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$893,319

NAL Estimated Property Value

1221 Waterton Dr, Prosper, TX, 75078

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,507 Sq Ft
price_per_sqft$256.63 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesBuilt In Refrigerator, Double Oven, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Grill, Rain Gutters
Lot Size15,000 sqft

Building Information

Year Built2017
Stories1
Garage Spaces3

Land Information

APNR-11168-00D-0050-1
Lot Number5
SubdivisionProsper Lake On Preston Phase 1 (Cpr)
Land UseResidential
Legal DescriptionPROSPER LAKE ON PRESTON PHASE 1 (CPR), BLK D, LOT 5
Census Tract030303
Assessed Land Value$225,000
Assessed Improvement Value$668,319
Assessment Year2025

About this property

Don’t miss the opportunity for you to own this move in ready home located in acclaimed Prosper ISD. This gorgeous one-story home built in 2017 sits on .34 acre, with all the upgrades already done for you! Luxury finishes such as hardwood floors throughout most of the home, wood beam ceiling in the living room and stunning stacked stone fireplace. The open concept kitchen is made for entertaining and includes upgraded granite, 42” gas cooktop, double ovens, and built-in refrigerator. Just off the kitchen is a wonderful wine grotto. Twelve-foot sliding back doors open to your backyard sanctuary, complete with an outdoor grill and fireplace. A refreshing pool is calling your name or relax in the spa. The owner’s suite is also a place to retreat and unwind. The stunning master bathroom will not disappoint, and the oversized closet is sure to please! Located just a few short miles to the PGA Frisco project along with countless nearby restaurants, shopping, and entertainment. Schedule today!

Investor Tools

Property Icon
$893,319
Estimated Property Value
$679,197Estimated Mortgage Balance
$214,122Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,686/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,763
$893,319
2025
$225,000
$668,319
$893,319
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,763
$893,319

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$720,056
No
First
Sep 20, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$679,197
$214,122
23%
76%
$3,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,519/mo
$-1,069/mo
4.6%

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: Prosper

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