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$501,685

813 Park Place Ln, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,844 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$260.3 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Water Softener
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2013
Stories1
Garage Spaces2

Land Information

APNR-10324-00A-0210-1
Lot Number21
SubdivisionInwood Hills Phase 3 (Cmc)
Land UseResidential
Legal DescriptionINWOOD HILLS PHASE 3 (CMC), BLK A, LOT 21
Census Tract030609
Assessed Land Value$140,000
Assessed Improvement Value$361,685
Assessment Year2025

About this property

Motivated seller - bring your best offer! Move in ready with exceptional home upgrades and outdoor living features in the heart of McKinney! This beautifully maintained 3-bedroom, 2-bath home with an additional fully enclosed flex space offers 1,844 sq ft of thoughtfully designed living space in a highly desirable area near McKinney's trail system, parks including Bonnie Wenk Park, schools, and everyday amenities including a community pool. The open-concept kitchen features refreshed cabinetry, Samsung stainless steel appliances, a 5-burner gas range, built-in microwave with vent hood, dishwasher, and generous countertop space overlooking both the eat-in dining and the family room perfect for everyday living and entertaining. Whole-home water filtration system with reverse osmosis drinking water provides enhanced water quality throughout the home. System includes a multi-stage filtration setup, dedicated storage tank, and water softening components for improved taste, reduced impurities, and added peace of mind. The private primary suite includes a completely remodeled ensuite bath, dual sinks and a spacious walk-in closet. Two secondary bedrooms, one with walk-in closet, are split from the primary and share a full bath. The enclosed flex room with French doors provides excellent versatility and can function as a home office, formal dining, workout space, or bonus living area. Step outside to an impressive custom 15x20 covered patio featuring vaulted 12-ft Douglas fir framing, cedar beams, and colored stamped decorative concrete designed to resemble natural stone a true outdoor fully fenced private living showpiece. The award-winning landscaping (Yard of the Month) showcases mature trees and beautifully maintained grounds in both the front and backyard - THIS HOME IS A MUST SEE!

Investor Tools

Property Icon
$501,685
Estimated Property Value
$0Estimated Mortgage Balance
$501,685Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,010 /month
Positive
Cash Flow Estimate:
$1,003 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$701/month
$660/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,901
$501,685
2025
$140,000
$361,685
$501,685
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,901
$501,685

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$501,685
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$660/mo
+$2,040/mo
6.5%

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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813 Park Place Ln | Property Details | No Agent List