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$464,900

5604 Centeridge Ln, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,381 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.25 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built2014
Stories2
Garage Spaces2

Land Information

APNR-10358-00R-0230-1
Lot Number23
SubdivisionRobinson Ridge Phase Iv (Cmc)
Land UseResidential
Legal DescriptionROBINSON RIDGE PHASE IV (CMC), BLK R, LOT 23
Census Tract030301
Assessed Land Value$135,000
Assessed Improvement Value$368,156
Assessment Year2025

About this property

Located in highly sought-after Prosper Independent School District, this stunning stone and brick Tudor-style home stands out with timeless curb appeal and a thoughtfully designed floor plan. This home offers 3 bedrooms, 2.5 baths, a dedicated study, along with a spacious second living area upstairs, and provides the flexibility and functionality today’s buyers want. Perfectly positioned across from a pocket park, the home is filled with upgrades and practical features, including walk-out attic storage, dual sinks in the secondary bath, an extended under-stair pantry, a stone fireplace, and an expanded covered patio with additional flatwork and a gas hookup for grilling. The kitchen is designed for both everyday living and entertaining, featuring a stainless steel gas range, microwave, dishwasher, and a large island with ample prep and serving space. The split-bedroom layout offers privacy for everyone, while the spacious primary suite, tucked quietly at the back of the home, overlooks the pool-sized backyard. Upstairs, the generous second living area and half bath is ideal as a game room, media room, playroom, or flex space to fit your lifestyle. Located in the desirable Robinson Ridge community just north of Highway 380, this home offers convenient access to both the Ridge Road and Lake Forest corridors, making commuting simple. Residents enjoy exceptional neighborhood amenities including a large park, community pool, basketball court, pickleball courts, splash pad, BBQ grills, and a half-mile walking and exercise loop. Shopping, dining, and entertainment are all nearby along University Drive Hwy 380, while the charm of historic downtown McKinney is just minutes away. Seller is offering a $10,000 flooring and paint allowance.

Investor Tools

Property Icon
$503,156
Estimated Property Value
$150,000Estimated Mortgage Balance
$392,668Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,019 /month
Positive
Cash Flow Estimate:
$1,006 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,768
$503,156
2025
$135,000
$368,156
$503,156
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,768
$503,156

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brookhollow Mortgage Services Ltd
Conventional
$150,000
No
First
Jul 23, 2014
Aug 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$110,488
$392,668
78%
22%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$700/mo
+$2,000/mo
6.4%

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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5604 Centeridge Ln | Property Details | No Agent List