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$641,000

NAL Estimated Property Value

1631 Lakemere Drive, Prosper, TX, 75078

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,208 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.57 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8708-00B-0410-1
Lot Number41
SubdivisionChapel Hill (Cpr)
Land UseResidential
Legal DescriptionCHAPEL HILL (CPR), BLK B, LOT 41
Census Tract030303
Assessed Land Value$170,000
Assessed Improvement Value$446,088
Assessment Year2025

About this property

Beautiful open floor plan nestled in the heart of Chapel Hill. Hardwood floors, Fresh paint and BRAND NEW CARPET. Bright and spacious kitchen with black granite composite sink, oil rubbed bronze faucet, granite countertops, SS appliances and walk-in pantry, Breakfast bar overlooks to the family room. Gorgerous wrought iron staircase has a dramatic effect and connects the gameroom and 4 bedrooms upsatirs. Master has a very private feel and is tucked away with an oversized walk-in closet off the master bath. Backyard has so much space with incredible possiblities. This lovely home is located close to shopping and dining and is in highly sought after Prosper ISD. This is not one to miss!

Investor Tools

Property Icon
$641,000
Estimated Property Value
$333,255Estimated Mortgage Balance
$307,745Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,846 /month
Positive
Cash Flow Estimate:
$1,282 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$957/month
$528/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,274
$616,088
2025
$170,000
$446,088
$616,088
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,274
$616,088

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$370,620
No
First
Feb 13, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,255
$307,745
48%
52%
$2,223/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$2,751/mo
+$699/mo
6.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1631 Lakemere Drive | Property Details | No Agent List