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$425,000

203 Applewood Ct, McKinney, TX, 75071

PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,097 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.67 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave
FlooringCarpet, Tile

Building Information

Year Built2000
Stories1
Garage Spaces2

Land Information

APNR-3181-00D-0160-1
Lot Number16
SubdivisionBradford Ridge (Cmc)
Land UseResidential
Legal DescriptionBRADFORD RIDGE (CMC), BLK D, LOT 16
Census Tract030609
Assessed Land Value$109,250
Assessed Improvement Value$311,120
Assessment Year2025

About this property

Tucked away on a quiet cul-de-sac in Bradford Ridge, this inviting single-story home offers 2,097 square feet of thoughtfully designed living space, plus a rare detached living opportunity that opens the door to countless possibilities. Inside, you'll find 4 bedrooms, 2 fully updated bathrooms, and a flexible floor plan designed to adapt to your lifestyle. Just off the foyer, the formal dining room can easily serve as a second living area, home office, playroom, or study. The spacious family room is anchored by a cozy fireplace and provides a comfortable space to gather with family and friends. The generously sized Primary Suite features 2 walk in closets and spa-like ensuite. The garage conversion creates a unique bonus space complete with its own kitchen, full bathroom, and HVAC system - that is not included in the 2097 Square Footage of the property. Ideal for multigenerational living, an aging parent, guest quarters, private office, home business, or teen retreat, this versatile space adds functionality rarely found in today's market. For buyers seeking traditional garage space, the conversion can be removed. Situated on an oversized .27-acre lot, the backyard is a true highlight with mature trees, room to entertain, and a peaceful setting. The property backs to medical offices that close in the evening, creating a surprisingly quiet and private atmosphere after business hours. Additional features include solar screens, a storage shed that conveys with the property, and the freedom of no HOA restrictions. Conveniently located just minutes from US-75 and HWY-380, Bonnie Wenk Park, the McKinney Dog Park, Historic Downtown McKinney, shopping, and dining, this home combines neighborhood charm with everyday convenience.

Investor Tools

$104,623Estimated Mortgage Balance
$315,747Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,530
$420,370
2025
$109,250
$311,120
$420,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,530
$420,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Pacific Mortgage Co Inc
Conventional
$117,050
No
First
Jan 25, 2021
Feb 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,623
$320,377
75%
25%
$702/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$702/mo
+$2,818/mo
10.0%

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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203 Applewood Ct | Property Details | No Agent List