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Days29Days on Market
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$1,050,000

2324 Grassmere Lane, McKinney, TX, 75071

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,224 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.58 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4.5Bathrooms Full 4.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2008
Stories2
Garage Spaces3

Land Information

APNR-9460-00K-0010-1
Lot Number1
SubdivisionTucker Hill Phase 1a (Cmc)
Land UseResidential
Legal DescriptionTUCKER HILL PHASE 1A (CMC), BLK K, LOT 1
Census Tract030301
Assessed Land Value$230,000
Assessed Improvement Value$729,417
Assessment Year2025

About this property

Fall in love with this charming, former model home in the sought-after Tucker Hill neighborhood. With storybook curb appeal, this 5-bedroom, 4.5-bath home sits on a corner lot on the ONLY street in Tucker Hill that enjoys one full acre filled with 100 year old pecan and oak trees as your front yard. Designed for indoor-outdoor living, every bedroom opens to a covered porch or patio, and the multi-level yard offers endless spaces to relax or entertain. Inside features a recently updated kitchen with Wolf gas range and quartz countertops, guest bathroom, and solid white oak hardwood floors. Open living with fireplace flows to dining and kitchen with built-in shelving. Upstairs, the luxe primary suite features dual vanities, jetted tub, and a separate shower, plus two guest rooms, media room, and game room. Rare casita with private entry, bath, and kitchenette is perfect for guests or multi-gen living. Zoned to Prosper ISD. Community includes a private dog park, pond, two children's parks and includes neighborhood events such as concerts at the fountain park and Saturday morning coffee on the porch.

Investor Tools

$398,733Estimated Mortgage Balance
$565,267Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

Interested in this property?

Jackie Dorbritz

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,329/month
$110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,130
$959,417
2025
$230,000
$729,417
$959,417
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,130
$959,417

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$435,000
No
First
Dec 6, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,733
$565,267
58%
41%
$2,609/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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