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$486,000

505 Candlewood Ct, Wylie, TX, 75098

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,013 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.38 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Range, Microwave
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Courtyard, Covered Courtyard, Fire Pit, Rain Gutters, Lighting, Playground, Private Yard, Storage

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2052-00F-0140-1
Lot Number14
SubdivisionQuail Hollow Estates Phase I (Cwy)
Land UseResidential
Legal DescriptionQUAIL HOLLOW ESTATES PHASE I (CWY), BLK F, LOT 14
Census Tract031320
Assessed Land Value$100,000
Assessed Improvement Value$284,698
Assessment Year2025

About this property

BUYER FINANCING FELL THROUGH! This true Wylie gem is nestled on a quiet cul-de-sac with no HOA and offers the perfect blend of space, style, and functionality on TWO spacious lots within the sought-after Quail Hollow community. The backyard is an entertainer’s dream, featuring a large covered patio, sparkling pool and spa, and 8-foot privacy fencing for ultimate seclusion. The second yard, accessible from the kitchen, is equally impressive with a wraparound covered patio, cozy fire pit, playground, storage shed, and a drip irrigation system—perfect for those who love to garden or relax outdoors. Inside, the home has been lovingly maintained for 26 years and boasts a completely remodeled kitchen with top-of-the-line appliances, including a gas stove, a 9-foot island ideal for entertaining, and a coffee bar that offers extra storage while overlooking the beautiful second yard. The layout includes two spacious living areas with a wet bar and gas fireplace, plus brand-new floor-to-ceiling windows that fill the space with natural light. A dedicated office is located just off the kitchen and living area, and the split-bedroom design offers oversized bedrooms for everyone to enjoy. The property also includes a large two-car garage with workbench and storage, a covered three-car carport for additional parking, and two attic accesses. Thoughtful upgrades include freshly painted interior and exterior, an expanded 8x28 shed with concrete slab, re-stained fence, new pool equipment, and resurfaced pool. With three gates to access the side yard, this home has been thoughtfully designed for functionality, comfort, and ease of living. Plus, it’s just minutes from Stone Road and all that Wylie has to offer, including local shopping, dining, and entertainment. This is a rare opportunity to own a spacious, move-in-ready home in one of Wylie’s most desirable neighborhoods—don’t miss it!

Investor Tools

Property Icon
$486,000
Estimated Property Value
$175,001Estimated Mortgage Balance
$335,395Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$850/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,772
$384,698
2025
$100,000
$284,698
$384,698
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,772
$384,698

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Stand Alone First / Home Equity First Lien
$175,001
No
First
May 23, 2019
Jun 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,605
$335,395
69%
31%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,050/mo
+$1,510/mo
6.3%

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: Wylie

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505 Candlewood Ct | Property Details | No Agent List