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$1,450,000

7817 Merit Ln, Plano, TX, 75024

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,073 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$471.85 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Tankless Water Heater, Water Softener, Wine Cooler
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Lighting
Lot Size2,039 sqft

Building Information

Year Built2017
Stories3
Garage Spaces2

Land Information

APNR-11170-00C-0140-1
Lot Number14
SubdivisionIcon At Legacy West Addition (Cpl)
Land UseResidential
Legal DescriptionICON AT LEGACY WEST ADDITION (CPL), BLK C, LOT 14
Census Tract031670
Assessed Land Value$504,000
Assessed Improvement Value$743,885
Assessment Year2025

About this property

OPEN HOUSE ~ SATURDAY SEP. 19th 1 - 3 PM ~ Nestled within The Villas at Legacy West, this exceptional three-story home enjoys a coveted corner park front location that fills the interior with natural light. Thoughtfully enhanced with designer finishes, custom millwork, smart-home technology and custom California Closets organization throughout, this one-of-a-kind residence blends luxury, comfort and sophisticated style. The chef's kitchen is designed for entertaining with ceiling-height custom cabinetry, a rolling library ladder, high-end appliances, built-in refrigerator, six-burner gas range with griddle, warming drawer, dual freezer drawers and an oversized island with seating for up to nine. A built-in wet bar with floor to ceiling cabinets, a wine fridge, beverage fridge and Hoshizaki pellet ice maker. Expansive sliding glass doors open to the second-floor patio with motorized privacy shades. The main level also holds the luxurious primary suite with a spa-inspired bath, oversized glass-enclosed shower with body sprays and a backlit mirror. The first floor offers two bedrooms, two full bathrooms, a custom built-in workspace and an oversized under-stair storage closet. The third level delivers an incredible entertainment experience with a spacious game room anchored by an interactive Golf simulator by Full Swing —perfect for Golf, games and entertainment plus an additional bedroom and full bath, flex space plumbed for a future wet bar or wine cellar and a private balcony overlooking the park. Additional highlights include hardwood floors throughout, custom cabinetry, Hunter Douglas PowerView motorized shades, Lutron lighting, Sonos audio, surround sound wiring, two tankless water heaters, whole-home water conditioning and premium spray foam roof insulation for absolute climate control making this home very energy efficient. Minutes from Legacy West's premier shopping, dining and entertainment, this remarkable home offers luxury living at its finest.

Investor Tools

$634,621Estimated Mortgage Balance
$845,379Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,880 /month
Positive
Cash Flow Estimate:
$2,960 /month

Interested in this property?

Jan Richey

Keller Williams Legacy

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,156/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,467
$1,247,885
2025
$504,000
$743,885
$1,247,885
No

Tax History

Year
Tax Paid
Assessed Value
2025
$18,467
$1,247,885

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ixonia Bank
Conventional
$710,000
No
First
Mar 25, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$634,621
$845,379
57%
43%
$4,257/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,820/mo
$5,157/mo
$-2,337/mo
2.3%

City: Plano