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$700,000

501 Hampshire Dr, Prosper, TX, 75078

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.05 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Tankless Water Heater
FlooringCarpet, Wood

Exterior

Exterior FeaturesAwning(s), Covered Courtyard, Lighting, Outdoor Kitchen

Building Information

Year Built2011
Stories2
Garage Spaces2

Land Information

APNR-9583-00H-0020-1
Lot Number2
SubdivisionVillage At Prosper Trail Phase I The (C
Land UseResidential
Legal DescriptionVILLAGE AT PROSPER TRAIL PHASE I THE (CPR), BLK H, LOT 2
Census Tract030304
Assessed Land Value$180,000
Assessed Improvement Value$445,602
Assessment Year2025

About this property

This 3,240 sqft interior designer's home is filled with upgrades on the exterior and interior. Upgrades include-160k of improvements: plantation shutters on all windows, sliding office barn doors, designer lighting throughout, new landscaping-trees in the backyard, new 8ft privacy wood fence in the backyard. The extended covered backyard, new sprinkler system, new tankless water heater. The totally renovated kitchen includes a waterfall quartz island, marble backsplash, upper cabinets with lighting, a coffee bar & more! The storage filled garage includes the upper ceiling storage racks. The neighborhood boasts wide streets & the home is located across the street from a beautiful treed foliage area (not facing homes!). One of the upstairs bedrooms could be used as a MIL suite due to the oversized room & ensuite full bath. There is walk-in attic access in the media room with upgraded radiant barrier interior.

Investor Tools

Property Icon
$712,000
Estimated Property Value
$709,628Estimated Mortgage Balance
$32,326Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,272 /month
Positive
Cash Flow Estimate:
$1,424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,058/month
$370/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$625,602
2025
$180,000
$445,602
$625,602
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$625,602

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$709,628
Yes
First
Jan 12, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$679,674
$32,326
4%
95%
$4,255/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$4,625/mo
$-1,175/mo
5.8%

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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501 Hampshire Dr | Property Details | No Agent List