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$344,900

1309 Coral Reef Ln, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,630 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.6 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-3830-006-0060-1
Lot Number6
SubdivisionNewport Harbor Addition Phase Iii (Cwy)
Land UseResidential
Legal DescriptionNEWPORT HARBOR ADDITION PHASE III (CWY), BLK 6, LOT 6
Census Tract031308
Assessed Land Value$95,000
Assessed Improvement Value$245,680
Assessment Year2025

About this property

REDUCED PRICE & $5K toward Buyers Closing Costs! This GEM has undergone some amazing updates. The moment you step inside, you'll be greeted by the beauty & durability of this modern new LVP flooring, spanning the entry, hallways, living rm, & master bedroom. Say goodbye to dull walls! We've given this home a fresh coat of paint, bringing new life to the interior walls, ceilings, trim, & even the garage. Prepare to be wowed by the kitchen's makeover with upgraded cabinets, elegant GRANITE countertops & tumbled stone backsplash. Enjoy newer stainless appliances, including a microwave & fridge. The master suite boasts double sinks, garden tub, separate shower, & a fabulous WALK-IN CLOSET. Step outside to your own nice-sized yard with shade trees, you'll love spending time on the large COVERED PATIO. This home is back on the market due to a buyer's change of heart. Don't miss this second chance to make it yours! Let's get you into your new home before someone else snatches it up.

Investor Tools

Property Icon
$341,000
Estimated Property Value
$315,000Estimated Mortgage Balance
$41,299Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,069 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,296
$340,680
2025
$95,000
$245,680
$340,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,296
$340,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Centennial Bank
Conventional
$315,000
No
First
Sep 29, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,701
$41,299
12%
88%
$1,889/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,889/mo
+$671/mo
9.0%

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.

Explore Texas Explore This Area
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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1309 Coral Reef Ln | Property Details | No Agent List