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$1,369,000

501 Morgan Ln, Prosper, TX, 75078

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,003 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$341.99 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4.5Bathrooms Full 4.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Convection Oven, Double Oven, Tankless Water Heater
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesGas Grill, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Grill
Lot Size10,803 sqft

Building Information

Year Built2019
Stories2
Garage Spaces3

Land Information

APNR-11363-00F-0160-1
Lot Number16
SubdivisionParkside (Cpr)
Land UseResidential
Legal DescriptionPARKSIDE (CPR), BLK F, LOT 16
Census Tract030303
Assessed Land Value$294,000
Assessed Improvement Value$862,000
Assessment Year2025

About this property

Located in the prestigious gated community of Parkside and near the new Raymond Community Park, this exceptional two story home blends luxury, space, and function. The thoughtfully designed first floor features a private office, formal dining, media room, guest ensuite, and a serene primary retreat. The spa-like primary bath offers dual vanities and his and her closets for ultimate convenience. The open concept living area is perfect for entertaining, flowing seamlessly into the heart of the home. Upstairs offers a spacious game room, a secondary ensuite bedroom, and an additional bedroom with a full bath just around the corner. Step outside to your true backyard retreat, designed for both entertaining and everyday enjoyment. Enjoy a covered patio, outdoor kitchen, sparkling pool, and spa all set on a premium lot with additional green space perfect for pets, play, or relaxing evenings. Additional highlights include a 3 car garage with a bonus 10x7 flex space, perfect for hobbies or extra storage. Zoned to Prosper ISD and Walnut Grove High School, with no MUD or PID. Enjoy scenic trails, tranquil ponds, and convenient access to the new Raymond Community Park in one of the area’s most sought after communities.

Investor Tools

$650,156Estimated Mortgage Balance
$734,844Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,310 /month
Positive
Cash Flow Estimate:
$2,770 /month

Interested in this property?

Cindy Kennedy

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,908/month
$2,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,968
$1,156,000
2025
$294,000
$862,000
$1,156,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,968
$1,156,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Financial Services Llc
Conventional
$548,250
No
First
May 19, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$650,156
$734,844
53%
47%
$4,308/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$6,308/mo
$-2,858/mo
3.0%

City: Prosper

501 Morgan Ln | Property Details | No Agent List