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$374,000

3648 Zellwood Ln, McKinney, TX, 75069

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,857 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.39 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
FlooringCarpet, Tile, Vinyl

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-12119-00G-0370-1
Lot Number37
SubdivisionMeridian At Southgate (Cmc)
Land UseResidential
Legal DescriptionMERIDIAN AT SOUTHGATE (CMC), BLK G, LOT 37
Census Tract030801
Assessed Land Value$100,000
Assessed Improvement Value$264,896
Assessment Year2025

About this property

Meticulously maintained McKinney townhome is situated conveniently near major highways 75 & 121, shopping, restaurants, Historic Downtown McKinney, McKinney Greens Park (quick walk from the home!) and TONS of walking trails that will take you all the way to Towne Lake! Cul-de-sac location with views of the serene community Lake & amenities that include a sparkling community pool, dog park & multiple playgrounds! Landscaping is maintained by the HOA & AT&T Fiber Internet is included with HOA dues. The elegant yet cozy open concept interior of this home boasts stunning (and durable!) luxury vinyl plank flooring throughout the downstairs AND up the staircase (added by seller). Chef's kitchen featuring Quartz counters, 5 burner gas cooktop, SS appliances, large pantry & a modern neutral finish out that you will absolutely love to cook and entertain in. Light & airy Living room with vaulted ceilings and an architecturally pleasing staircase which houses a pocket office provide versatility & functionality. Charming half bath down and several storage closets. Upstairs you'll find a bonus loft which would make a great sitting area, small game room or another office plus two Bedroom suites. The Primary is roomy with a massive closet and a spa-like bathroom that offers separate double sinks & oversized shower, Quartz Counters and so much storage; it's gorgeous! The other bedroom is also ensuite with a lovely bathroom featuring Quartz counters and a large closet. The convenient upstairs laundry room has a sink that was added by the seller. Attached two car garage is insulated and offers security & convenience. 2021 Built home provides great energy efficiency=low utility bills! Contact Agent for more information about this lease. Kitchen Refrigerator and washer & dryer convey. So many updates; this townhome offers the very best of North Texas living combined with a low maintenance lifestyle.

Investor Tools

Property Icon
$374,000
Estimated Property Value
$231,690Estimated Mortgage Balance
$159,264Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,999
$364,896
2025
$100,000
$264,896
$364,896
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,999
$364,896

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Green Brick Mortgage Llc
Conventional
$231,690
No
First
Jul 7, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,736
$159,264
42%
57%
$1,390/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$1,715/mo
$-150/mo
5.0%

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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3648 Zellwood Ln | Property Details | No Agent List