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$648,846

$679,976

1318 Lantern Faith Dr, Wylie, TX, 75098

On MarketInfo
Just AddedInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.03 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Range, Microwave

Exterior

Lot Size8,840 sqft

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APNR-11127-0HH-0030-1
Lot Number3
SubdivisionInspiration Phase 3b-1
Land UseResidential
Legal DescriptionINSPIRATION PHASE 3B-1, BLK HH, LOT 3
Census Tract031314
Assessed Land Value$160,000
Assessed Improvement Value$499,045
Assessment Year2025

About this property

Welcome to this stunning 5-bedroom, 3.5-bath home offering a spacious open-concept layout designed for both everyday living and entertaining. The first floor features a private office, elegant formal dining room, and a gourmet kitchen complete with stainless steel appliances, custom cabinetry, granite countertops, and a large island overlooking the living area. The luxurious primary suite includes a spa-like bath with dual vanities, garden tub, separate shower, and a generous walk-in closet. Upstairs, you’ll find a second primary suite with its own en suite bath featuring double vanities, a walk-in closet, and a large private balcony overlooking the backyard. The oversized game room opens to a second balcony facing the front yard, creating the perfect space to relax or entertain. Three additional bedrooms and two full bathrooms complete the second level. Ceiling fans are featured throughout every bedroom and on both balconies for added comfort. Located in the highly sought-after Inspiration community, residents enjoy resort-style amenities including five pools, a lazy river, playgrounds, pickleball and volleyball courts, a zip line, and so much more!

Investor Tools

Property Icon
$685,000
Estimated Property Value
$373,000Estimated Mortgage Balance
$356,334Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

Interested in this property?

RJ Avery

Flex Group Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,292/month
$989/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,080
$659,045
2025
$160,000
$499,045
$659,045
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,080
$659,045

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$373,000
No
First
Jun 1, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$329,349
$368,651
52%
48%
$2,237/mo

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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