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$849,900

1821 Newpark Way, Prosper, TX, 75078

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$268.96 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size12,502 sqft

Building Information

Year Built2020
Stories2
Garage Spaces3

Land Information

APNR-11318-00C-0030-1
Lot Number3
SubdivisionFalls Of Prosper Phase I (Cpr)
Land UseResidential
Legal DescriptionFALLS OF PROSPER PHASE I (CPR), BLK C, LOT 3
Census Tract030303
Assessed Land Value$220,000
Assessed Improvement Value$527,000
Assessment Year2025

About this property

Open Houses Sat 6.1 & Sun 6.2 - 12-2pm. Stunning Prosper home in the highly desired community, Falls of Prosper. This single-owner, immaculately-kept property offers open floorplan living with tall ceilings & ample natural light. The gourmet kitchen is a chef's dream featuring SS gas appliances, granite countertops, striking tile backsplash, extensive cabinet space, walk-in-pantry, & an oversized island - seamlessly overlooking the family room. Unwind in the well-appointed primary bedroom boasting floor-to-ceiling windows & ensuite bath with dual sinks, free-standing soaking tub, separate oversized shower, & spacious walk-in-closet. Two spare bedrooms are conveniently located on the first floor sharing a dual sink bathroom. All bedrooms down. Addnl rooms include; office, media room, & upstairs game room with full bathroom. Entertain & enjoy private outdoor living on the large covered patio & spacious yard. Extended 3-car garage with Tesla charging station. PAID OFF TESLA SOLAR PANELS.

Investor Tools

Property Icon
$791,000
Estimated Property Value
$563,310Estimated Mortgage Balance
$245,314Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,099 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,238/month
$988/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$747,000
2025
$220,000
$527,000
$747,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$747,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Assumption
$563,310
Yes
First
Aug 23, 2024
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$545,686
$245,314
31%
69%
$3,378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$4,366/mo
$-1,716/mo
4.0%

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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1821 Newpark Way | Property Details | No Agent List