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Days1408Days on Market
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$520,000

$525,000

717 Rio Concho Trl, McKinney, TX, 75071

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths2,726 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.76 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,448 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10640-00X-0300-1
Lot Number30
SubdivisionTrinity Falls Planning Unit 1 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 1 PHASE 1B, BLK X, LOT 30
Census Tract030202
Assessed Land Value$128,250
Assessed Improvement Value$396,371
Assessment Year2025

About this property

Experience elevated living in this beautifully appointed home nestled in the award-winning Trinity Falls community of McKinney. A dramatic entry welcomes you with soaring ceilings, abundant natural light, & a stunning second-story balcony overlooking the main living space, creating an impressive first impression. The dedicated executive office features custom built-ins & overlooks the front of the home, offering the perfect blend of style & functionality. At the heart of the home, the inviting living room is anchored by a striking stone fireplace with a substantial stone mantel & flows effortlessly into the dining area & beautifully designed kitchen. The kitchen showcases pristine white cabinetry, granite countertops, a spacious eat-in bar top island, gas cooktop, pantry, & generous workspace, making it ideal for everyday living & entertaining alike. The private primary suite offers a relaxing retreat & luxurious spa-like en-suite, while upstairs you'll find a spacious game room, oversized media room, 2 additional bedrooms, & a full bath, providing exceptional flexibility for family & guests. Step outside to the covered back patio complete with a ceiling fan, overlooking a generous grassy backyard with plenty of room to relax, play, or entertain. Enjoy the unmatched lifestyle Trinity Falls is known for, featuring resort-style pools, a clubhouse, fitness center, scenic lakes, fishing, pickleball courts, parks, playgrounds, miles of walking & biking trails, greenbelts, & year-round community events. Conveniently located near historic Downtown McKinney, shopping, dining, entertainment, top-rated McKinney ISD schools, & with easy access to US-75, Sam Rayburn Tollway, & nearby business corridors, this exceptional home offers the perfect combination of luxury, comfort, & convenience. Notable updates include a 2025 HVAC replacement on one unit, custom office built-ins, & epoxy garage floors.

Investor Tools

$465,067Estimated Mortgage Balance
$61,997Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,148 /month
Positive
Cash Flow Estimate:
$1,049 /month

Interested in this property?

Renee Beaver

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$700/month
$393/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,777
$524,621
2025
$128,250
$396,371
$524,621
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,777
$524,621

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$494,700
No
First
Feb 21, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$465,067
$59,554
11%
89%
$2,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$3,359/mo
$-659/mo
6.2%

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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717 Rio Concho Trl | Property Details | No Agent List