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$668,226

NAL Estimated Property Value

2305 Norway Spruce Street, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,944 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$178.33 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2018
Stories2
Garage Spaces3

Land Information

APNR-11364-00A-0130-1
Lot Number13
SubdivisionTimber Creek Phase 3 (Cmc)
Land UseResidential
Legal DescriptionTIMBER CREEK PHASE 3 (CMC), BLK A, LOT 13
Census Tract030604
Assessed Land Value$165,000
Assessed Improvement Value$503,226
Assessment Year2025

About this property

Beautifully decorated 4 bed home backing to beautiful trees and a jogging path on extremely quiet street just minutes from shopping in McKinney. Master bedroom suite features dual sinks, vanity, garden tub, separate shower and large walk in closet. Convenient guest bedroom and bath on main floor. Open kitchen and dining features built-in hutch, large island, expansive cabinets, quartz countertops, stainless appliances, whole house H20 softener and H20 filter system. Main floor executive study, family room w gas fireplace and ceiling to floor windows bring nature inside. Two beds, full bath, game and media rooms w barn doors upstairs. Long front driveway w room for 3 cars. Extended patio w gas connection.

Investor Tools

Property Icon
$668,226
Estimated Property Value
$333,352Estimated Mortgage Balance
$334,874Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,009 /month
Positive
Cash Flow Estimate:
$1,336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,135/month
$575/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,285
$668,226
2025
$165,000
$503,226
$668,226
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,285
$668,226

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$370,000
No
First
Mar 3, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,352
$334,874
50%
50%
$2,219/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,794/mo
+$726/mo
6.3%

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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2305 Norway Spruce Street | Property Details | No Agent List