Bh Settlers Gate Apartments Lp

Seller

Bes Settlers Gate Fund Iii Lp

Book Number

20070814001129700

Recording Date

8/1/2007

Transaction Details

Bh Settlers Gate Apartments Lp acquired the property from Bes Settlers Gate Fund Iii Lp through a Arms-length transaction on 8/1/2007 for $42,181,200.

Property constructed in 1997

YSale Price (USD) byXSales Year

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Mortgage History

4/1/2017

Arms length residential transactions purchase or resales$49,000,000

Borrower

Settlers Gate Apartments Lp

Lender

Berkadia Commercial Mortgage Llc

Book Number

20170425000523480

Recording Date

4/1/2017

Transaction Details

Settlers Gate Apartments Lp borrowed the property from Berkadia Commercial Mortgage Llc through a Arms length residential transactions purchase or resales transaction on 4/1/2017 for $49,000,000.

8/31/2016

Helocs both purchase money and non purchase money helocs$49,000,000

Borrower

Settlers Gate Apartments Lp

Lender

The Standard Apartments Lender Lp

Book Number

20160902001176150

Recording Date

8/31/2016

Transaction Details

Settlers Gate Apartments Lp borrowed the property from The Standard Apartments Lender Lp through a Helocs both purchase money and non purchase money helocs transaction on 8/31/2016 for $49,000,000.

Property constructed in 1997

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$13,619,004	$58,525,379	$72,144,383	$72,144,383	Settlers Gate Apartm...	205 Benton Dr Ofc	Settlers Gate (Cal),...	Cnmf.Ls2E	S3621	1,134,917	456,714
2025	$13,051,546	$57,448,454	$70,500,000	$70,500,000	Settlers Gate Apartm...	C/o Rivendell Global...	Settlers Gate (Cal),...	Cnmf.Ls2E	S3621	1,134,917	456,714
2024	$12,484,087	$63,615,913	$76,100,000	$76,100,000	Settlers Gate Apartm...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2023	$12,484,087	$60,017,613	$72,501,700	$72,501,700	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2022	$11,349,170	$58,150,830	$69,500,000	$69,500,000	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2021	$11,349,170	$51,650,830	$63,000,000	$63,000,000	Settler's Gate Apart...	205 Benton Dr Ofc	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2020	$9,079,336	$55,711,178	$64,790,514	$64,790,514	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2019	$9,079,336	$50,730,854	$59,810,190	$59,810,190	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2018	$9,079,336	$54,020,664	$63,100,000	$63,100,000	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714
2017	$9,079,336	$53,649,750	$62,729,086	$62,729,086	Settler's Gate Apart...	C/o Rivendell Global...	Settlers Gate (Cal),...	CNMF.LS2E	S3621	1,134,917	456,714

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Showing 1 to 10 of 18 entries

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1420 W Mcdermott Dr Unit432, Allen, TX 75013	2053092	Apartments	Apartment Garden (1 - 4 stories)	Settlers Gate Apartments Lp	Collin	-	$ 61,250,000	2016-08-31	$ 134.11	1997	456,714	432
701 Legacy Dr Unit346, Plano, TX 75023	2058069	Apartments	Apartment Garden (1 - 4 stories)	701 Legacy Drive Llc &	Collin	2.2	$ 44,688,000	2025-09-29	$ 131.26	1996	340,451	346
7201 Stacy Rd Unit33, Mckinney, TX 75070	2838477	Apartments	Apartment Garden (1 - 4 stories)	Trg Stacy Alma Llc &	Collin	3.4	$ 64,584,800	2025-11-21	$ 139.06	2022	464,454	33
2001 E Spring Creek Pkwy Unit300, Plano, TX 75074	2070489	Apartments	Apartment Garden (1 - 4 stories)	Spring Creek Fee Owner Llc	Collin	3.4	$ 58,235,380	2024-08-21	$ 201.08	1997	289,620	300
16220 Phoebe Rd, Frisco, TX 75035	2807390	Apartments	Apartment Garden (1 - 4 stories)	Frisco Apartments Acquisitions I Llc &	Collin	3.8	$ 93,765,000	2024-07-09	$ 189.95	2021	493,621	-
355 Vistaglen Dr Unit255, Plano, TX 75074	2672946	Apartments	Apartment Garden (1 - 4 stories)	Bell Valueadd Fund Viii Gateway Lp	Collin	7.3	$ 158,895,100	2024-06-20	$ 463.69	2016	342,673	255
3191 Medical Center Dr Unit348, Mckinney, TX 75069	2512772	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City Of Mckinney Texas	Collin	6.1	$ 117,754,210	2024-10-17	$ 365.72	2001	321,982	348
6300 Windcrest Dr Unit380, Plano, TX 75024	2058512	Apartments	Apartment Garden (1 - 4 stories)	Key Creekside Llc	Collin	6.5	$ 87,279,920	2024-09-26	$ 227.99	1996	382,817	380
3700 Mapleshade Ln Unit 300 Unit300, Plano, TX 75075	2560139	Apartments	Apartment Garden (1 - 4 stories)	Bes Axis Plano Fund Xi Llc & Bes Axis Plano Fund Xii Llc &	Collin	7.8	$ 57,190,000	2025-09-03	$ 167.81	2014	340,812	300
3700 Preston Rd Unit302, Plano, TX 75093	1976049	Apartments	Apartment Garden (1 - 4 stories)	Simfa Lakeshore Fee Simple Llc	Collin	6.4	$ 54,983,530	2024-09-26	$ 212.30	1991	258,988	302
3700 Legacy Dr Unit 320 Unit320, Frisco, TX 75034	2087227	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Legacy Drive Frisco Llc	Collin	7.9	$ 86,117,500	2025-08-25	$ 223.86	1999	384,698	320

