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$725,000

7975 Bishop Dr, Frisco, TX, 75036

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths3,934 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.29 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters
Lot Size9,361 sqft

Building Information

Year Built2004
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR259643
Lot Number21
SubdivisionHeritage Village Ph 2
Land UseResidential
Legal DescriptionHERITAGE VILLAGE PH 2 BLK A LOT 21
Census Tract021539
Assessed Land Value$154,440
Assessed Improvement Value$636,084
Assessment Year2025

About this property

Welcome to this exceptional east-facing home in the highly sought-after Heritage Village community, perfectly situated within acclaimed Frisco ISD. Offering 5 bedrooms, 4 full bathrooms, & an ideal layout for today's lifestyle, this home seamlessly blends comfort & functionality. Step inside to rich engineered hardwood flooring throughout the main level, leading into a breathtaking two-story family room with soaring vaulted ceilings & a wall of windows that flood the home with natural light. The thoughtfully designed kitchen is the heart of the home, featuring a center island, gas cooktop with double ovens, abundant cabinetry, a spacious walk-in pantry, & an adjoining breakfast room. The versatile floor plan offers two bedrooms on the main level, including a private primary suite with a spa-inspired ensuite bath & a guest bedroom with its own ensuite—ideal for multigenerational living or visiting guests. A dedicated home office provides the perfect work-from-home space, while the formal dining room offers an elegant setting for entertaining. Upstairs is designed for fun & flexibility with multiple gathering spaces. A spacious game room is perfect for a pool table, media lounge, or game area, while an additional flex space is ideal for a game table or homework station & includes a planning desk & convenient wet bar. The true showstopper is the oversized 20' x 19' media room, offering endless possibilities for movie nights, gaming, sports, or the ultimate entertainment retreat. Outdoor living is equally impressive with an expansive 250-square-foot covered patio overlooking the backyard, plus a desirable three-car rear-entry garage. Combining generous living spaces, exceptional entertaining areas, & an unbeatable Frisco location, this Heritage Village home is the perfect place to call home. Roof 2023. Windows 2021.

Investor Tools

$362,679Estimated Mortgage Balance
$385,321Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,488 /month
Positive
Cash Flow Estimate:
$1,496 /month

Interested in this property?

Carrie Corcoran

OnDemand Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,183
$644,204
2025
$154,440
$636,084
$790,524
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,183
$644,204

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Mortgage Corp
Conventional
$411,600
No
First
Jul 17, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,679
$385,321
51%
48%
$2,468/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
$3,118/mo
$-1,048/mo
3.3%

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: Frisco

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