NOT LISTED FOR SALE

3601 Panama Cove McKinney, TX 75071

North McKinney Neighborhood

Estimated Value: $630,639 - $702,000

4 Beds
3.5 Baths
3,687 Sq Ft
$180/Sq Ft Est. Value

Last Sold September 15, 2017

Current estimated payment $4,548/month

Highlights

  • 0.35 Acre Lot
  • Clubhouse
  • Jogging Path
  • Scott Morgan Johnson Middle School Rated A-
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of September 2024

Gorgeous former Megatel model home. With a remarkable huge backyard, this 2 story Kava plan features 4 bedrooms, 3 and a half baths, a study room off the entry, open floor plan with dining, living, & kitchen open style, The master suite boasts pop up ceilings with recessed lights. Upstairs you will find a game or living room with french doors leading to a media room. Hardwood floor in study room and family room.
This large beautiful house is located in Erwin Farms, a large Master Planned community in the heart of McKinney, with walking trails, a large pool and community center as well as amazing water ways and a spectacular entry into the community complete with water features and water mill. Easy access to highways 380 and 75, and Costco.

Last Agent to Rent the Property

Jim Glynn

JG Real Estate, LLC Brokerage Phone: 817-896-7990 License #0540156 Listed on: 07/03/2024

Last Renter's Agent

NON-MLS MEMBER

NON MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,450

Year Built

  • Built in 2016

Lot Details

  • 0.35 Acre Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,687 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Utility Room
  • Washer and Electric Dryer Hookup

Schools

  • Naomi Press Elementary School
  • Johnson Middle School
  • Mckinney North High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,095
  • Tenant pays for all utilities, grounds care
  • $50 Application Fee
  • Legal Lot and Block 36 / J
  • Assessor Parcel Number R1088000J03601

Community Details

Overview

  • Erwin Farms Ph 1 Subdivision
  • Mandatory Home Owners Association

Amenities

  • Clubhouse

Recreation

  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,450

Year Built

Built in 2016

Lot Details

0

Parking

2

Rental Info

  • PetsAllowed: Yes
  • Deposit Amount: 3095
  • Lease Conditions: Application Fee, Credit Report, Written Application (+)
  • Lease Type: Yearly, 1 Year Plus
  • Tenant Pays: All Utilities, Grounds Care
  • Application Fee: 50

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Restrictions: No Smoking, No Sublease, No Waterbeds, Pet Restrictions
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • App Fee Plus18 Yrs Y N: Yes
  • Attribution Contact: 817-896-7990
  • Special Features: None
  • Year Built: 2016

Interior Features

  • Square Footage: 3687.00
  • Fireplace Features: Gas, Gas Logs
  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Dishwasher, Disposal, Gas Range, Tankless Water Heater
  • Basement YN: No
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 2
  • Room Count: 2
  • Appliances: No

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Club House, Jogging Path/Bike Path
  • Roof: Composition

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: Garage
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • LaundryFeatures: Electric Dryer Hookup, Utility Room, Washer Hookup
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Association Fee: 1
  • Association Fee Frequency: Annually
  • Association Type: Mandatory

Schools

  • School District: McKinney ISD
  • Elementary School: Naomi Press
  • Middle School: Johnson
  • High School: McKinney North
  • School District: McKinney ISD
  • Elementary School: Naomi Press

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.3490
  • Parcel Number: R1088000J03601
  • Lot Size Acres: 0.3490
  • Lot Size Sq Ft: 15202.4400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2016

Tax Info

  • TaxBlock: J
  • Tax Lot: 36

MLS Schools

  • Middle School Name: Johnson
  • Elementary School Name: Naomi Press
  • High School Name: McKinney North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2023
Sold by
Zhu Siquan
Bought by
Series 3601 Panama Cove Ps and 48888 Holdings Llc
Current Estimated Value
$664,660

Purchase Details

Closed on
May 27, 2016
Sold by
Megatel Homes Inc
Bought by
Zhu Siquan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2016
Sold by
Ctmgt Erwin Farms Llc
Bought by
Megatel Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.59%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Series 3601 Panama Cove Ps -- None Listed On Document
Zhu Siquan -- Chicago Title Of Texas
Megatel Homes Inc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhu Siquan $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2024 09/02/24 Rented $3,095 0.0% --
08/16/2024 08/16/24 Under Contract -- -- --
08/07/2024 08/07/24 Price Changed $3,095 -8.8% $1 / Sq Ft
08/07/2024 08/07/24 Price Changed $3,395 -2.9% $1 / Sq Ft
08/01/2024 08/01/24 Price Changed $3,495 -5.4% $1 / Sq Ft
07/31/2024 07/31/24 Price Changed $3,695 -2.6% $1 / Sq Ft
07/13/2024 07/13/24 Price Changed $3,795 -2.4% $1 / Sq Ft
07/03/2024 07/03/24 For Rent $3,888 0.0% --
09/15/2017 09/15/17 Sold -- -- --
08/16/2017 08/16/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $3,395 -- $1 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

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
2024 $11,450 $646,442 $172,500 $473,942
2023 $11,450 $628,974 $143,750 $485,224
2022 $10,899 $543,846 $126,500 $417,346
2021 $9,567 $450,500 $97,750 $352,750
2020 $8,814 $390,000 $97,750 $292,250
2019 $9,390 $395,000 $97,750 $297,250
2018 $10,070 $414,000 $97,750 $316,250
2017 $8,606 $353,835 $86,250 $267,585
2016 $1,553 $62,560 $62,560 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Glynn

    Landlord's Agent in 2024

    Jim Glynn

    JG Real Estate, LLC

    (817) 896-7990

    1 in this area

    267 Total Sales

    Jim Glynn
    Section Image

  • N

    Tenant's Agent in 2024

    NON-MLS MEMBER

    NON MLS

  • A

    Seller's Agent in 2017

    Alexander DiSaggio

    City Group Properties

    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20663944

North Texas Real Estate Information Systems (NTREIS)

APN: R-10880-00J-0360-1

Texas Collin County McKinney 75071 North McKinney

3601 Panama Cove, McKinney, TX

This home is located at 3601 Panama Cove, McKinney, TX 75071 since 03 July 2024 and is currently priced at $664,660. This property was built in 2016. 3601 Panama Cove is a home located in Collin County with nearby schools including Naomi Press Elementary School, Scott Morgan Johnson Middle School, and Mckinney North High School.

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