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$2,490,000

1501 Chancellor Ln, McKinney, TX, 75072

Under ContractInfo
Beds7 Beds
Baths8 Bath
Baths9,011 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$276.33 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Range, Ice Maker, Wine Cooler

Exterior

Private PoolPrivate Pool
Lot Size1.50 acres

Building Information

Year Built2003
Stories2
Garage Spaces7

Land Information

APNR-4524-00A-013R-1
Lot Number13R
SubdivisionChancellor Creek (Cmc)
Land UseResidential
Legal DescriptionCHANCELLOR CREEK (CMC), BLK A, LOT 13R; * REPLAT * REPLAT
Census Tract030544
Assessed Land Value$380,000
Assessed Improvement Value$1,723,182
Assessment Year2025

About this property

Located in the prestigious Chancellor Creek, this extraordinary estate offers a rare blend of scale, privacy, and resort-style living on nearly 1.5 acres. Just minutes from Stonebridge Ranch Country Club, the property delivers an unmatched lifestyle in one of McKinney’s most sought-after communities. Designed for both grand entertaining and everyday comfort, the main residence spans with expansive living areas, soaring ceilings, and refined finishes throughout. The chef’s kitchen is equipped for elevated hosting, seamlessly connecting to multiple gathering spaces, a media room, and a custom bar area that invites unforgettable evenings at home. A standout feature of the property is the fully equipped guest residence, offering two full size bedrooms each with a private bathroom, private balcony overlooking the backyard, large upstairs mixed use living area, and its own kitchen and living quarters—ideal for multigenerational living, long-term guests, or income-producing opportunities. The primary suite serves as a true retreat, offering generous space and privacy, while additional bedrooms provide flexibility for family, guests, or work-from-home needs. Step outside to your own private resort—complete with a pool and spa, covered outdoor living area, and a sprawling backyard with endless possibilities for recreation and entertaining. Car enthusiasts and entertainers alike will appreciate the expansive 6-car garage, with 10 ft clearance for large vehicles, circular drive, and additional space designed for convenience and function. Zoned to highly acclaimed McKinney Independent School District, this one-of-a-kind estate delivers luxury, versatility, and privacy—all in a prime location.

Investor Tools

$31,718Estimated Mortgage Balance
$2,433,282Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,940 /month
Positive
Cash Flow Estimate:
$4,980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,527/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$53,997
$2,103,182
2025
$380,000
$1,723,182
$2,103,182
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$53,997
$2,103,182

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zarjin Llc
Unknown
$35,000
No
First
Jul 1, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$31,718
$2,433,282
98%
1%
$210/mo

City: McKinney