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$699,000

850 Willowgate Dr, Prosper, TX, 75078

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,015 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$231.84 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringWood

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR-4734-00C-0020-1
Lot Number2
SubdivisionWillow Ridge Phase One (Cpr)
Land UseResidential
Legal DescriptionWILLOW RIDGE PHASE ONE (CPR), BLK C, LOT 2
Census Tract030303
Assessed Land Value$220,000
Assessed Improvement Value$473,962
Assessment Year2025

About this property

Welcome to the beautifully maintained David Weekly masterpiece in the heart of Prosper, the Willow Ridge subdivision. Upon arrival, luxurious touches will be noted about this 3,015 sq ft oasis. Curb appeal invites with lush landscaping, a peak-around 3-car garage, with a front porch that sets an inviting tone to welcome guests. Step inside to luxury, a light-filled floor plan designed for today’s upscale lifestyle. The beautiful hardwoods lead you to the spacious family room which features a cozy brick fireplace and seamlessly flows into the gourmet kitchen and dining areas. The kitchen is a showstopper, boasting crisp white cabinetry, a large center island with seating, elegant lighting touches and lots of storage. The breakfast nook allows for a view of the covered deck or children playing in the backyard and the adjacent sitting area with panoramic windows allowing as much light necessary to enjoy a good book. The dining room with floor-to-ceiling windows, is perfect for entertaining special guests. The home office in the front of the house features impressive built-ins that contain a fold-down Murphy bed, proving luxury can also provide functionality. The primary suite is a true retreat, featuring high-end finishes and oversized windows that flood the space with natural light. The primary bath retreat includes a freestanding soaking tub, elegant gray vanity with dual sinks, marble accents, and a walk-in shower. Three additional bedrooms offer flexibility for family, guests, or hobbies with wonderfully sized closets and lots of natural light. A conveniently located utility room and additional full bathroom complete the first-floor layout. Up the elegant wood staircase, you will find a bonus room for media enjoyment, playroom, craft room or anything else your heart desires for the space. With walk-in attic access that can be locked for safety, storage is never too far away. Outside, the custom covered deck is an entertainer’s dream and the yard space is plentiful!

Investor Tools

Property Icon
$693,962
Estimated Property Value
$455,000Estimated Mortgage Balance
$277,678Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,033/month
$885/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,922
$693,962
2025
$220,000
$473,962
$693,962
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,922
$693,962

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$455,000
No
First
Jan 13, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$417,066
$276,896
39%
60%
$2,728/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,450/mo
$3,613/mo
$-163/mo
6.0%

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 Willowgate Dr | Property Details | No Agent List