B+

NoAgentList RatingHow are grades calculated?

1view

$459,900

604 Parker Street, McKinney, TX, 75069

$463,665 ARV

Off Market

3 Beds

2 Bath

1,688 Sq Ft

Single Family Residence

$272.45 / sqft

Built in 1860

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2

AppliancesDishwasher, Gas Cooktop, Gas Oven

FlooringWood

Exterior

Exterior FeaturesFire Pit, Lighting

Lot Size14,863 sqft

Building Information

Year Built1860

Stories1

Land Information

APNR-0928-004-0030-1

Lot Number3

SubdivisionParker Addition (Cmc)

Land UseResidential

Legal DescriptionPARKER ADDITION (CMC), BLK 4, LOT 3

Census Tract030802

Assessed Land Value$290,000

Assessed Improvement Value$445,648

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED - Deadline Sunday 5pm!!! Super cute and well maintained 1860's prairie home with lots of charm, close to Town Square in the Historic District of McKinney. Located on a large, double lot, one of the city's original homes with many unique features only found in a Texas Historic Landmark. Eat in kitchen with antique tin ceiling tile, SS appliances, gas cooktop and oven, classic antique functional wood burning stove. Lots of natural light, wood floors and crown molding, antique door knobs and light fixtures. 2 full baths with ball and claw tubs. Large master and secondary bedroom. Versatile floor plan, smaller 3rd BR could be used as a study. Bonus guest house in the back with a full bath could be used as an in-law suite, an office or an income producing rental property. Screened in back porch perfect for morning coffee or a quiet evening drink. Flagstone patio, brick pathway, several mature shade trees and lots of yard space, surrounded by white picket fence

Investor Tools

$735,648

Estimated Property Value

$0Estimated Mortgage Balance

$562,679Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$463,665

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,414 /month

Positive

Cash Flow Estimate:

$1,471 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,254/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$11,369

$735,648

2025

$290,000

$445,648

$735,648

Tax History

Year

Tax Paid

Assessed Value

2024

$11,369

$735,648

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Conventional

$180,000

First

Mar 22, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$172,969

$562,679

76%

24%

$1,080/mo

Learn About the Market: Opportunity in Texas

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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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