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$485,984

1813 Bishop Barrel Ln, Wylie, TX, 75098

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.33 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,000 sqft

Building Information

Year Built2018
Stories1
Garage Spaces2

Land Information

APNR-11125-00Q-0520-1
Lot Number52
SubdivisionInspiration Phase 5a-1
Land UseResidential
Legal DescriptionINSPIRATION PHASE 5A-1, BLK Q, LOT 52
Census Tract031314
Assessed Land Value$135,000
Assessed Improvement Value$350,984
Assessment Year2025

About this property

Experience upscale living in the highly sought-after Inspiration community, named “Community of the Year” for its unmatched lifestyle, natural beauty, and resort-style amenities. This well-maintained 4-bedroom, 3-bath Highland Home showcases the popular Dorchester floor plan, offering wide-plank hardwood floors, a flowing open layout, and an abundance of natural light. A dedicated study with double French doors provides the perfect work-from-home setup or flexible living space. The spacious kitchen is a chef’s dream, offering granite countertops, a large island, 5-burner gas cooktop, and abundant cabinetry, all seamlessly connected to the living and dining areas for easy entertaining. A stunning floor-to-ceiling stone fireplace with gas starter logs anchors the living room, creating a warm, inviting space. The primary suite is a peaceful retreat with tray ceilings, large windows, and a spa-like ensuite featuring dual vanities, a soaking tub, walk-in shower, and spacious closet. The secondary bedrooms are thoughtfully placed in a split-bedroom design, each with walk-in closets and ceiling fans. Enjoy outdoor living with a covered patio plumbed for gas and a spacious backyard enhanced with French drains. Living in Inspiration means enjoying a lifestyle unlike any other. Residents have access to a luxurious clubhouse, state-of-the-art two story fitness center, resort-style pools, a lazy river open year round, fire pits, stocked ponds, multiple playgrounds, dog parks, sand volleyball, pickleball, zip lining, a lakeside hammock park on Lake Lavon and full lake access. With over 25 miles of trails connected to Trinity Trails and a full calendar of HOA-hosted events, there’s always something to do. Just a short walk to Bush Elementary and located in A-rated Wylie ISD, with easy access to Hwy 78 — this home blends comfort, community, and convenience. Don’t miss your chance to live in one of the area’s most desirable neighborhoods!

Investor Tools

Property Icon
$485,984
Estimated Property Value
$372,000Estimated Mortgage Balance
$119,979Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,916 /month
Positive
Cash Flow Estimate:
$972 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$949/month
$989/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,961
$485,984
2025
$135,000
$350,984
$485,984
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,961
$485,984

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guidance Residential Llc
Purchase Money Mortgage
$372,000
No
First
Jun 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$366,005
$119,979
24%
75%
$2,231/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,220/mo
+$120/mo
8.2%

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.

Explore Texas Explore This Area
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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1813 Bishop Barrel Ln | Property Details | No Agent List