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$750,000

$759,900

861 Manchester Ave, Prosper, TX, 75078

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths2,969 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.61 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven, Refrigerator, Tankless Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Living Area
Lot Size7,150 sqft

Building Information

Year Built2019
Stories2
Garage Spaces2

Land Information

APNR-11301-00C-0100-1
Lot Number10
SubdivisionLakewood Phase 1 (Cpr)
Land UseResidential
Legal DescriptionLAKEWOOD PHASE 1 (CPR), BLK C, LOT 10
Census Tract030302
Assessed Land Value$200,000
Assessed Improvement Value$610,014
Assessment Year2025

About this property

A suburban sanctuary in Prosper's desirable Lakewood neighborhood! Quality-built by Darling Homes, this 1.5-story home offers the ultimate in immaculate comfort & luxury, both inside & out. What sets this home apart from others---a 4-season screened-in patio with a cozy stone-encased woodburning fireplace & outdoor living area + an adjacent 12x12 pavestone patio for cooking sumptuous barbecue meals. Step inside to the many upgrades, featuring richly stained nail-down hardwood floors; plantation shutters throughout; an upgraded kitchen package; Bose in-ceiling speakers in the living room centered around a corner gas log fireplace; Google Nest security cameras, thermostats & doorbell; energy efficient radiant barrier in the 2 walk-in attic spaces. The split 3-bedroom floorplan also includes a dedicated study with French doors down + a spacious gameroom with a handy storage closet upstairs. For the chef in the family...a kitchen complex ideal for entertaining or family meals....boasting a big serving island, gas cooktop, Blanco sink, granite counters & ceramic tile backsplash, double ovens + a deep walk-in pantry under the staircase. 2 generous dining spaces including a vaulted ceiling in the formal dining room! Large, sparkling clean primary spa-like bathroom has 2 vanities, a garden tub, a private shower & a handy connection from the utility room to the primary closet. Lakewood residents benefit from the outstanding nearby Prosper ISD zoned schools. Also featuring resort-style community amenities, such as a private clubhouse, fitness center & a resort-style swimming pool with an attached tot pool. Residents also love the proximity to an adjacent 11-acre private park with a pond, miles of walking trails & playgrounds. No MUD or PID in Lakewood at Brookhollow, you'll want to live here!

Investor Tools

$249,420Estimated Mortgage Balance
$561,128Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,860 /month
Positive
Cash Flow Estimate:
$1,620 /month

Interested in this property?

Katherine Niesman

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,076/month
$696/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,863
$810,014
2025
$200,000
$610,014
$810,014
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,863
$810,014

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Taylor Morrison Home Funding Llc
Conventional
$255,001
No
First
Nov 8, 2019
Dec 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,420
$560,594
69%
31%
$1,715/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,650/mo
$2,411/mo
+$239/mo
3.9%

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: Prosper

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861 Manchester Ave | Property Details | No Agent List