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$325,000

1200 Lela St, McKinney, TX, 75069

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$322.42 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Microwave

Exterior

Lot Size4,792 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-0886-008-008C-1
Lot Number8C
SubdivisionG W Fox Addition (Cmc)
Land UseResidential
Legal DescriptionG W FOX ADDITION (CMC), BLK 8, LOT 8C
Census Tract030702
Assessed Land Value$175,000
Assessed Improvement Value$127,355
Assessment Year2025

About this property

Fully Renovated Historic Home Near Downtown McKinney, Experience the perfect blend of historic charm and modern living in this beautifully renovated 3-bedroom, 2-bath home just minutes from Downtown McKinney. Completely updated in 2022, improvements include new electrical wiring, plumbing, sheetrock, energy-efficient windows, luxury flooring, fresh interior and exterior paint, modern fixtures, a new water heater, and a new privacy fence. The open-concept design creates an inviting space for everyday living and entertaining. The chef's kitchen features shaker-style soft-close cabinetry, granite countertops, a farmhouse sink, stainless KitchenAid appliances, a gas cooktop, built-in oven, and a butcher block island with a built-in microwave. The private primary suite offers a spa-inspired bath with dual vanities and a frameless glass walk-in shower. Two spacious secondary bedrooms share a stylish Jack-and-Jill bath. Additional highlights include a full-size laundry room, large, fenced backyard with an outdoor entertaining area, spacious storage shed, and a covered carport with driveway parking for two vehicles. Location is everything! You'll enjoy picturesque tree-lined streets and an easy walk to Historic Downtown McKinney Square, where boutique shopping, exceptional dining, and year-round community events create an unmatched lifestyle. Move-in ready and full of character—don't miss this rare opportunity to own a thoughtfully restored home in one of North Texas' most desirable neighborhoods. The city has recently completed a new concrete street with curb, gutters and sidewalks. Listing does include Refrigerator, Washer and Dryer. Home was recently used as an Airbnb and furniture is negotiable.

Investor Tools

$317,822Estimated Mortgage Balance
$36,917Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,118 /month
Positive
Cash Flow Estimate:
$706 /month

Interested in this property?

Jared Tye

Tye Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$460/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,756
$302,355
2025
$175,000
$127,355
$302,355
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,756
$302,355

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Home Loan Expert Llc
Va
$342,916
Yes
First
Jun 22, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$317,822
$7,178
2%
90%
$2,056/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$2,056/mo
$-491/mo
5.3%

City: McKinney

1200 Lela St | Property Details | No Agent List