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$726,000

NAL Estimated Property Value

1408 W Lamar St, McKinney, TX, 75069

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,623 Sq Ft
price_per_sqft$175.37 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size10,676 sqft

Building Information

Year Built1966
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-0873-000-0150-1
Lot Number15
SubdivisionCongress Park Lamar Installment (Cmc)
Land UseResidential
Legal DescriptionCONGRESS PARK LAMAR INSTALLMENT (CMC), LOT 15
Census Tract030702
Assessed Land Value$236,250
Assessed Improvement Value$391,066
Assessment Year2025

About this property

We have received multiple offers and the sellers are requesting all offers due by Monday 2.7.22 8:00pm. A two month + leaseback is helpful for the sellers. Please reach out for any information. This eloquent home is just a short walk to all that Historic Downtown McKinney has to offer! Features four generous bedrooms, three living spaces, beautiful on trend updates throughout and a sparkling pool. A perfect setup for those working from home or needing extra space for children. Some recent improvements include luxury vinyl flooring upstairs, new windows, new HVAC system, new sewer line, Katchakid custom pool cover.

Investor Tools

Property Icon
$726,000
Estimated Property Value
$501,340Estimated Mortgage Balance
$224,660Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,356 /month
Positive
Cash Flow Estimate:
$1,452 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,045/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,915
$627,316
2025
$236,250
$391,066
$627,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,915
$627,316

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Va
$543,900
Yes
First
Mar 4, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$501,340
$224,660
30%
69%
$3,261/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.

Explore Texas Explore This Area
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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1408 W Lamar St | Property Details | No Agent List