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Owner Contacts

$696,974

NAL Estimated Property Value

321 Timber Ridge Rd, Prosper, TX, 75078

Off Market

4 Beds

3 Bath

3,038 Sq Ft

$235.35 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker

FlooringCarpet, Ceramic Tile

Exterior

Private Pool

Exterior FeaturesLighting

Lot Size9,148 sqft

Building Information

Year Built2020

Stories2

Garage Spaces3

Land Information

APNR-11326-00H-0980-1

Lot Number98

SubdivisionLakes Of Prosper Phase Five B (Cpr)

Land UseResidential

Legal DescriptionLAKES OF PROSPER PHASE FIVE B (CPR), BLK H, LOT 98

Census Tract030304

Assessed Land Value$190,000

Assessed Improvement Value$506,974

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST by SUNDAY JUNE 19th @ 5:00 pm. This fabulous NORTH-facing home in Lakes of Prosper is situated within the award-winning Prosper ISD, in an ideal location. No additional MUD or PID taxes but LOTS of great benefits in neighborhood amenities. Easy access to both the Dallas North Tollway and Preston Rd. The walking and bike paths will easily take you to Frontier Park, Prosper High, and Prosper Stadium. Built in 2020, this home has been meticulously cared for and is like new! Fabulous open plan! Quartz kitchen counters with bar area, double ovens, window seat, and kitchen dine-in area. The Master and a 2nd bedroom are located on the FIRST LEVEL! 2 more bedrooms upstairs with a Jack and Jill bathroom, a MEDIA ROOM, and a loft area. Smart home features and appliances throughout. Good size yard with room to play! The 3-car garage has room to store your cars AND golf cart! See the transaction desk for a list of upgrades. It is a must-see beauty!

Investor Tools

$696,974

Estimated Property Value

$380,685Estimated Mortgage Balance

$316,289Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,290 /month

Positive

Cash Flow Estimate:

$1,430 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,432/month

$390/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,696

$696,974

2025

$190,000

$506,974

$696,974

Tax History

Year

Tax Paid

Assessed Value

2024

$13,696

$696,974

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Amerisave Mortgage Corp

Conventional

$410,000

First

Jul 18, 2022

Aug 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$380,685

$316,289

45%

55%

$2,459/mo

Learn About the Market: Opportunity in Texas

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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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