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$637,646

NAL Estimated Property Value

217 Gilpin Ln, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths2,987 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built2016
Stories2
Garage Spaces2

Land Information

APNR-10811-00A-0190-1
Lot Number19
SubdivisionPark Ridge (Cmc)
Land UseResidential
Legal DescriptionPARK RIDGE (CMC), BLK A, LOT 19
Census Tract030609
Assessed Land Value$147,000
Assessed Improvement Value$490,646
Assessment Year2025

About this property

Don’t miss this beautifully maintained home in the desirable city of McKinney. Originally purchased from the builder in 2016, the owner has kept it in great condition. The home is complete with updated paint throughout, a brand new gas cooktop and brand new built in microwave. Downstairs you will the primary bedroom along with an additional study that includes a full closet, offering the flexibility of a fifth bedroom. The open floor plan provides both comfort and functionality, while the kitchen impresses with stainless steel appliances, a spacious walk-in pantry, and stunning granite countertops. The primary suite features an en-suite bathroom with a large garden tub and separate shower accented by elegant plantation shutters. Upstairs you will find an oversized loft along with 3 additional bedrooms that all include a connecting full bath, giving you the opportunity to make any additional bedroom a primary with bathroom access available to all. Step outside to a generous backyard with a sparkling pool that the owner will pay to keep maintained and cleaned for your benefit—Pool service is included in the rental payment. So enjoy your morning coffee while looking out to your large backyard accented with beautiful trees and nature. Schedule a showing today before this gem is claimed again!

Investor Tools

Property Icon
$637,646
Estimated Property Value
$248,692Estimated Mortgage Balance
$388,954Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,826 /month
Positive
Cash Flow Estimate:
$1,275 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$974/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,496
$637,646
2025
$147,000
$490,646
$637,646
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,496
$637,646

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$265,000
No
First
Jan 13, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,692
$388,954
60%
39%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,589/mo
+$1,931/mo
6.6%

City: McKinney

217 Gilpin Ln | Property Details | No Agent List