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$638,867

NAL Estimated Property Value

705 Spring Falls Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,370 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.55 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size7,690 sqft

Building Information

Year Built2014
Stories2
Garage Spaces2

Land Information

APNR-10640-00X-0490-1
Lot Number49
SubdivisionTrinity Falls Planning Unit 1 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 1 PHASE 1B, BLK X, LOT 49
Census Tract030202
Assessed Land Value$148,500
Assessed Improvement Value$490,367
Assessment Year2025

About this property

Welcome to this stunning home tucked away on a quiet cul-de-sac in the highly sought-after community of Trinity Falls. Backing to a peaceful greenbelt with beautiful tree-lined views, this exceptional property offers a perfect blend of comfort and everyday living. Step inside to an open, light-filled floorplan designed for both entertaining and relaxation. The spacious living area, anchored by a striking stone gas log fireplace, flows effortlessly into the heart of the home — a beautifully designed kitchen with abundant cabinetry, walk-in pantry and gas range, is ideal for gathering to create lasting memories with family and friends. The upper lighted kitchen cabinetry with glass doors, adds both elegance and functionality, creating a truly stunning focal point in the home. Just off the entry, you’ll find a home office perfect for remote work space. The versatile formal dining area offers endless possibilities & can easily serve as a craft room, children’s study area, or flexible living space to fit your lifestyle. Ceramic tile wood-look flooring flows throughout the main living areas, complemented by updated carpet and ceiling fans throughout all bedrooms. The downstairs primary suite offers dual sinks, a soaking tub, and frameless glass shower. Upstairs, enjoy a spacious game room and dedicated media room perfect for movie nights. One upstairs bedroom features its own en suite bath, ideal for guests or multigenerational living. High ceilings throughout the home enhance the open and airy feel, adding to the home's impressive design and welcoming atmosphere. Step outside to your private backyard oasis featuring a gorgeous pool with water features and covered patio overlooking the greenbelt. Trinity Falls amenities include 3 pools, hike & bike trails, pickleball, fitness facility, clubhouse, parks, catch-and-release fishing lakes, an on-site activities director, & more. Conveniently located near Hgwy 75, offering easy access to shopping, dining, and commuting.

Investor Tools

Property Icon
$638,867
Estimated Property Value
$289,616Estimated Mortgage Balance
$349,852Estimated Equity
57% 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
$979/month
$393/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,560
$638,867
2025
$148,500
$490,367
$638,867
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,560
$638,867

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Stand Alone First / Home Equity First Lien
$328,000
No
First
Jun 10, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,616
$393,384
57%
45%
$1,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,360/mo
+$1,160/mo
6.6%

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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705 Spring Falls Dr | Property Details | No Agent List