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$930,000

NAL Estimated Property Value

2871 Cannon Dr, Prosper, TX, 75078

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,225 Sq Ft
price_per_sqft$218.7 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Purifier, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,802 sqft

Building Information

Year Built2018
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR667561
Lot Number1
SubdivisionThe Parks At Legacy Phase One
Land UseResidential
Legal DescriptionTHE PARKS AT LEGACY PHASE ONE BLK J LOT 1
Census Tract020128
Assessed Land Value$179,400
Assessed Improvement Value$650,875
Assessment Year2025

About this property

Absolutely Stunning North facing EXECUTIVE home located across from the neighborhood pool and park, WALKING distance to ALL Elem, Middle and High Schools in prestigious Prosper ISD! This 5 bed 5 bath former Model home is better than new, loaded with upgrades and designer finishes, exuding Luxury and Functionality. Step inside and be captivated by a grand entry with a sweeping staircase and an open concept design that seamlessly connects Chef’s kitchen with an oversized quartz island, gorgeous Family room with Cathedral ceilings and custom Dining area. Relax by the fireplace in the light-filled family room showcasing cathedral ceilings with wood beams and a wall of floor-to-ceiling windows overlooking a lush backyard. Luxurious Owner's suite with double walk-in closets AND Guest bedroom with Ensuite bath are also on the 1st floor, ideal for Multi-Gen living or guests. A private office with French doors offers a refined workspace. Upstairs enjoy the space and privacy of Three generous sized bedrooms, each featuring en-suite bathrooms and large walk-in closets. Elevate your entertainment experience in the fully equipped Game and Media room with surround sound and wet bar. Embrace the ultimate resort lifestyle with 2 pools, 3 parks, a 6-acre fishing pond, trails, basketball courts & baseball backstops. 3-car garage with a Tesla EV charging station. No PID or MUD and Low HOA. Highly Desirable location, minutes from the PGA & The Fields, the brand new Universal Kids Resort, premium dining, shopping and 1.5 mi to DNT.

Investor Tools

Property Icon
$930,000
Estimated Property Value
$583,255Estimated Mortgage Balance
$347,845Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,580 /month
Positive
Cash Flow Estimate:
$1,860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$505/month
$995/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,412
$830,275
2025
$179,400
$650,875
$830,275
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,412
$830,275

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Conventional
$637,500
No
First
Dec 8, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$583,255
$346,745
37%
63%
$3,823/mo

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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2871 Cannon Dr | Property Details | No Agent List