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$465,000

3000 Vitex Way, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,386 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.89 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Playground, Private Yard

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-12899-0AD-0090-1
Lot Number9
SubdivisionPreserve At Honey Creek Phase 7 (Cmc)
Land UseResidential
Legal DescriptionPRESERVE AT HONEY CREEK PHASE 7 (CMC), BLK AD, LOT 9
Census Tract030202
Assessed Land Value$156,000
Assessed Improvement Value$336,008
Assessment Year2025

About this property

Beautifully maintained one-story, 4-bedroom, 3-bath home with a bonus room (currently being used as a playroom) in Preserve at Honey Creek, offering open-concept living, abundant natural light, and a functional layout on an oversized lot with a large backyard. The light-filled open floor plan seamlessly connects the living room, dining area, and modern kitchen, ideal for entertaining and everyday living. A split-bedroom layout provides privacy, with one secondary bedroom featuring an ensuite bath, perfect for guests or an older teen. The primary suite and remaining bedrooms offer comfort and flexibility, while the office serves as a home workspace or study. Step outside to a pool-sized backyard ready for fun, complete with an existing swing set and pergola for relaxing or hosting. This move-in ready, previously owned one-story home stands out from new builds by offering built-in upgrades, no construction delays, and a larger, functional lot, delivering immediate livability and strong value per square foot. Located in a smaller, welcoming community, Preserve at Honey Creek gives you the chance to get to know your neighbors while still enjoying privacy and space. With NO MUD tax and convenient access to top-rated McKinney ISD schools, parks, shopping, dining, and major highways, you get all the amenities of McKinney living, without the premium price of larger master-planned neighborhoods. Don’t miss your chance to own this spacious, light-filled one-story home in a close-knit McKinney community, schedule a showing today and see all it has to offer!

Investor Tools

Property Icon
$492,008
Estimated Property Value
$436,500Estimated Mortgage Balance
$73,933Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$700/month
$832/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,945
$492,008
2025
$156,000
$336,008
$492,008
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,945
$492,008

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$436,500
No
First
Feb 8, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$418,075
$73,933
15%
85%
$2,618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,450/mo
+$70/mo
8.6%

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.

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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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3000 Vitex Way | Property Details | No Agent List