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Days69Days on Market
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$574,900

$585,990

3613 Sorghum Way, McKinney, TX, 75071

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,986 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.53 / 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, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-13089-0AA-0160-1
Lot Number16
SubdivisionErwin Farms
Land UseResidential Single Family
Legal DescriptionERWIN FARMS PHASE 4 (CMC), BLK AA, LOT 16
Census Tract030307
Assessed Land Value$145,000
Assessed Improvement Value$449,364
Assessment Year2025

About this property

Better than new and beautifully upgraded, this stunning 4-bedroom, 3-bath home in highly sought-after Erwin Farms offers nearly 3,000 square feet of thoughtfully designed living space. Built in 2023, the open-concept floorplan showcases updated engineered hardwood - level 1 flooring, abundant natural light, and modern finishes throughout. The chef-inspired kitchen features a gas cooktop, oversized island, built-in cabinetry, walk-in pantry, and seamless flow into the spacious living and dining areas, creating the perfect setting for entertaining and everyday living. A private first-floor study provides an ideal work-from-home space, while the secluded primary suite offers a sitting area, spa-like ensuite bath, and generous walk-in closet. A secondary bedroom and full bath downstairs provide flexibility for guests or multigenerational living. Upstairs, you'll find two additional bedrooms, a full bath, and an expansive game room ready for movie nights, play space, or a second living area. Enjoy relaxing mornings and evenings on the covered front and rear porches overlooking the landscaped backyard with sprinkler system. Additional highlights include a smart home system, tankless-style efficiency features, ample storage, and an attached two-car garage. Residents of Erwin Farms enjoy exceptional community amenities including a resort-style pool, playground, scenic jogging and biking trails, sidewalks, and beautifully maintained common areas. Conveniently located near shopping, dining, entertainment, and major commuting corridors, and zoned to highly regarded McKinney ISD schools including Vega Elementary, Johnson Middle School, and McKinney North High School.

Investor Tools

$445,446Estimated Mortgage Balance
$150,216Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,566 /month
Positive
Cash Flow Estimate:
$1,189 /month

Interested in this property?

Don McGrath

Lovejoy Homes Realty, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
$88/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,075
$594,364
2025
$145,000
$449,364
$594,364
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,075
$594,364

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ensure Home Loans Llc
Conventional
$446,735
No
First
Apr 20, 2026
May 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$445,446
$148,918
25%
75%
$2,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,767/mo
+$753/mo
7.1%

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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3613 Sorghum Way | Property Details | No Agent List