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$356,000

NAL Estimated Property Value

309 Gershwin Way, McKinney, TX, 75072

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,287 Sq Ft
price_per_sqft$271.95 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile

Building Information

Year Built2003
Stories2
Garage Spaces2

Land Information

APNR-8088-00A-0170-1
Lot Number17
SubdivisionSymphony At Stonebridge (Cmc)
Land UseResidential
Legal DescriptionSYMPHONY AT STONEBRIDGE (CMC), BLK A, LOT 17
Census Tract030525
Assessed Land Value$95,000
Assessed Improvement Value$216,210
Assessment Year2025

About this property

Located as part of the Stonebridge master-planned community, this 2 bdrm townhome w 2.5 bathrooms. Freshly painted in July. Wood floors. Corner 2-story tall fireplace w shiplap. Kitchen opens to living room & dining area. Kitchen with dual color, granite and barn door into pantry and utilityroom. Both bdrms upstairs. Balcony upstairs. No maintenance backyard w artificial turf. Sit under the wooden pergola for your morning coffee or evenings w your favorite drink. Conveniently located off Stonebridge and Virginia Parkway w retail, shopping and grocery store - Tom Thumb across street & so is the USPS and Fire Station No 5 is not far away. Enjoy the StoneBridge amenities like beach club, tennis, basketball, swimming pool & children's playground. Hike & walking trails nestled in the community. Even a catch & release fishing pond. Adriatica is literally just across the street.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$279,991Estimated Mortgage Balance
$76,009Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,136 /month
Positive
Cash Flow Estimate:
$712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$644/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,945
$311,210
2025
$95,000
$216,210
$311,210
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,945
$311,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens Bank Na
Conventional
$294,780
No
First
Aug 17, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,991
$76,009
21%
79%
$1,768/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,320/mo
$1,993/mo
+$327/mo
7.8%

City: McKinney

309 Gershwin Way | Property Details | No Agent List