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16720 Lincoln Park Lane

16720 Lincoln Park Lane, Prosper, TX 75078
House in Artesia
Sold Aug 15, 2022
Transfer
$259,000 by Pennymac Loan Services Llc
Mortgage Due Feb 01, 2051
Sold Jan 28, 2021
$323,800
$259,000 by Pennymac Loan Services Llc
Mortgage Due Feb 01, 2051
Local assessors in Prosper, TX have categorized 16720 Lincoln Park Lane as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 6,882 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16720 Lincoln Park Lane has a total of 2,830 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 410 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $323,800 in Jan 5, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $14,893 in taxes each year. 16720 Lincoln Park Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $638,074. If we break it down further, the land itself was valued at $142,973. Improvements to the property, however, were assessed at a total of $495,101. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 410
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,882
  • Total Building Area: 3,239
  • Gross Building Area: 3,239
  • Building Area: 2,830
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,830
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARTESIA NORTH PHASE 4
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARTESIA NORTH PHASE 4 BLK F LOT 12

Ownership

  • Current Owner : VINAYAK RAMPALLI FAMILY TRUST
  • Previous Owner : RAMPALLI
  • Previous Owner 2: RENUKA
  • Owner Before Previous Owner: RAMPALLI VINAYAK
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Prosper Independent School District
  • Census Tract: 020128

Geography

  • Parcel: R679010
  • Block: F
  • Lot: 12
  • Municipality: PROSPER
  • Latitude: 33.2408
  • Longitude: -96.846

    Address

  • Full Address: 16720 Lincoln Park Ln
  • Address - House Number: 16720
  • Address - Street Name: Lincoln Park
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Prosper
  • Carrier Code: R002
  • 4-Digit Zip Code: 1674
  • Zip Code: 75078

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,893
  • Tax Rate Code Area: W17

    Appraisal Valuation

  • Standard Deviation: 0.1995
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 649,235
  • High Value: 778,807
  • Low Value: 519,662

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $259,000
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Jan 28, 2021
  • First Open Lien Mortgage Loan Amount: $259,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $638,074
  • Market Land Value: $142,973
  • Market Improvement Value: $495,101

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $638,074
  • Assessed Land Value: $142,973
  • Assessed Improvements Value: $495,101

    Sales

  • Current Sale Contract Date: Mar 28, 2022
  • Current Sale Recording Date: Aug 15, 2022
  • Current Sale Transaction ID: 11894716926
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 118627
  • Previous Sale Recording Date: Jan 28, 2021
  • Previous Sale Contract Date: Jan 05, 2021
  • Previous Sale Amount: $323,800
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Previous Mortgages

  • Previous Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • Previous Mortgage Transaction Date: Jan 28, 2021
  • Previous Mortgage Loan Amount: $259,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2051

About Artesia



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Frequently Asked Questions

What neighborhood is 16720 Lincoln Park Lane located in?
The 16720 Lincoln Park Lane is a house located in the neighborhood of Artesia in Artesia, Prosper.
What is the average sales price for listings in 16720 Lincoln Park Lane?
The average sales price for units in 16720 Lincoln Park Lane is $0 currently.

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