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Days91Days on Market
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$2,500

207 Michael Drive, Princeton, TX, 75407

On MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,824 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.37 / sqft
Year BuiltBuilt in 2023

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCarpet, Other, Tile

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12141-00B-0090-1
Lot Number9
SubdivisionMorning Ridge
Land UseResidential
Legal DescriptionMORNING RIDGE PHASE 1 (CPN), BLK B, LOT 9
Census Tract031007
Assessed Land Value$78,000
Assessed Improvement Value$214,916
Assessment Year2025

About this property

Beautiful home in great location close to great schools, lakes, parks, shopping, dining & more. Home offers 3 bedrooms & 2 bathrooms. The open concept design of the main living area creates a spacious feel, perfect for entertaining or spending time with family. The Living room has large windows allowing plenty of natural light to flood the space. Custom Drapes and blinds in Master Bedroom, Living room and Dining room. The Kitchen is equipped with modern stainless-steel appliances, granite countertops, ample storage & walk in pantry. Dining area is located adjacent to the kitchen & provides a perfect setting for family meals. The spacious primary bedroom includes ensuite bathroom with double sink vanity, walk-in shower & large soaking tub. Laundry room connects to the master bedroom. The 2-car garage provides plenty of room for vehicles & additional storage. The backyard is a perfect for outdoor activities or relaxing & enjoying the beautiful weather with covered patio. House has gutters.

Interested in this property?

Roxanne DeBerry

Keller Williams Legacy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$574/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,407
$292,916
2025
$78,000
$214,916
$292,916
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,407
$292,916

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$296,000
No
First
Jul 18, 2023
Jul 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,196
$16,804
5%
94%
$1,775/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
$2,425/mo
$-275/mo
8.7%

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: Princeton

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