Last 24 Hours
$550,000
$650,000
2991 County Road 341, McKinney, TX, 75071
On Market
Price Drop
Highlights
Interior
Bedrooms —
Bathrooms —Exterior
Lot Size5.06 acres
Land Information
APNR-6741-001-0820-1
Lot Number82
SubdivisionThomas A Rhodes Survey
Land UseVacant Land
Legal DescriptionABS A0741 THOMAS A RHODES SURVEY, SHEET 1, TRACT 82, 5.06 ACRES
Census Tract030201
Assessed Land Value$404,800
Assessment Year2025
About this property
Imagine building your dream home with a view of your own private lake. This beautiful setting is on over 5 acres and is located in the highly sought Melissa ISD. It is on a corner lot and has quick access to several major roads including Hwy 380, I-75, Highway 121 and Highway 5, you will enjoy the best of quiet living not too far from shopping and restaurants. This area is growing fast, so grab this opportunity to have that huge property you've been dreaming of before it is priced out of reach.
Investor Tools
$314,497Estimated Mortgage Balance
$90,303Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$720/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,616
$404,800
2025
$404,800
N/A
$404,800
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,616
$404,800
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Heritage Land Bank Aca
Unknown
$337,500
No
First
Oct 21, 2022
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,497
$90,303
22%
78%
$2,024/mo
12.4%