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$825,000

906 Lorene Dr, Wylie, TX, 75098

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,827 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.91 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Convection Oven, Double Oven, Tankless Water Heater, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size25,740 sqft

Building Information

Year Built2009
Stories2
Garage Spaces2

Land Information

APNR-9181-001-0110-1
Lot Number11
SubdivisionCollins Estates (Cwy)
Land UseResidential
Legal DescriptionCOLLINS ESTATES (CWY), BLK 1, LOT 11
Census Tract031323
Assessed Land Value$199,500
Assessed Improvement Value$629,560
Assessment Year2025

About this property

Meticulously maintained and move-in ready, this exceptional two-story home offers over 4,800 sqft of thoughtfully designed living space with high end construction and top of the line upgrades throughout. Rich wood floors welcome you into a dramatic living room showcasing soaring vaulted ceilings, floor to ceiling windows, and a stunning floor to ceiling stone fireplace that fills the home with natural light and architectural impact. The main level is designed for both comfort and functionality, featuring a spacious primary suite with an oversized closet with custom cabinetry, a secondary bedroom ideal for guests or a private home office, and a formal dining and living room. The expansive kitchen is beautifully appointed with abundant cabinetry and granite countertops, offering ample space for everyday living and entertaining. A laundry and mudroom complete the first floor, along with a three-car garage with newly replaced insulated doors in 2025. Upstairs, you will find three generously sized bedrooms, all with walk-in closets, including a private mother-in-law style suite and a spacious Jack and Jill layout. A second full laundry room upstairs is a standout feature and a rare convenience. The open game room includes a built-in wet bar with cabinetry and granite, seamlessly connecting to the fully equipped media room, creating the perfect setup for entertaining and family nights. Situated on a generously sized lot with a deep, private backyard, the outdoor space is a blank canvas ready for your vision. With exceptional storage throughout, high end finishes, and a layout designed for modern living, this home is truly one of a kind and shows beautifully. This home has been impeccably cared for with bi-annual HVAC servicing, pest control, and a professionally maintained tankless water heater installed in 2017. Major upgrades include a top tier class 4 impact resistant roof installed in 2025, two brand new HVAC systems in 2025, and insulated garage doors in 2025.

Investor Tools

Property Icon
$829,060
Estimated Property Value
$292,000Estimated Mortgage Balance
$497,347Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,974 /month
Positive
Cash Flow Estimate:
$1,658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,463/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,414
$829,060
2025
$199,500
$629,560
$829,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,414
$829,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$292,000
No
First
Oct 27, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$331,713
$497,347
59%
40%
$2,201/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,626/mo
+$714/mo
4.8%

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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906 Lorene Dr | Property Details | No Agent List