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$330,000

616 Hemmingway Lane, McKinney, TX, 75069

Off MarketInfo
LeaseInfo
Beds4 Beds
Baths2 Bath
Baths1,605 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.31 / sqft
Year BuiltBuilt in 2025

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APNR-13394-00H-0310-1
Lot Number31
SubdivisionSimpson Crossing
Land UseResidential Single Family
Legal DescriptionSIMPSON CROSSING PHASE 2 (CLC), BLK H, LOT 31
Census Tract031412
Assessed Land Value$78,000
Assessed Improvement Value$166,422
Assessment Year2025

About this property

NEW RERIGERATOR,WASHER AND DRYER INCLUDED Welcome to this beautifully maintained one-story home in the sought-after Simpson Crossing community! Featuring 4 spacious bedrooms and 2 full baths, this home offers an open and inviting layout perfect for modern living. The bright and airy living area flows seamlessly into the kitchen, complete with granite countertops, stainless steel appliances, and ample cabinet space. The private primary suite boasts a spa-like ensuite bath with dual sinks, standing shower and a walk-in closet. Three additional bedrooms provide flexibility for a home office or guest space. Step outside to a covered patio and a fenced backyard, ideal for entertaining or relaxing. Located in a Mckinney school district and minutes from shopping, dining, this home is a must-see! This street was named Lullaby previously, so try 616 Lullaby Lane(Hemingway), Lowry Crossing TX 75069 for directions.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$244,422
2025
$78,000
$166,422
$244,422
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$244,422

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$240,000
No
First
Mar 7, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,053
$94,947
28%
71%
$1,439/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,439/mo
+$1,133/mo
9.4%

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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