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$809,000

1701 Deerwood Lane, Prosper, TX, 75078

PendingInfo
Beds4 Beds
Baths5 Bath
Baths3,079 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$262.75 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Wine Cooler
FlooringCeramic Tile, Vinyl

Exterior

Lot Size9,583 sqft

Building Information

Year Built2020
Stories1
Garage Spaces3

Land Information

APNR-11898-0BB-0020-1
Lot Number2
SubdivisionStar Trail Phase Four (Cpr)
Land UseResidential
Legal DescriptionSTAR TRAIL PHASE FOUR (CPR), BLK BB, LOT 2
Census Tract030304
Assessed Land Value$209,000
Assessed Improvement Value$626,863
Assessment Year2025

About this property

This stunning single-story Highland Home in the coveted Star Trail community of Prosper combines modern elegance with a bright open floor plan designed for seamless living. From the moment you pass through the double front doors you are greeted by soaring ceilings and an abundance of natural light that fills the main living areas. The heart of the home features a chef’s dream kitchen anchored by double islands with waterfall quartz countertops and custom cabinetry that flows effortlessly into the family and dining rooms. With two fireplaces and designer fixtures throughout the home offers a sophisticated yet comfortable atmosphere for both relaxation and entertaining. The primary suite serves as a true private sanctuary boasting a spacious sitting area and a spa-like ensuite complete with a dramatic garden tub plus a massive custom closet. Every secondary bedroom is a private retreat each featuring its own ensuite bathroom and walk-in closet. The functional layout is rounded out by a dedicated media room perfect for movie nights or a playroom along with a well-appointed laundry room with custom cabinetry. Outside the living walls the three car tandem garage features brand new epoxy floors and is pre-wired for TVs making it an ideal setup for a home gym. This home is priced to sell and comes complete with the refrigerator included. Located in one of the area's most prestigious communities this property offers luxury finishes and top tier amenities at every turn.

Investor Tools

$719,173Estimated Mortgage Balance
$116,690Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,015 /month
Positive
Cash Flow Estimate:
$1,672 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,755/month
$380/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,878
$835,863
2025
$209,000
$626,863
$835,863
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,878
$835,863

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Conventional
$742,400
No
First
Sep 13, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$719,173
$116,690
13%
86%
$4,452/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,832/mo
$-1,382/mo
5.0%

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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1701 Deerwood Lane | Property Details | No Agent List