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$698,000

$750,000

850 Elm Park Dr, Prosper, TX, 75078

Under ContractInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths3,719 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.68 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,797 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR701300
Lot Number23
SubdivisionParks At Legacy Phase Ii
Land UseResidential
Legal DescriptionPARKS AT LEGACY PHASE II BLK E LOT 23
Census Tract020128
Assessed Land Value$179,337
Assessed Improvement Value$588,459
Assessment Year2025

About this property

One block from a 6.7-acre park with pool, less than one mile from three top-rated schools in Prosper ISD, including Stuber Elementary, William Rush Middle School, and Richland High School. Walk to schools, parks, 2 community pools, trails and neighborhood amenities, with HEB, Target, Whole Foods, and Costco all just minutes away. Over $38,000 in upgrades have already been completed, including custom cellular shades throughout, remote-powered shades in the living room, blackout shades in the primary suite, and a fully equipped media room with 4k projector, screen, 4K Blu-ray player, and integrated sound system included. Inside, the open floor plan features 32 ft-high ceilings, wood floors, and a large gas fireplace. A dedicated office space, or if you choose, a formal dining room, is located next to the living room. Upstairs, it’s time to relax or entertain with an oversized game room and theater room. In the kitchen, you will discover quartz countertops, a five-burner gas range, walk-in pantry, and counter-height island seating with plenty of room for a kitchen table. The spacious primary suite offers a large bay window with blackout shades and a built-in window bench. Attached private bath with soaking tub, dual vanities, linen storage, leads to a large walk-in closet. The main floor offers an additional private bedroom with en suite bath close to the entryway, ideal for guests or multi-generational living. This 4-bedroom home includes 3 full baths and 2 half baths with approximately 3,700 square feet, plus a 3-car garage with additional refrigerator and workbench. Enjoy the covered patio with a motorized retractable shade, and too many other upgrades to list. Refrigerator, washer, dryer, and garage fridge included. No MUD. No PID.

Investor Tools

Property Icon
$767,796
Estimated Property Value
$732,000Estimated Mortgage Balance
$93,075Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,607 /month
Positive
Cash Flow Estimate:
$1,536 /month

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Matthew Braun

Merit Homes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$438/month
$995/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,413
$767,796
2025
$179,337
$588,459
$767,796
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,413
$767,796

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage Inc
Conventional
$732,000
No
First
May 23, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$675,962
$115,038
14%
88%
$4,389/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$5,384/mo
$-2,734/mo
4.1%

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.

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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850 Elm Park Dr | Property Details | No Agent List