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$1,750,000

4097 Fm 1461, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths3,572 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$489.92 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size2.57 acres

Building Information

Year Built1998
Stories2
Garage Spaces3

Land Information

APNR-13173-00A-0020-1
Lot Number2
SubdivisionLockwood Addition (Gcn)
Land UseResidential Single Family
Legal DescriptionLOCKWOOD ADDITION (GCN), BLK A, LOT 2
Census Tract030301
Assessed Land Value$280,309
Assessed Improvement Value$1,444,202
Assessment Year2025

About this property

11.912 Acres with 1.5 Story Home and Tree Lined Creek just outside the McKinney City Limits. Prime Location with Frontage on Frontier Parkway (FM 1461), No City Tax and No HOA. Recent Updates include Granite in Bathrooms, Game Room and Utility, LED Lighting, Paint and Carpet throughout. Beautiful Living Room with Vaulted Ceiling, A-Frame Beams, Stone Fireplace and Built-Ins. Kitchen includes Double Oven, Wine Refrigerator, Refrigerator and Tons of Cabinetry. Master Suite has Bay Windows, Separate Vanities and Large Walk-In Closet. 2 Guest Bedrooms Down with Jack-N-Jill Bathroom. Game Room Up with Wet Bar. Utility Room with Sink. Screened-In Room off of Kitchen. Workshop 24' x 24' with Overhang and Electric.

Investor Tools

Property Icon
$1,724,511
Estimated Property Value
$887,500Estimated Mortgage Balance
$574,235Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,877/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,896
$1,724,511
2025
$280,309
$1,444,202
$1,724,511
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,896
$1,724,511

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers Bank & Trust
Commercial
$887,500
No
First
Sep 7, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,150,276
$574,235
33%
67%
$7,481/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$7,481/mo
$-4,781/mo
1.9%

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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4097 Fm 1461 | Property Details | No Agent List