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$502,484

NAL Estimated Property Value

5104 Summit View Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.21 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2007
Stories2
Garage Spaces2

Land Information

APNR-8754-00D-0280-1
Lot Number28
SubdivisionSummit View Lake Phase One (Cmc)
Land UseResidential
Legal DescriptionSUMMIT VIEW LAKE PHASE ONE (CMC), BLK D, LOT 28
Census Tract030301
Assessed Land Value$105,000
Assessed Improvement Value$397,484
Assessment Year2025

About this property

Location! Prosper ISD! Amazing 2 story 4 bedroom with tons of upgrades in popular Summit View Lake. Great drive up with cedar doors & front balcony. Extensive wood floors & updated fixtures. Grand entry with dramatic staircase opens to an elegant formal area & private study. Spacious family room with custom stone fireplace. Island kitchen has rich granite counters, stainless steel appliances, gas cook top & tons of cabinets. Huge 1st floor master suite & luxurious bath. Large upstairs game room with access to the front balcony. Light & bright open floor plan! Close to private lake, park & community pool! Just minutes from 380 and 75! Pride of ownership shows.

Investor Tools

Property Icon
$502,484
Estimated Property Value
$419,563Estimated Mortgage Balance
$82,921Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,015 /month
Positive
Cash Flow Estimate:
$1,005 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$849/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,671
$502,484
2025
$105,000
$397,484
$502,484
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,671
$502,484

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Fha
$334,600
Yes
First
Nov 23, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$419,563
$82,921
16%
83%
$2,787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,062/mo
+$458/mo
8.4%

City: McKinney

5104 Summit View Drive | Property Details | No Agent List