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$3,995,176

NAL Estimated Property Value

404 Kings Lake Drive, McKinney, TX, 75072

Off MarketInfo
Beds5 Beds
Baths7 Bath
Baths10,732 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.57 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5.5Bathrooms Full 5.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Stone

Exterior

Exterior FeaturesBalcony
Lot Size29,969 sqft

Building Information

Year Built2005
Stories3
Garage Spaces6

Land Information

APNR-8181-00A-0350-1
Lot Number35
SubdivisionKings Lake (Cmc)
Land UseResidential
Legal DescriptionKINGS LAKE (CMC), BLK A, LOT 35
Census Tract030531
Assessed Land Value$735,000
Assessed Improvement Value$3,260,176
Assessment Year2025

About this property

Calling all homebuilders, flippers and investors this Magnificent four story estate in Prestigious Kings Lake Located on a prime lake front lot has had water damage from inside sprinklers which malfunctioned. Homeowner has moved on and is selling this beautiful home in AS IN CONDITION. This is a great opportunity to secure a beautiful property to either remodel existing home or tear down and rebuild to suite your needs.

Investor Tools

Property Icon
$3,995,176
Estimated Property Value
$2,409,641Estimated Mortgage Balance
$1,585,535Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$23,971 /month
Positive
Cash Flow Estimate:
$7,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,693/month
$3,280/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$48,343
$3,995,176
2025
$735,000
$3,260,176
$3,995,176
No

Tax History

Year
Tax Paid
Assessed Value
2024
$48,343
$3,995,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,925,700
No
First
Oct 27, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,409,641
$1,585,535
39%
60%
$15,743/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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404 Kings Lake Drive | Property Details | No Agent List