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$523,270

NAL Estimated Property Value

16616 Spence Park Ln, Prosper, TX, 75078

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,252 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.24 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Gas Water Heater

Exterior

Lot Size5,968 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR678941
Lot Number10
SubdivisionArtesia North Phase 4
Land UseResidential
Legal DescriptionARTESIA NORTH PHASE 4 BLK G LOT 10
Census Tract020128
Assessed Land Value$125,322
Assessed Improvement Value$397,948
Assessment Year2025

About this property

A beautiful spacious one story house in the prestigious Prosper ISD. Upgraded 2252 sqf house built in 2016 features 3 Information Deemed Reliable, but not Guaranteed. Copyright: 2022 NTREIS. Description: bedrooms, office that can be used as 4th bedroom and 2.5 baths, formal dining room and a large living room with a cozy fireplace. Gourmet kitchen with large island, custom cabinets, gas cooking, venting system, granite countertops, pantry and stainless steel appliances. Vaulted ceiling, designer finishes, and blinds throughout. Master ensuite with dual vanities, jetted tub and separate shower. Split bedrooms with 2 large bedrooms and a second full bathroom. Covered patio and a fenced yard. Community offers pools, club house, playgrounds, parks and trails. Easy access to I- 380 and DNT. Pets are allowed on case by case basis.

Investor Tools

Property Icon
$523,270
Estimated Property Value
$340,298Estimated Mortgage Balance
$182,972Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,140 /month
Positive
Cash Flow Estimate:
$1,047 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,923
$523,270
2025
$125,322
$397,948
$523,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,923
$523,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$371,250
No
First
Dec 14, 2021
Jan 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,298
$182,972
34%
65%
$2,226/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$2,226/mo
+$424/mo
6.1%

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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16616 Spence Park Ln | Property Details | No Agent List