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$595,000

203 Covey Ln, McKinney, TX, 75071

$773,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,095 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.01 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave
FlooringCarpet, Vinyl

Building Information

Garage Spaces2

About this property

Welcome to 203 Covey Ln., a custom 2,088 square foot home located in the highly desirable Dove Creek subdivision. Situated on just under an acre with a mature canopy of trees, this property offers exceptional privacy and a peaceful, park-like setting while remaining conveniently close to Highway 75, shopping, dining, and everyday amenities. The interior features a light-filled open floorplan with thoughtful custom finishes throughout. The remodeled kitchen, completed in 2018, includes all-new appliances, a spacious breakfast area, 48-inch white shaker cabinetry with glass inserts, soft-close doors, deep drawers, under-cabinet lighting, a coffee bar, and an oversized granite island ideal for entertaining. The kitchen flows seamlessly into the main living areas, creating an open and functional layout. The split-bedroom design enhances privacy, complemented by a formal dining room for gatherings. The spacious primary suite includes a flexible sitting area or office space. The ensuite bath features dual vanities with a dedicated makeup area, a garden jetted tub, and an oversized shower. Durable porcelain plank tile extends throughout the main living areas, kitchen, and bathrooms. A wood-burning fireplace serves as the focal point of the living room, while the screened-in porch with two ceiling fans extends the living space outdoors. Additional decking overlooks the beautifully treed backyard, which is fully enclosed with an iron fence and three gates. Recent updates include a new roof in 2018, a new garage door and opener, and an internet tower. Blending privacy, modern updates, and a prime location, 203 Covey Ln. offers a rare opportunity in Dove Creek.

Investor Tools

$0Estimated Mortgage Balance
$360,606Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$773,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

Interested in this property?

Jon Callaway

Keller Williams Realty DPR

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$925/month
No HOA
5.947%

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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