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$1,176,000

NAL Estimated Property Value

8620 Palermo Way, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths6,285 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.8 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 6Bathrooms Full 6
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood, Vinyl

Exterior

Exterior FeaturesOutdoor Grill

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APNR-10286-00H-0130-1
Lot Number13
SubdivisionEstates Of Verona Phase 2 (Cmc)
Land UseResidential
Legal DescriptionESTATES OF VERONA PHASE 2 (CMC), BLK H, LOT 13
Census Tract030546
Assessed Land Value$230,000
Assessed Improvement Value$891,000
Assessment Year2025

About this property

Running a successful business from home? Enjoy hosting events and gathering with friends and family? This custom designed 5 beds, 6 baths, 6,285 sq ft. floor plan provides privacy for those living in the home yet has an intimate space for all to gather together. The flow of this home is unparalleled with indoor spaces opening onto the outdoor features; including large outdoor TV, Komodjoe grilling egg, custom travertine pool, low-maintenance artificial turf stays green all year without being watered- Over 150k has been invested into upgrading the outdoor living! Great room, vaulted ceilings, gourmet kitchen, huge master suite, game room and media room, two studies, oversized garage can accommodate 3 cars or 2 cars plus golf cart, finished attic space for additional storage space, custom work room, large walk-in closets located in every bedroom and throughout the home. The custom work room is a unique feature with AC, large windows and plenty of space for your whole team!

Investor Tools

Property Icon
$1,176,000
Estimated Property Value
$968,991Estimated Mortgage Balance
$207,009Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,100 /month
Positive
Cash Flow Estimate:
$2,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,026/month
$187/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$18,430
$1,121,000
2025
$230,000
$891,000
$1,121,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$18,430
$1,121,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$1,045,500
No
First
Jun 15, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$968,991
$207,009
17%
82%
$6,269/mo

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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8620 Palermo Way | Property Details | No Agent List