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$647,660

NAL Estimated Property Value

2814 Summer Tree Lane, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,617 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$132.79 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Double Oven, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built1988
Stories2
Roof Type134
Garage Spaces2

Land Information

APNR-2197-003-0270-1
Lot Number27
SubdivisionMayfair Addition Phase I (Cmc)
Land UseResidential
Legal DescriptionMAYFAIR ADDITION PHASE I (CMC), BLK 3, LOT 27
Census Tract030609
Assessed Land Value$168,000
Assessed Improvement Value$479,660
Assessment Year2025

About this property

Beautifully updated 2 story home in sought after Mayfair Estates. This home welcomes you with updates including neutral interior paint, vinyl wood-like floors, custom white trim & casement moldings. Kitchen showcases granite counter tops, SS appliances, white cabinets with bronze hardware & designer back splash. Master bath remodel boasts over sized shower with frameless glass, granite, fresh lights & framed mirror. New light fixtures, switch plates & doorknobs throughout. Family room offers 2-way wood burning fireplace & built in cabinetry. Delight in oversized treed lot & spacious pool-sized backyard. Iron gate at driveway. Roof replaced in 2017, HVAC in 2011. There is community pool, park and tennis courts!

Investor Tools

Property Icon
$647,660
Estimated Property Value
$283,303Estimated Mortgage Balance
$364,357Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,886 /month
Positive
Cash Flow Estimate:
$1,295 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$799/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,354
$647,660
2025
$168,000
$479,660
$647,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,354
$647,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$327,750
No
First
Jul 5, 2019
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,303
$364,357
56%
44%
$1,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,466/mo
+$1,054/mo
6.5%

City: McKinney

2814 Summer Tree Lane | Property Details | No Agent List