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$709,000

NAL Estimated Property Value

700 Heron Creek Pass, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,190 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.11 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan

Building Information

Year Built2018
Stories2
Garage Spaces3

Land Information

APNR-11428-00B-0300-1
Lot Number30
SubdivisionTrinity Falls Planning Unit 3 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 3 PHASE 1B, BLK B, LOT 30
Census Tract030202
Assessed Land Value$147,000
Assessed Improvement Value$515,625
Assessment Year2025

About this property

WOW yourself with this awesome Perry plan in Trinity Falls! Curb appeal and walking distance to the school with new pickle ball and basketball court! Upon entrance a grand 2 story foyer with glass french doors to study with custom beams. Wall paneling in entry way to formal dining room with shiplap wall. Designer light fixtures throughout! Open living and kitchen area with stainless steel appliances. Massive windows and natural light lead to oversized patio with pool and spa. In-ground trampoline included! Upstairs you will find 3 oversized bedrooms and 2 full baths with large walk-in closets! Loft area perfect for game room with flex media space can also be used as 5th bedroom! Brand new elementary school walking distance along with gym, amenity center, pool splash pad, dog park, AND playground! This is one you don't want to miss out on!

Investor Tools

Property Icon
$709,000
Estimated Property Value
$648,208Estimated Mortgage Balance
$60,792Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,071/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,311
$662,625
2025
$147,000
$515,625
$662,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,311
$662,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Teachers Fcu
Conventional
$662,500
No
First
Jul 1, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$648,208
$60,792
8%
91%
$4,131/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$4,506/mo
$-986/mo
6.0%

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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700 Heron Creek Pass | Property Details | No Agent List