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1420 W Mcdermott Dr Unit432, Allen, TX 75013	—	-	1,134,917	1997	456,714	$ 73,500,000	$ 13,051,546	-
Berkeley Point Capital Llc	7200 Preston Rd Unit342, Plano, TX 75024	08/29/2025	$ 47,775,000	932,968	1995	319,322	$ 57,602,104	$ 16,793,424	Cws Brooks On Preston Lp
Wells Fargo Bank Na	8100 Memorial Ln Unit144, Plano, TX 75024	08/29/2025	$ 116,000,000	463,958	2007	366,350	$ 43,227,050	$ 6,959,363
Wells Fargo Bank Na	8123 Ohio Dr Unit276, Plano, TX 75024	08/29/2025	$ 116,000,000	495,321	1998	262,102	$ 39,901,893	$ 7,429,815
Wells Fargo Bank Na	8123 Ohio Dr Unit191, Plano, TX 75024	08/29/2025	$ 116,000,000	898,469	1998	212,507	$ 27,709,648	$ 13,477,035
Kcore Lending I Lp	2300 Kathryn Ln Unit480, Plano, TX 75025	08/19/2025	$ 77,185,000	1,470,760	1998	495,308	$ 89,672,296	$ 22,061,400	Ch Realty Xmf Plano 23 Hundre
Citibank Na	5701 Mckinney Place Dr, Mckinney, TX 75070	07/18/2025	$ 60,475,000	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	Kinstead Mckinney Property Lp
Ing Capital Llc	8900 Independence Pkwy Unit324, Plano, TX 75025	07/11/2025	$ 4,750,000	821,803	2000	384,766	$ 57,240,818	$ 14,792,453
Aml Funding Llc	1519 Teresa Ann Ln, Allen, TX 75013	06/18/2025	$ 418,400	5,305	2023	2,196	$ 490,110	$ 153,615
Berkadia Commercial Mtg Llc	1940 W Spring Creek Pkwy Unit115, Plano, TX 75023	06/09/2025	$ 11,600,000	219,634	1999	98,804	$ 10,900,000	$ 3,953,410
Vip Mortgage Inc	1712 Paytyn Dr, Allen, TX 75013	03/31/2025	$ 343,000	3,000	2023	2,108	$ 466,110	$ 133,000

Mean$ 50,796,937

Median$ 43,054,000.0

Loan Amount Range$ 343,000 - $ 116,000,000

Showing 1 to 10 of 26 entries

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Tenant Details

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License Details

License Number

32092680555

Permit Holders

Issued By

Sales Tax Permit Holders

State Authority

Issue Date

12/14/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	ANERI LIUSHE LLC
	Address Line	1420 w mcdermott dr apt 1531
	City / State / Zip	allen TX 75013
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48085
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	75013
Registration Details	SOS Code

License Timeline

License Issued

12/14/2023

Currently Active

Status: -

Renewal Required

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