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$825,000

1501 Litchfield Dr, McKinney, TX, 75071

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths4,352 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.57 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Slate, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size10,497 sqft

Building Information

Year Built2004
Stories2
Garage Spaces3

Land Information

APNR-8345-00L-0570-1
Lot Number57
SubdivisionLacima Manor (Cmc)
Land UseResidential
Legal DescriptionLACIMA MANOR (CMC), BLK L, LOT 57
Census Tract030546
Assessed Land Value$288,000
Assessed Improvement Value$680,044
Assessment Year2025

About this property

Meticulously maintained & perfectly situated on a rare corner cul-de-sac lot, this exceptional home offers a private, resort-like setting with tranquil private lake views. Enjoy peaceful seclusion just moments from parks, dining, and top-rated Wilmeth Elementary. The backyard is designed for year-round enjoyment with a sparkling pool, elegant stonework, mature landscaping, and neighboring green space lined with trees that provide remarkable privacy rarely found in the community. Inside, this Huntington custom home offers a neutral palette; soaring ceilings and abundant windows with plantation shutters throughout. Gorgeous hardwood floors extend throughout the first floor and continue upstairs. A private study with French doors features built-ins, a beautiful coffered ceiling, and access to its own patio. Formal living and dining spaces flow seamlessly into the open-concept family room, complete with built-ins and a stone gas fireplace. The spacious kitchen features a substantial 9-foot island, Viking & KitchenAid appliances, butler’s pantry, and a large walk-in pantry. The nearby utility room and mudroom add functionality and organization. The primary suite overlooks the pool and features a spacious bath with a soaking tub and oversized walk-in shower. Upstairs, you'll find a game room, flex room, and additional bedrooms. Recent improvements include a new roof & gutters, new west-facing upstairs windows, a new fence, 4 new patio fans, a KitchenAid microwave, and a garbage disposal. An electric privacy gate provides access to the three-car garage and additional parking. Stonebridge Ranch residents enjoy an exceptional collection of amenities, including tennis & pickleball courts, aquatic facilities, Beach Club, parks, walking trails, and more. With its rare lot, peaceful setting, thoughtful updates, and beautifully maintained interior, this home offers a special opportunity to enjoy the best of Stonebridge Ranch living. Schedule your showing today!

Investor Tools

$32,191Estimated Mortgage Balance
$935,853Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,808 /month
Positive
Cash Flow Estimate:
$1,936 /month

Interested in this property?

Maggie Dieter

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,573/month
$1,053/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,034
$968,044
2025
$288,000
$680,044
$968,044
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,034
$968,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Colonial Savings Fa
Conventional
$40,000
No
First
Apr 7, 2017
May 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$32,191
$935,853
96%
3%
$240/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,293/mo
+$2,227/mo
4.4%

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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1501 Litchfield Dr | Property Details | No Agent List