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$592,805

NAL Estimated Property Value

116 Parkwood Dr, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,741 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.27 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Hardwood, Tile

Exterior

Private PoolPrivate Pool

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10680-00A-0160-1
Lot Number16
SubdivisionParkside Phase Ii (Cwy)
Land UseResidential
Legal DescriptionPARKSIDE PHASE II (CWY), BLK A, LOT 16
Census Tract031332
Assessed Land Value$165,000
Assessed Improvement Value$427,805
Assessment Year2025

About this property

Discover unparalleled comfort and versatility in this stunning 4 bedroom, 3 and a half bath residence that boasts an array of exquisite features perfect for modern living and entertaining. Nestled in a desirable Wylie neighborhood, this property offers an unbeatable location with scenic greenbelt and pond views, providing a serene backdrop for your everyday life. Step inside to a beautifully designed interior, where a coastal design theme gracefully ties together the open-concept living spaces. The main level is adorned with a dedicated office, ideal for those who work from home, a closet turned into a “cloffice” (a must see) and an open concept kitchen and living area. The heart of the home centers around a light-filled living area, seamlessly connecting to a gourmet kitchen boasting ample counter space, perfect for hosting gatherings. Retreat to the owner's suite, a sanctuary of tranquility with a vaulted ceiling adding to the airy ambiance. This retreat provides a private haven, complete with a luxurious en-suite bath tailored for relaxation and a large walk-in closet. The remaining bedrooms and baths are thoughtfully designed upstairs separated by a spacious game room crafted for fun and relaxation to offer both elegance and functionality. Venture outdoors to discover your personal paradise equipped with a sparkling pool for refreshing swims. Entertain guests under the pergola or around the fire pit area, making every evening an opportunity for laughter and camaraderie. The gate cut in the back fence allows for easy access to the spacious greenbelt and pond that becomes an every day adventure for all. The extended garage not only accommodates vehicles but also offers additional storage space. A 4x6 storm shelter enhances peace of mind, while a shed provides extra storage possibilities. Entertainment center in living conveys. Negotiable items: two refrigerators, washer, dryer, sofas, loveseat, chairs, entertainment center upstairs, books cases upstairs, three TVs

Investor Tools

Property Icon
$592,805
Estimated Property Value
$378,221Estimated Mortgage Balance
$214,584Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,557 /month
Positive
Cash Flow Estimate:
$1,186 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,122/month
$264/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,500
$592,805
2025
$165,000
$427,805
$592,805
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,500
$592,805

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$385,000
No
First
May 2, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$378,221
$214,584
36%
64%
$2,309/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,573/mo
+$767/mo
6.8%

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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116 Parkwood Dr | Property Details | No Agent List