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$885,000

Beds
4
Baths
4.0
sq ft
3,813

116 Townlake Dr, Prosper, TX 75078

116 Townlake Dr

Prosper, TX 75078

  • 22 days on market
    • Price drop $5,000↓
Rare opportunity zoned for Walnut Grove High School! Discover this backyard PARADISE with backyard pool & spa on a greenbelt lot with sights and sounds of nature. The backyard offers a delightful venue for entertaining family & friends with a custom-built pergola, built in grill, custom tiered stone deck, and stone fire pit. The exquisite home boasts wood floors, grand foyer, art niches, & natural light. The home office is an ideal workspace with French doors. The kitchen showcases custom dark stained cabinets, granite counters, gas cooktop, stainless appliances, tile floor, & breakfast nook. You'll covet the breathtaking views from the 2 story family room windows overlooking the backyard. The primary suite invites you to enjoy backyard views, garden tub, dual sinks, & tile floor. Grab the popcorn and venture upstairs for movie night in the media room or a round of pool in the game room. Residents of Greenspoint enjoy the beauty of Town Lake Park with lake, walking trails, and trees. Zoned for prestigious Walnut Grove High School!

Details

Property type

Single Family Residence

Est. home value

$862,520

Lot size

0.3 acres

Price per sq ft

$233

Year built

2012

Annual property taxes

$16,540

HOA fee

$390

Price History

02/17/2025
NTREIS

NTREIS #20828713

Price change
$885,000
-0.56%
02/01/2025
NTREIS

NTREIS #20828713

Listed
$890,000
12/08/2022
NTREIS

NTREIS #20208836

Removed

Schools & Community

Elementary school: 

Cynthia A Cockrell

Middle school: 

Lorene Rogers

High school: 

Walnut Grove

Community features: 

Curbs, Fishing, Lake, Park

School district: 

Prosper ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$523,029
Asking price
$885,000
Closing costs (~8% of asking)
-$70,800
Est. remaining loan balance
-$291,171
Cash to seller
$523,029

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Inwood National Bank

Loan start date

December 2020

Original loan amount

$320,500

Est. remaining balance

$291,171

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Martin Scott Sullins and Jacqueline Ann Sullins

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 11:30 PM

Listing updated: 02/22/2025 at 1:37 PM

Listed by: Kelli Cowans, Fathom Realty, LLC Phone #: (888) 455-6040

MLS: NTREIS #20828713

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