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$1,575,000

2701 Fair Oaks Ln, Prosper, TX, 75078

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths4,638 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.59 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size19,950 sqft

Building Information

Year Built2007
Stories2
Garage Spaces3

Land Information

APNR-9035-00S-0230-1
Lot Number23
SubdivisionGentle Creek Estates Phase Seven (Cpr)
Land UseResidential
Legal DescriptionGENTLE CREEK ESTATES PHASE SEVEN (CPR), BLK S, LOT 23
Census Tract030302
Assessed Land Value$375,000
Assessed Improvement Value$940,373
Assessment Year2025

About this property

**For a complete cinematic walkthrough, search 2701 Fair Oaks Lane Prosper, Texas on YouTube!!** For the first time on the market, this beautiful and meticulously maintained home built by Greg Alford, features an open layout with a flexible design. The stunning curb appeal, oversized culdesac location and large front porch draw you in but the natural light pouring in, the high end selections throughout and the cozy nooks will get you to stay! Like how the fireplace in the breakfast room can be used as ambiance or a perfect place to enjoy your morning coffee! The back of the house has walls of windows with views of the pool in this private and quiet backyard. The utility room by the primary bedroom is convenient, but the craft space off the kitchen could easily be a second utility room if desired. Split layout includes 3 bedrooms on the first floor and a 4th oversized bedroom with full bath upstairs. Do not miss this one!

Investor Tools

$126,068Estimated Mortgage Balance
$1,258,932Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,450 /month
Positive
Cash Flow Estimate:
$3,150 /month

Interested in this property?

Pam Matlock

Matlock Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,732/month
$1,409/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,855
$1,315,373
2025
$375,000
$940,373
$1,315,373
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,855
$1,315,373

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$561,600
No
First
Aug 21, 2013
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$126,068
$1,258,932
90%
9%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$1,409/mo
+$2,041/mo
3.0%

City: Prosper

2701 Fair Oaks Ln | Property Details | No Agent List