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$872,000

NAL Estimated Property Value

1544 Vermillion Dr, Prosper, TX, 75078

$947,779 ARVInfo
SoldInfo
8/08/26
Beds4 Beds
Baths5 Bath
Baths3,761 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.81 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Exterior

Lot Size8,906 sqft

Building Information

Year Built2023
Stories2
Garage Spaces3

Land Information

APNR-12742-00D-0020-1
Lot Number2
SubdivisionLight Farms Bartlett Neighborhood
Land UseResidential
Legal DescriptionLIGHT FARMS BARTLETT NEIGHBORHOOD PHASE 2(GCN), BLK D, LOT 2
Census Tract030306
Assessed Land Value$210,000
Assessed Improvement Value$646,059
Assessment Year2025

About this property

Welcome to 1544 Vermilion Drive, featuring the Pampa floor plan by Toll Brothers in the highly sought after Light Farms community. Situated on a north facing lot with green space and peaceful water views at the front of the home, this residence offers a desirable setting within the neighborhood and features the same floor plan as the former Toll Brothers model home that recently sold at 1700 Bridgewater. The home offers an open layout that flows naturally between the living, dining, and kitchen areas, creating a comfortable space for everyday living and entertaining. The kitchen serves as the heart of the home, featuring an oversized island with waterfall style countertops, custom cabinetry, stainless steel appliances, a gas cooktop, and generous prep space. The primary suite provides a spacious and private retreat, while the primary bathroom includes dual vanities and a large walk in shower, creating a relaxing and well designed space. A secondary bedroom located downstairs with views toward the front green space and water offers an ideal option for guests or a mother in law suite. The spacious backyard provides a blank canvas with newly planted trees that will continue to grow and provide added privacy over time. Located in Light Farms, residents enjoy resort style amenities including pools, fitness centers, tennis courts, parks, trails, restaurants, and community events, along with convenient access to Prosper ISD schools, shopping, and dining. Welcome home.

Investor Tools

Property Icon
$872,000
Estimated Property Value
$704,896Estimated Mortgage Balance
$168,596Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$947,778
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,232 /month
Positive
Cash Flow Estimate:
$1,744 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,445/month
$134/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,974
$856,059
2025
$210,000
$646,059
$856,059
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,974
$856,059

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bayshore Mortgage Funding Llc
Conventional
$726,000
No
First
Nov 7, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$704,896
$473,104
40%
81%
$4,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,843/mo
$-1,393/mo
4.7%

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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