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$595,000

3020 Althea St, McKinney, TX, 75071

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,441 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$243.75 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Combination, Hardwood, Tile, Wood

Exterior

Exterior FeaturesLighting
Lot Size4,530 sqft

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-12974-00D-0080-1
Lot Number8
SubdivisionPainted Tree Village North
Land UseResidential
Legal DescriptionPAINTED TREE VILLAGE NORTH PHASE 1A (CMC), BLK D, LOT 8
Census Tract030605
Assessed Land Value$144,000
Assessed Improvement Value$379,891
Assessment Year2025

About this property

Welcome to 3020 Althea Street in McKinney's highly desirable Painted Tree community, where modern design meets an incredible lifestyle. Built by Highland Homes, this beautifully maintained 4-bedroom, 3-bath home offers a light-filled open floor plan with stylish finishes, elegant black-trimmed windows, spacious living areas, and flexible spaces perfect for entertaining, working from home, or everyday living. The thoughtfully designed layout features generous bedrooms, a private primary suite, and a chef-inspired kitchen that flows seamlessly into the dining and living areas, creating the perfect gathering space for family and friends. The home also includes a smart security front door lock, and the security cameras will convey with the property, providing added convenience and peace of mind. Beyond the home, enjoy everything Painted Tree has to offer. This award-winning master-planned community is designed around nature with approximately 200 acres of preserved open space, a 20-acre stocked fishing lake, miles of scenic walking and biking trails, resort-style pools, parks, playgrounds, community gathering spaces, and The Outpost, a signature amenity hub featuring outdoor gathering areas and year-round community events. Conveniently located just minutes from Historic Downtown McKinney, shopping, dining, and major commuter routes, this community truly offers something for everyone. Don't miss your opportunity to own this exceptional Highland Home in one of McKinney's most sought-after communities.

Investor Tools

$497,355Estimated Mortgage Balance
$92,458Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

Interested in this property?

Christie Cannon

LPT Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
$90/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,517
$523,891
2025
$144,000
$379,891
$523,891
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,517
$523,891

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Logan Finance Corp
Conventional
$517,573
No
First
May 17, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$497,355
$52,645
9%
84%
$3,104/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,194/mo
+$326/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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3020 Althea St | Property Details | No Agent List