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$316,000

115 Spence Dr, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,794 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.31 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built1983
Stories1
Garage Spaces2

Land Information

APNR-1289-001-0060-1
Lot Number6
SubdivisionOaks Addition No 2 (Cwy)
Land UseResidential
Legal DescriptionOAKS ADDITION NO 2 (CWY), BLK A, LOT 6
Census Tract031320
Assessed Land Value$80,750
Assessed Improvement Value$225,530
Assessment Year2025

About this property

This charming and turnkey single-story home is ready for new owners to enjoy! With inviting curb appeal and a prime location near Lake Ray Hubbard and Lavon Lake, this home offers both comfort and convenience. Inside, neutral paint tones create a blank canvas for your personal touch. The lovely kitchen provides ample cabinet and counter space, perfect for meal prep and entertaining. Enjoy two dining areas and two dedicated living spaces, both warmed by a stunning dual-sided fireplace. The spacious primary suite is a true retreat, featuring a private ensuite with a double vanity, relaxing soaking tub, and two walk-in closets. Step outside to the expansive fenced backyard, complete with patio space for outdoor enjoyment. The yard is meticulously maintained. Don’t miss this fantastic opportunity to make this home your own! Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

Property Icon
$316,000
Estimated Property Value
$0Estimated Mortgage Balance
$316,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,093
$306,280
2025
$80,750
$225,530
$306,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,093
$306,280

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$316,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
N/A
+$2,560/mo
9.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Wylie

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115 Spence Dr | Property Details | No Agent List