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Owner Contacts

$697,500

482 Prince Lane, Fate, TX, 75087

Pending

3 Beds

3 Bath

1,935 Sq Ft

Single Family Residence

$360.47 / sqft

Built in 1993

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2.5

Garage Available

Heating Gas

Cooling

AppliancesDishwasher, Electric Cooktop, Electric Oven, Vented Exhaust Fan

FlooringCarpet, Ceramic Tile, Hardwood, Laminate, Tile

Exterior

Private Pool

Exterior FeaturesRain Gutters, Lighting

Lot Size10 acres

Building Information

Year Built1993

Stories1

Garage Spaces2

Land Information

APN0151-0000-0003-02-0R

SubdivisionJ Mckinney

Land UseResidential

Legal DescriptionA0151 J MCKINNEY, TRACT 3-02, ACRES 10

Census Tract040407

Assessed Land Value$650,000

Assessed Improvement Value$175,703

Assessment Year2025

About this property

Longing for country life with the convenience of city living & no HOA? Look no more. This rare find is what you have been searching for. Stunning one story ranch style home sits on 10 lovely tree lined acres & includes sparkling pool & 3 car garage. You will love the peace of country living with its privacy & space from your neighbors! Covered porch welcomes your arrival. Three spacious living areas will provide loads of options for your family's life style such as game room, home office, playroom or formal dining area. Lovely master bedroom can accommodate large furniture pieces & opens onto private full bath. Two auxiliary bedrooms include roomy closets. Kitchen features tons of cabinetry and countertop space & includes built in dishwasher & range. Breakfast dining area overlooks kitchen. Covered patio overlooks sparkling pool & awaits your summer entertaining! Roomy utility room includes built in cabinets. Many more must see amenities. Don't wait! Horses & cattle welcomed too!

Investor Tools

$825,703

Estimated Property Value

$0Estimated Mortgage Balance

$210,953Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,954 /month

Positive

Cash Flow Estimate:

$1,651 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$583/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,872

$825,703

2025

$650,000

$175,703

$825,703

Tax History

Year

Tax Paid

Assessed Value

2024

$2,872

$825,703

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mid-American Mortgage Inc

Fha

$681,000

Yes

First

Jun 25, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$614,750

$210,953

25%

74%

$4,083/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,310/mo

$4,083/mo

$-1,773/mo

3.4%

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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