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Days25Days on Market
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$419,000

$435,000

8601 Gracewood Dr, McKinney, TX, 75070

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,800 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$232.78 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Lot Size28.19 acres

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APNR-10189-008-8601-1
Lot Number8601
SubdivisionRetreat At Craig Ranch The (Cmc)
Land UseResidential
Legal DescriptionRETREAT AT CRAIG RANCH THE (CMC), BLDG 8, UNIT 8601, (AMENDED) (AMENDED)
Census Tract030542
Assessed Land Value$140,000
Assessed Improvement Value$299,634
Assessment Year2025

About this property

Beautifully designed condo home offering the perfect blend of comfort, functionality, and low-maintenance living. Thoughtful upgrades and custom touches can be found throughout this inviting property. The spacious primary suite serves as a relaxing retreat, featuring a luxurious bathroom complete with a sitting ledge in the shower for added convenience and comfort. The oversized walk-in closet (approximately 12x6) offers abundant storage space and is filled with natural light from a large window, creating a bright and inviting dressing area. The dedicated office space is equally impressive with tons of custom built-in cabinetry for organization and display, complete with elegant glass French doors that provide privacy while still allowing natural light to flow throughout the home. Enjoy the ease of condo living with a low-maintenance HOA that covers exterior maintenance, grounds care, and sprinkler systems, allowing more time to enjoy the community amenities. Residents have access to a beautiful clubhouse and resort-style pool, creating the perfect setting for relaxation and social gatherings. From the custom details to the exceptional community features, this home offers a wonderful combination of style, convenience, and carefree living.

Investor Tools

$0Estimated Mortgage Balance
$439,634Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,638 /month
Positive
Cash Flow Estimate:
$879 /month

Interested in this property?

Nick McCoy

Keller Williams Legacy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$833/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,802
$439,634
2025
$140,000
$299,634
$439,634
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,802
$439,634

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$439,634
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$440/mo
+$1,500/mo
5.3%

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.

Explore Texas Explore This Area
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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8601 Gracewood Dr | Property Details | No Agent List