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$259,000

2624 Terrace Drive, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.2 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Laminate, Marble, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size6,068 sqft

Building Information

Year Built2001
Stories2
Garage Spaces2

Land Information

APNR-4843-00C-0100-1
Lot Number10
SubdivisionHighpointe Phase 5a (Cmc)
Land UseResidential
Legal DescriptionHIGHPOINTE PHASE 5A (CMC), BLK C, LOT 10
Census Tract030605
Assessed Land Value$95,000
Assessed Improvement Value$275,224
Assessment Year2025

About this property

This beautiful and spacious home featuring an open concept is perfect for those who love to entertain and for active families. The downstairs boasts laminate flooring throughout, a cozy wood-burning fireplace in the main living area, a large eat-in kitchen with an island and recently installed french doors leading out to the large backyard with a new wood fence. The master bedroom is huge and has a separate sitting area. The secondary bathroom was recently updated with marble floors, a new sink, toilet and fixtures. Other recent updates and features include new windows and exterior painting. Conveniently located close to McKissick Park, the elementary school, Hwy 75 and shopping and dining establishments.

Investor Tools

Property Icon
$370,224
Estimated Property Value
$0Estimated Mortgage Balance
$142,339Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,221 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
$196/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,499
$370,224
2025
$95,000
$275,224
$370,224
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,499
$370,224

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hcp Mortgage Llc
Conventional
$250,500
No
First
Aug 13, 2021
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,885
$142,339
38%
62%
$1,502/mo

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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2624 Terrace Drive | Property Details | No Agent List