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$1,190,223

3205 Twin Lakes Dr, Prosper, TX, 75078

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,539 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$310.54 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Outdoor Grill

Building Information

Year Built2006
Stories2
Garage Spaces3

Land Information

APNR-9144-00A-0080-1
Lot Number8
SubdivisionPreston Meadow Phase 2 (Ccl)
Land UseResidential
Legal DescriptionPRESTON MEADOW PHASE 2 (CCL), BLK A, LOT 8
Census Tract030307
Assessed Land Value$250,000
Assessed Improvement Value$940,223
Assessment Year2025

About this property

Ready to move-in 2 story Dave Williams home on 1 ACRE lot in Preston Meadows. Entertaining is a breeze in this open floor plan with hardwood flooring, leading out to an outdoor oasis, covered living area with fireplace, grill area, countertop seating and full outdoor dining area with mounted TV. Pool & Spa with tanning bed, large yard protected by beautiful foliage at the back of the lot for privacy. Kitchen has granite counters, gas cooktop, walk in pantry. Generous sized Downstairs Primary Bedroom. Primary bath with jetted garden tub, separate shower & huge WIC with built-ins. 3 way bedroom split with 2nd bedroom Down with it's own bath. Bedrooms 3 & 4 are up including 1 mounted TV & share a Jack & Jill bath. Gameroom & Media Room include Media Screen, overhead projector and equipment. 2-1 garage split with side entry provide a great flat driveway area for the basketball court enjoyment. Come and see for immediate move in.

Investor Tools

Property Icon
$1,190,223
Estimated Property Value
$1,099,000Estimated Mortgage Balance
$110,576Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,141 /month
Positive
Cash Flow Estimate:
$2,380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,948/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,420
$1,190,223
2025
$250,000
$940,223
$1,190,223
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,420
$1,190,223

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank
Commercial
$1,099,000
No
First
May 16, 2025
Apr 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,079,647
$110,576
9%
91%
$6,590/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$7,040/mo
$-3,590/mo
3.5%

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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3205 Twin Lakes Dr | Property Details | No Agent List