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$882,959

NAL Estimated Property Value

1508 Litchfield Dr, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,356 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.32 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Water Purifier, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Double Oven
FlooringCarpet, Hardwood, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2006
Stories2
Garage Spaces3

Land Information

APNR-8345-00L-0540-1
Lot Number54
SubdivisionLacima Manor (Cmc)
Land UseResidential
Legal DescriptionLACIMA MANOR (CMC), BLK L, LOT 54
Census Tract030546
Assessed Land Value$240,000
Assessed Improvement Value$642,959
Assessment Year2025

About this property

Gorgeous Drees Custom Home in the prestigious La Cima Manor of Stonebridge Ranch—situated on a cul-de-sac with over $108K in upgrades! This thoughtfully designed floor plan features rich architectural details, including hand-scraped hardwood floors, custom art niches, and designer lighting. The spacious owner’s retreat is a private haven with a striking bay window, spa-like remodeled bath, and two walk-in closets expertly customized by California Closets, one with an island and vanity, large enough to feel like a boutique dressing room. (Originally a 5th bedroom, this space can be converted back if desired.) The open-concept kitchen has been beautifully updated with luxurious granite on the recently remodeled island, extended prep space, added cabinetry, and built-in refrigerator and new KitchenAid microwave. The inviting living room boasts soaring ceilings and a cozy fireplace, creating a perfect setting for entertaining. Upstairs offers three generously sized bedrooms, a striking spiral staircase, and a media room complete with a dry bar and soundproofed with QuietRock—ideal for immersive movie nights. Additional features include whole-home surround sound, cedar closet, and smart storage throughout. Step outside to a private backyard retreat with an extended patio and pergola covered in polycarbonate panels—perfect for enjoying shade or sheltering from rain. A new board-on-board fence adds privacy and polish. Major updates include a new HVAC system, water heaters, and more for comfort and efficiency. This home also boasts exceptional curb appeal, enhanced by the stone elevation, and the spacious 3-car garage. The Stonebridge Ranch community is known for its lakes, walking trails, beach club, tennis, and pickleball courts, offering an active, outdoor lifestyle just minutes from top-rated schools, Whole Foods, and dining. With a low-maintenance yard and great proximity to the Dallas North Tollway, makes commuting a breeze. Don’t miss it!

Investor Tools

Property Icon
$882,959
Estimated Property Value
$685,512Estimated Mortgage Balance
$197,447Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,340 /month
Positive
Cash Flow Estimate:
$1,780 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,415/month
$1,003/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,560
$882,959
2025
$240,000
$642,959
$882,959
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,560
$882,959

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Conventional
$693,600
No
First
Sep 2, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$685,512
$197,447
22%
78%
$4,159/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$5,162/mo
$-1,642/mo
4.8%

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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1508 Litchfield Dr | Property Details | No Agent List