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$525,000

1228 Granger Dr, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,657 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.59 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size6,131 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR-11911-00N-0080-1
Lot Number8
SubdivisionWillow Wood Phase 3 (Cmc)
Land UseResidential
Legal DescriptionWILLOW WOOD PHASE 3 (CMC), BLK N, LOT 8
Census Tract030201
Assessed Land Value$140,000
Assessed Improvement Value$392,299
Assessment Year2025

About this property

Multiple offers received- Final and best by Sunday 20th @ 8pmCST. This Chesmar Home is the popular Richardson floor plan. It is in the sought after Willow Wood Community that is in the acclaimed Melissa ISD! The home has a beautiful master suite down stairs with a garden tub, double vanities, stand up shower, and large walk in closet. The study in the front of the house is perfect with the high ceiling and glass doors. The kitchen is absolutely stunning and the custom backsplash sets it off perfectly. There are 4 bedrooms up stairs and a game room. The family room is wired for your surround sound and the covered patio is perfect for any time of day in this North facing home.

Investor Tools

Property Icon
$532,299
Estimated Property Value
$501,600Estimated Mortgage Balance
$69,949Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,194 /month
Positive
Cash Flow Estimate:
$1,065 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$951/month
$152/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,745
$532,299
2025
$140,000
$392,299
$532,299
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,745
$532,299

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$501,600
No
First
Mar 21, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$462,350
$69,949
13%
87%
$3,008/mo

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: McKinney

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