Last list price
SOLD SEP 10, 2024
RENTED JAN 13, 2025
304 Oak St McKinney, TX 75069
Historical McKinney Neighborhood
4
Beds
2
Baths
1,549
Sq Ft
5,663
Sq Ft Lot
Highlights
- 1-Story Property
- Luxury Vinyl Plank Tile Flooring
- Wood Fence
- Faubion Middle School Rated A-
- Central Heating and Cooling System
About This Home
As of September 2024Discover a prime duplex investment that is walking distance from downtown McKinney at 304 Oak Street in McKinney, TX. Offering a solid 6% NOI with both units renting below market value. The North unit secures $1,200 a month until December 31, 2024, while the South unit, updated in 2020, commands $1,500 a month until February 28, 2025. Upgrades include a new kitchen, new bathroom, repaint, windows, and flooring, enhancing appeal and value. Ideal for investors seeking steady income and growth potential in a vibrant location. Don't miss this turnkey asset in a sought-after area.
Last Agent to Sell the Property
The Joyce Realty Group Brokerage Phone: 214-773-9412 License #0676044 Listed on: 03/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,077
Year Built
- Built in 1960
Lot Details
- 5,663 Sq Ft Lot
- Wood Fence
Parking
- Covered Parking
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
Kitchen
- Electric Oven
- Electric Range
- Microwave
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Minshew Elementary School
- Mckinney Boyd High School
Utilities
- Central Heating and Cooling System
- Overhead Utilities
- Cable TV Available
Listing and Financial Details
- Tax Lot 565D
- Assessor Parcel Number R0926000565D1
Community Details
Overview
- 2 Units
- 1,549 Sq Ft Building
- Mckinney Outlots Subdivision
Building Details
- Gross Income $32,400
- Net Operating Income $24,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 22, 2016
Sold by
Hoppe Michael L and Hoppe Natalie A
Bought by
Kuehne Ben and Kuehne Alycia
Current Estimated Value
Purchase Details
Closed on
Aug 31, 2006
Sold by
The Geneva Group Lp
Bought by
Hoppe Michael L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 1, 2003
Sold by
Frankum Jo Ann
Bought by
Lee Michael and Carifee Linda Sue
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
12%
Mortgage Type
Seller Take Back
Similar Homes in McKinney, TX
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Capital Title | |
| Vendors Lien | -- | Lwt | |
| Contract Of Sale | $19,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $370,500 | New Conventional | |
| Closed | $105,500 | New Conventional | |
| Previous Owner | $85,750 | New Conventional | |
| Previous Owner | $94,000 | Purchase Money Mortgage | |
| Previous Owner | $17,625 | Stand Alone Second | |
| Previous Owner | $19,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2025 01/13/25 | Rented | $1,675 | 0.0% | -- |
| 11/12/2024 11/12/24 | Price Changed | $1,675 | -11.6% | $2 / Sq Ft |
| 11/02/2024 11/02/24 | For Rent | $1,895 | 0.0% | -- |
| 09/10/2024 09/10/24 | Sold | -- | -- | -- |
| 08/14/2024 08/14/24 | Pending | -- | -- | -- |
| 05/14/2024 05/14/24 | Price Changed | $399,000 | -2.7% | $258 / Sq Ft |
| 03/28/2024 03/28/24 | For Sale | $410,000 | -- | $265 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $5,248 | $284,330 | $126,000 | $158,330 |
| 2022 | $5,317 | $265,300 | $128,000 | $137,300 |
| 2021 | $4,299 | $202,441 | $80,000 | $122,441 |
| 2020 | $4,312 | $190,787 | $76,000 | $114,787 |
| 2019 | $3,485 | $146,585 | $68,000 | $78,585 |
| 2018 | $2,806 | $115,376 | $64,000 | $51,376 |
| 2017 | $2,740 | $112,644 | $60,000 | $52,644 |
| 2016 | $2,263 | $91,143 | $40,000 | $51,143 |
| 2015 | $1,798 | $71,252 | $33,600 | $37,652 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Brown
Seller's Agent in 2025
Jason Brown
Solutions Real Estate Texas
(512) 535-4472
1 in this area
84 Total Sales
-
Ashton Kuehne
A
Seller's Agent in 2024
Ashton Kuehne
The Joyce Realty Group
(469) 514-5935
1 in this area
6 Total Sales
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20570196
APN: R-0926-000-565D-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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