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$866,000

NAL Estimated Property Value

505 N College St, McKinney, TX, 75069

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,821 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$336.76 / sqft
Year BuiltBuilt in 1886

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Tankless Water Heater
FlooringBrick, Hardwood

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size8,491 sqft

Building Information

Year Built1895
Stories2
Roof Type105

Land Information

APNR-0945-003-003A-1
Lot Number3A
SubdivisionTuckers Addition (Cmc)
Land UseResidential
Legal DescriptionTUCKERS ADDITION (CMC), BLK 3, LOT 3A
Census Tract030702
Assessed Land Value$250,000
Assessed Improvement Value$402,658
Assessment Year2025

About this property

From the moment you drive up to this storybook cottage you will know that you have found something special. A one of a kind dream home located in McKinney's highly acclaimed Historic District, tucked away on College St and just a short 10 minute walk to the Historic Square. The large front porch welcomes you and is perfect for enjoying summer evenings. The attention to even the smallest details are apparent as you step through the front door. Two beautiful living spaces are located on the first floor, along with the primary bedroom with ensuite bathroom and second bedroom downstairs with its own ensuite bathroom. Designer custom touches are at every turn of this beautifully transformed home. The kitchen boasts a farmhouse apron sink, custom vent hood, quartz countertops, and a corner breakfast nook. Dining room has the original sawn cut wood walls and amazing custom English hen basket chandelier. Upstairs you will find two more bedrooms, a full bath, and a bonus room that can easily be a 5th bedroom, playroom, or office. The precious backyard has multiple decks, high end turf, and a mosquito misting system. Two small sheds give you plenty of storage. The larger black shed has custom storage, insulated walls & ceilings, wall ac unit, cedar ceiling & new lighting. Only with years of love, incredible talent, and meticulous attention to every detail can a home like this be created. Now you have this rare opportunity to make it yours. Welcome home!

Investor Tools

Property Icon
$866,000
Estimated Property Value
$795,845Estimated Mortgage Balance
$70,155Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$783/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,063
$652,658
2025
$250,000
$402,658
$652,658
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,063
$652,658

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Unknown
$806,442
No
First
Aug 19, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$795,845
$70,155
8%
92%
$4,836/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$4,836/mo
$-2,264/mo
3.6%

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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505 N College St | Property Details | No Agent List