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$375,000

9300 Chesapeake Lane, McKinney, TX, 75071

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.79 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-4684-00B-0500-1
Lot Number50
SubdivisionVirginia Hills Addition Phase Two (Cmc)
Land UseResidential
Legal DescriptionVIRGINIA HILLS ADDITION PHASE TWO (CMC), BLK B, LOT 50
Census Tract030524
Assessed Land Value$98,325
Assessed Improvement Value$252,247
Assessment Year2025

About this property

Welcome home to this beautifully updated 3-bedroom, 2-bath single-story residence situated on a desirable corner lot. With Prosper ISD! Inside, you'll find durable luxury vinyl plank flooring, granite countertops, and an abundance of natural light streaming through numerous windows. The thoughtfully designed floor plan includes both a formal dining area and an eat-in kitchen, perfect for everyday living and entertaining. The kitchen is equipped with gas appliances and offers plenty of space for meal preparation and gathering. The spacious primary suite features a spa-like bathroom with a walk-in shower and relaxing soaking tub. A cozy wood-burning fireplace creates a warm and inviting atmosphere in the main living area. Step outside to enjoy the fully fenced backyard, providing privacy and plenty of room for outdoor activities, and your pets. Combining modern updates, comfortable living spaces, and a convenient corner-lot location, this home is ready for its next owner. Located in the heart of Mckinney, close to shopping, restaurants, easy access to 380 and 121.

Investor Tools

$141,667Estimated Mortgage Balance
$213,333Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Tammy Martellini

Texas Elite Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$713/month
$528/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,780
$350,572
2025
$98,325
$252,247
$350,572
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,780
$350,572

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Conventional
$172,500
No
First
Sep 6, 2017
Oct 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,667
$213,333
60%
40%
$1,035/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,563/mo
+$1,137/mo
9.1%

City: McKinney

9300 Chesapeake Lane | Property Details | No Agent List