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$646,367

NAL Estimated Property Value

700 Preservation Ln, McKinney, TX, 75069

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,503 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.72 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APNR-8885-00C-0170-1
Lot Number17
SubdivisionChapel Hill Phase 1b (Cmc)
Land UseResidential
Legal DescriptionCHAPEL HILL PHASE 1B (CMC), BLK C, LOT 17
Census Tract030802
Assessed Land Value$172,500
Assessed Improvement Value$473,867
Assessment Year2025

About this property

Multiple offers received. Best and final due 10AM Monday 5-9. Located in beautiful Chapel Hill, this chic custom home offers exceptional finishes, and the most peaceful view of the Warden Creek Hike and Bike Trail. Enjoy front porch views of the greenbelt, take a stroll down the trail to historic downtown McKinney or go the opposite direction to Towne Lake. Inside, enjoy an open floorplan with neutral color paint, and extensive wood flooring is in all of downstairs except for the bedrooms and baths. A lovely cast stone fireplace enhances the family room. The kitchen has granite countertops, an abundance of cabinets, a roomy pantry and opens to the nook and family room. The Breakfast nook opens up to a charming solarium. The upstairs game room is quite large and would also make an awesome bedroom with its own separate bath. The plush primary bedroom suite has separate vanities, a garden tub, shower, large closet and is split from the other 2 bedrooms. Large side yard on a corner lot!

Investor Tools

Property Icon
$646,367
Estimated Property Value
$231,706Estimated Mortgage Balance
$414,661Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,878 /month
Positive
Cash Flow Estimate:
$1,293 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,099/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,952
$646,367
2025
$172,500
$473,867
$646,367
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,952
$646,367

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$250,000
No
First
Jun 8, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,706
$414,661
64%
36%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,799/mo
+$173/mo
3.7%

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 Preservation Ln | Property Details | No Agent List