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Days18Days on Market
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$549,000

$618,000

2806 Mayfair Ln, McKinney, TX, 75071

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,159 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.79 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Marble, Vinyl

Exterior

Exterior FeaturesElectric Grill, Rain Gutters, Lighting, Private Yard

Building Information

Year Built1994
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-2197-004-0190-1
Lot Number19
SubdivisionMayfair Addition Phase I (Cmc)
Land UseResidential
Legal DescriptionMAYFAIR ADDITION PHASE I (CMC), BLK 4, LOT 19
Census Tract030609
Assessed Land Value$140,000
Assessed Improvement Value$414,703
Assessment Year2025

About this property

Nestled in the sought-after Mayfair subdivision in the heart of McKinney, this meticulously maintained one-owner home offers timeless design, thoughtful updates, and a lifestyle centered around comfort and connection. Ideally situated near highly regarded public and private educational options, including Slaughter Elementary, Imagine International Academy, and McKinney Christian Academy, the location combines everyday convenience with an established community atmosphere. Thoughtfully designed for both entertaining and daily living, the beautifully remodeled kitchen serves as the heart of the home, featuring updated finishes and an open flow into the main living areas. A rare connected formal living and dining space creates an elegant yet inviting setting ideal for hosting gatherings, celebrations, or quiet evenings at home. The updated downstairs half bath features marble tile and a classic pedestal sink, adding refined character and charm. The spacious primary suite is privately situated downstairs, offering a peaceful retreat with comfort and convenience. The primary bath has also been thoughtfully updated to create a spa-inspired atmosphere. Upstairs, three additional bedrooms are complemented by a versatile game room and a Jack-and-Jill bath, providing flexible living for family and guests alike. Step outside to discover lush landscaping, mature trees, and a gated rear-entry driveway with a generous amount of parking. The outdoor living spaces offer endless opportunities for entertaining, hobbies, recreation, or simply enjoying the tranquility of the backyard setting. Residents of Mayfair enjoy access to exceptional neighborhood amenities, including a community pool and tennis courts, all within minutes of shopping, dining, and daily conveniences. Gently lived in and impeccably cared for; this beautifully updated residence presents an exceptional opportunity in the heart of McKinney. Commuting is effortless with quick access to Highway 75 and 121.

Investor Tools

Property Icon
$584,000
Estimated Property Value
$165,800Estimated Mortgage Balance
$584,000Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,504 /month
Positive
Cash Flow Estimate:
$1,168 /month

Interested in this property?

Krista Cheatham

Briggs Freeman Sotheby's Int'l

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
$895/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,168
$554,703
2025
$140,000
$414,703
$554,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,168
$554,703

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aegis Mtg Corp
Assumption
$165,800
Yes
First
Jun 16, 1995
Jul 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$554,703
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$895/mo
+$2,625/mo
7.2%

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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2806 Mayfair Ln | Property Details | No Agent List