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$745,395

NAL Estimated Property Value

501 Elm Creek Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,039 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$123.77 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2010
Stories2
Garage Spaces2

Land Information

APNR-9648-00H-0090-1
Lot Number9
SubdivisionInwood Hills Phase 1 (Cmc)
Land UseResidential
Legal DescriptionINWOOD HILLS PHASE 1 (CMC), BLK H, LOT 9
Census Tract030609
Assessed Land Value$147,000
Assessed Improvement Value$598,395
Assessment Year2025

About this property

STUNNING Meritage Built Home that shows like a model! This 4 bedroom, 3.5 bath home features a welcoming grand rotunda as you enter, floor to ceiling stone fireplace in the den, wood floors, shiplap wall in the formal LR, wet bar upstairs off the game room, media room & so much more. Enjoy outdoor living with the built in outdoor kitchen, large covered patio overlooking the pool & spa with water features. Picture perfect views as this backyard backs up to a beautiful treed greenbelt! A treed view in the heart of McKinney is a unique opportunity you don't want to miss! Home is situated in a perfect location south of 380, close commute to 75 & surrounded by tons of new shopping, grocery, dining, & entertainment!

Investor Tools

Property Icon
$745,395
Estimated Property Value
$324,383Estimated Mortgage Balance
$421,012Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,472 /month
Positive
Cash Flow Estimate:
$1,491 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,200/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,671
$745,395
2025
$147,000
$598,395
$745,395
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,671
$745,395

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sirva Mortgage Inc
Conventional
$371,250
No
First
Dec 16, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,383
$421,012
56%
44%
$2,226/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,666/mo
+$854/mo
5.7%

City: McKinney

501 Elm Creek Drive | Property Details | No Agent List