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$575,629

NAL Estimated Property Value

2815 Summer Tree Ln, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,979 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.29 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

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 Oven, Gas Cooktop, Double Oven, Vented Exhaust Fan, Wine Cooler
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-2197-004-0080-1
Lot Number8
SubdivisionMayfair Addition Phase I (Cmc)
Land UseResidential
Legal DescriptionMAYFAIR ADDITION PHASE I (CMC), BLK 4, LOT 8
Census Tract030609
Assessed Land Value$140,000
Assessed Improvement Value$435,629
Assessment Year2025

About this property

Beautifully landscaped single-story home, in Mayfair Estates, an established, tree-filled neighborhood featuring 4 bedrooms & an office, 2.5 baths. Open-concept layout with formal dining just off the kitchen and spacious living and breakfast areas overlooking the professionally landscaped backyard with a custom heated inground spa and umbrella shade cover. No carpet -- engineered wood and tile flooring throughout. Split-bedroom design with tall ceilings, abundant storage and extensive custom finishes. Large tiled entry leads to a spacious office featuring plantation shutters, crown molding, engineered wood flooring and ceiling fan. Oversized dining room with crown molding is ideal for entertaining and large gatherings. Gourmet kitchen offers tiled flooring, recessed lighting, double ovens, two microwaves, dishwasher, disposal, oversized single-basin stainless steel sink, cookie sheet storage, wine rack and cooler, 50-inch oak upper cabinets and a 5 - burner vented gas cooktop built into the oversized island with breakfast bar and abundant storage. Utility room includes space for a freezer. Spacious living area features built-in bookcase, gas fireplace, engineered wood flooring, and stunning backyard views. Private split primary suite includes plantation shutters and bath, dual walk-in closets, double shower heads, 35-inch double-sink vanity with knee space, medicine cabinet, and linen closet. Secondary bedrooms share a hall bath with tiled flooring and tub-shower combination.

Investor Tools

Property Icon
$575,629
Estimated Property Value
$457,289Estimated Mortgage Balance
$118,340Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,454 /month
Positive
Cash Flow Estimate:
$1,151 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$811/month
$895/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,859
$575,629
2025
$140,000
$435,629
$575,629
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,859
$575,629

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$320,216
No
First
May 18, 2020
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$457,289
$118,340
20%
79%
$3,060/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,955/mo
$-435/mo
7.3%

City: McKinney

2815 Summer Tree Ln | Property Details | No Agent List