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$457,481

NAL Estimated Property Value

1409 Somerset Dr, McKinney, TX, 75072

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,876 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.33 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Electric Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APNR-4796-00E-0060-1
Lot Number6
SubdivisionSomerset (Cmc)
Land UseResidential
Legal DescriptionSOMERSET (CMC), BLK E, LOT 6
Census Tract030525
Assessed Land Value$105,000
Assessed Improvement Value$352,481
Assessment Year2025

About this property

This beautiful home in Stonebridge Ranch is a must-see! This 3 Bed, 2 Bath, Dining Room or Office Single Story home is in a peaceful cul-de-sac. The spacious and open floor plan is perfect for entertaining. Wood floors in the living room and dining room. The kitchen features a large island with bar top seating, granite counters, a gas cooktop, and white cabinets. The kitchen boasts a skylight allowing in natural light. The beautifully updated primary bathroom boasts modern vanities, a standalone tub, and a beautiful glass shower. A large backyard with a cedar wood-covered 12 feet x 40 inches stamped concrete extended patio, mature trees & room for a pool addition is a perfect place to spend a relaxing afternoon. The attic has been floored for additional storage. Enjoy all of the Stonebridge Ranch amenities: pools, parks & playgrounds, pickle ball courts, hike & bike trails & much more.

Investor Tools

Property Icon
$457,481
Estimated Property Value
$0Estimated Mortgage Balance
$457,481Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,874 /month
Positive
Cash Flow Estimate:
$958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$723/month
$908/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,391
$457,481
2025
$105,000
$352,481
$457,481
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,391
$457,481

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$457,481
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,320/mo
$908/mo
+$1,412/mo
6.1%

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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1409 Somerset Dr | Property Details | No Agent List