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$699,000

3124 Lapis Lane, McKinney, TX, 75071

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,177 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.02 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 5Bathrooms 5
AppliancesDishwasher, Disposal, Dryer, Washer

Exterior

Lot Size6,621 sqft

Building Information

Garage Spaces2

Land Information

APNR-13078-00A-0040-1
Lot Number4
SubdivisionPainted Tree Lakeside South
Land UseVacant Residential Lots In City Under 5 Acres
Legal DescriptionPAINTED TREE LAKESIDE SOUTH PHASE 1A (CMC), BLK A, LOT 4
Census Tract030605
Assessed Land Value$115,000
Assessment Year2025

About this property

Welcome to 3124 Lapis Lane, where modern elegance meets luxury living in the highly sought-after Painted Tree community of McKinney. This 4-bedroom, 4.5-bath residence offers 3,177 sq ft with a 2-car garage, backing directly to a protected greenbelt — no future development behind the home, just a private view of the trees from the living room, primary bedroom, and backyard. The kitchen features an oversized island with a leathered granite waterfall countertop, matching backsplash, custom shaker cabinetry, stainless steel appliances, a built-in oven and microwave, a Blanco granite sink, and a walk-in pantry. Designer pendant lighting and a statement dining chandelier add a curated feel, while matte black ceiling fans in the living room and primary bedroom bring in modern texture. Soaring 20-foot ceilings and large windows fill the open living and dining spaces with natural light. Downstairs includes the primary suite and a second bedroom; upstairs offers upgraded carpeting, a game room, a media room, and two additional bedrooms. Enjoy an extended patio with private greenbelt views. The home is prewired for Ethernet, HomePro security with sensors, surround sound in the living room and theater room, backyard sound, and exterior security cameras, plus a Rainbird WiFi irrigation system and WiFi garage opener. Additional features include a whole-house water softener, reverse osmosis system, EV charging, and a laundry room with a brand-new washer and dryer. Painted Tree offers miles of walking trails, a scenic lake, resort-style pools, parks and playgrounds, low HOA dues, no MUD or PID taxes, a low tax rate, and acclaimed McKinney ISD schools.

Investor Tools

Property Icon
$414,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,194 /month
Positive
Cash Flow Estimate:
$1,398 /month

Interested in this property?

Max Gibbs

Northtex Realty LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
$270/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,590
$115,000
2025
$115,000
N/A
$115,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,590
$115,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Grbk Mortgage Llc
Conventional
$436,917
No
First
Dec 18, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,467
N/A
0%
104%
$2,620/mo

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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3124 Lapis Lane | Property Details | No Agent List