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$605,000

NAL Estimated Property Value

1514 Mariners Hope Way, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,884 Sq Ft
price_per_sqft$207.7 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Tankless Water Heater, Water Softener
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size9,286 sqft

Building Information

Year Built2017
Stories1
Garage Spaces3

Land Information

APNR-10799-00H-0040-1
Lot Number4
SubdivisionInspiration Phase 2b
Land UseResidential
Legal DescriptionINSPIRATION PHASE 2B, BLK H, LOT 4
Census Tract031314
Assessed Land Value$160,000
Assessed Improvement Value$445,000
Assessment Year2025

About this property

This home delivers a refined, LUXURY feel w an exceptional level of finish-out AND epic Outdoor Living! Stone flowerbeds and a full front-facing 3-car garage creates a striking first impression, complete w overhead and wall-mounted storage. Inside, wood-look tile flooring flows seamlessly, complemented by extensive crown molding and elevated design details. Just off the entry, a private Study-Office-Flex room offers the perfect work-from-home or second living space, while a Formal Dining Room provides an elegant setting for gatherings. The gourmet Kitchen is both stunning and functional, featuring quartz countertops, dual ovens, abundant cabinetry, and RO water faucet, all opening to a beautifully designed Living space anchored by a floor-to-ceiling stone fireplace and surround sound. The Primary Suite offers a true retreat, highlighted by bay windows, a spacious layout, large walk-in closet, and spa-inspired Bath w frameless shower. Secondary Bedrooms and Bathrooms are generously sized and thoughtfully positioned. The Laundry room features built-in cabinetry and sink, plus an additional mud rack, storage room, and several linen closets! The Outdoor Living experience is beyond impressive! An OVERSIZED Covered Patio creates a resort-style setting, complete w automatic shades, wood-burning fireplace, and plumbed for your future outdoor kitchen with gas stub and water line. It's perfect for year-round enjoyment, and still plenty of lush green space for play! Built w efficiency and quality in mind, this Meritage home includes spray foam insulation, climate controlled attic, and whole-house water filtration-softener system. Custom-cut Christmas lighting will be left behind for simple seasonal setup. Luxury, comfort, and functionality come together seamlessly in this meticulously upgraded home! Just minutes to Bush Elementary! Inspiration features multiple pools, lazy river, 2 story fitness center, pickleball courts, playgrounds, dog parks, HOA events, and so much more!

Investor Tools

Property Icon
$605,000
Estimated Property Value
$374,020Estimated Mortgage Balance
$230,980Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,630 /month
Positive
Cash Flow Estimate:
$1,210 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,109/month
$870/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,289
$605,000
2025
$160,000
$445,000
$605,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,289
$605,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$331,100
No
First
May 24, 2021
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$374,020
$230,980
38%
62%
$2,466/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,336/mo
+$4/mo
6.6%

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: Wylie

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1514 Mariners Hope Way | Property Details | No Agent List