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$360,926

NAL Estimated Property Value

702 Trace Trl, Lowry Crossing, TX, 75069

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,139 Sq Ft
price_per_sqft$151.94 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Gas Range, Microwave

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2023
Stories2
Garage Spaces2

Land Information

APNR-13162-00A-0170-1
Lot Number17
SubdivisionSimpson Crossing
Land UseResidential Single Family
Legal DescriptionSIMPSON CROSSING PHASE 1 (CLC), BLK A, LOT 17
Census Tract031007
Assessed Land Value$115,000
Assessed Improvement Value$245,926
Assessment Year2025

About this property

This exceptional single-family home is located in the highly sought-after Simpson Crossing community. The property offers four generously sized bedrooms and two and a half bathrooms, designed to accommodate both comfort and functionality. The open-concept floor plan features a welcoming living area. Modern conveniences include access to high-speed internet and cable TV. Outdoors, the neat backyard and covered patio provide a serene setting for relaxation or gatherings. Interior finishes include ceramic tile and carpet flooring, decorative lighting, and a spacious two-car garage. Simpson Crossing boasts a lifestyle enriched by a range of amenities. Imagine strolling through a community with parks and greenspaces, hearing children's laughter echo through the playground, or basking in the Texas sun by the resort-style pool and cabana. Dive into the fun at the kid's splash pad or explore nature on the trails that wind through the community. Situated within the acclaimed McKinney Independent School District, the home is conveniently located near Webb Elementary, Johnson Middle School, and McKinney North High School. A must-see opportunity.

Investor Tools

Property Icon
$360,926
Estimated Property Value
$367,348Estimated Mortgage Balance
$360,926Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$601/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,411
$360,926
2025
$115,000
$245,926
$360,926
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,411
$360,926

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Fha
$381,041
Yes
First
May 10, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$367,348
N/A
0%
102%
$2,285/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,985/mo
$-413/mo
8.6%

City: Lowry Crossing

702 Trace Trl | Property Details | No Agent List