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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 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

Property Icon
$1,385,000
Estimated Property Value
$561,600Estimated Mortgage Balance
$1,258,932Estimated Equity
59% 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

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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%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Prosper

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