$400,000
SOLD DEC 6, 2021
Last list price
5 Beds
3 Baths
2,297 Sq Ft
2,483 Sq Ft Lot

Recently Sold

$174 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Community Pool
  • 1 Car Garage
  • Faubion Middle School Rated A-
  • Central Heating and Cooling System
  • High Speed Internet

About This Home

As of December 2021

Upstairs-downstairs full duplex. Downstairs (2 bed, 1 bath) was fully updated in 2018. Current tenant pays $1400 per month. Upstairs unit just remodeled and is now a 3 bed 2 bath. Kitchen updated with new cabinets, microwave & dishwasher plus gas range (not new). New flooring installed throughout plus a new gas line. Other recent updates HVAC 2018, Water Heater 2019 & 2021, Paint & Siding 2018, Privacy Fence in Front 2019, Roof 2020. Great Mckinney location just off Hwy 5 very close to downtown shopping & restaurants. Area rental comps show about $1400 for 2-1-1 & $1600+ for a 3-2. Fridges convey w-both units. Downstairs may NOT be viewed until after contract accepted.

Last Agent to Sell the Property

Scott Greenberg

RE/MAX DFW Associates License #0477283 Listed on: 09/30/2021

RE/MAX DFW Associates

Last Buyer's Agent

Jeremy Shade

Winhill Advisors Kirby License #0746547

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,389

Year Built

  • Built in 1960

Lot Details

  • 2,483 Sq Ft Lot
  • Wood Fence
  • Few Trees

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,297 Sq Ft Home
  • 2-Story Property
  • Decorative Lighting
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • <<microwave>>
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Schools

  • Caldwell Elementary School
  • Faubion Middle School
  • Mckinney High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2B / 14
  • Assessor Parcel Number R0941014002B1

Community Details

Overview

  • 2,297 Sq Ft Building
  • Shorts Add Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,389

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 26380
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 185.02394
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Square Footage: 2297.00
  • Interior Amenities: Cable TV Available, Decorative Lighting, High Speed Internet Available
  • Flooring: Carpet, Wood
  • Appliances: Dishwasher, Gas Range, Microwave

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Community Pool
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Wood

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 1
  • Parking Features: Garage
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • Utilities: City Sewer, City Water, Curbs

Condo/Co-op/Association

  • Complex Name: not applicable
  • Association Type: None

Schools

  • School District: McKinney ISD
  • Elementary School: Caldwell
  • Middle School: Faubion
  • High School: Mckinney
  • School District: McKinney ISD
  • Elementary School: Caldwell
  • High School: Mckinney

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.0570
  • Parcel Number: R0941014002B1
  • Lot Size Acres: 0.0570
  • Lot Size Sq Ft: 2482.9200

Green Features

  • Efficiency: HVAC, Thermostat
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1960
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 5720.00
  • Gross Annual Income: 32100.00
  • Insurance Expense: 1320
  • Tenancy: 6 Months or Less
  • Unit Count: 2

Tax Info

  • TaxBlock: 14
  • Tax Lot: 2B

MLS Schools

  • MiddleOrJuniorSchool: Faubion
  • Middle School Name: Faubion
  • Elementary School Name: Caldwell
  • High School Name: Mckinney

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Rs Xii Dallas Owner 1 Lp
Bought by
Rs Xii Nm Dallas Owner 1 Lp
Current Estimated Value
$484,409

Purchase Details

Listed on
Sep 30, 2021
Closed on
Dec 4, 2021
Sold by
Standifer Mckinney Investments Llc
Bought by
Rs Xii Dallas Owner 1 Lp
Seller's Agent
Scott Greenberg
RE/MAX DFW Associates
Buyer's Agent
Jeremy Shade
Winhill Advisors Kirby
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%

Purchase Details

Listed on
Aug 26, 2017
Closed on
Sep 29, 2017
Sold by
Wake Capital Llc
Bought by
Standifer Mckinney Investments Llc
Seller's Agent
Krystal Wakefield
EXP REALTY
Buyer's Agent
Brian Wright
Mile27 Realty
List Price
$199,900
Sold Price
$199,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.00%

Purchase Details

Closed on
Jun 27, 2016
Sold by
Santiago Julius and Packer Adela Crystal
Bought by
Scout Residential Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2000
Sold by
Yeager Muriel Odle
Bought by
Santiago Julius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
13.3%
Source: Public Records

Similar Homes in McKinney, TX

  • 704 N Tennessee St, McKinney, TX 75069

    $350,000

    • 3 Beds
    • 2 Baths
    • 1,376 Sq Ft
    • 704 N Tennessee St
    • McKinney, TX

    Investment Opportunity in Historic Downtown McKinneyLocated less than half a mile from the charming Downtown McKinney Square, this property offers walkable access to boutique shops, restaurants, and year-round entertainment. The surrounding area is experiencing significant growth, with a vibrant mix of new retail and residential developments enhancing its appeal.This duplex features two

    Susan Beers Fathom Realty

    Section Image
  • 706 N Tennessee St Unit 706, McKinney, TX 75069

    $350,000

    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 706 N Tennessee St
    • Unit 706
    • McKinney, TX

    Investment Opportunity in Historic Downtown McKinneyLocated less than half a mile from the charming Downtown McKinney Square, this property offers walkable access to boutique shops, restaurants, and year-round entertainment. The surrounding area is experiencing significant growth, with a vibrant mix of new retail and residential developments enhancing its appeal.This duplex features two

    Susan Beers Fathom Realty

    Section Image
  • 708 N Tennessee St Unit 708, McKinney, TX 75069

    $350,000

    • 2 Beds
    • 2 Baths
    • 1,496 Sq Ft
    • 708 N Tennessee St
    • Unit 708
    • McKinney, TX

    Investment Opportunity in Historic Downtown McKinney Located less than half a mile from the charming Downtown McKinney Square, this property offers walkable access to boutique shops, restaurants, and year-round entertainment. The surrounding area is experiencing significant growth, with a vibrant mix of new retail and residential developments enhancing its appeal. This duplex features two

    Susan Beers Fathom Realty

    Section Image
  • 1706 W White Ave Unit 1704-1706, McKinney, TX 75069

    $499,000

    • 4 Beds
    • 4 Baths
    • 2,322 Sq Ft
    • 1706 W White Ave
    • Unit 1704-1706
    • McKinney, TX

    Great opportunity as this propertry could be owner occupied, or leased. 1704 & 1706 W White Ave., 2 bedrooms, 2 baths each side. 1704 is leased for $2200 Mo, 1706 has been recently renovated and is vacant and may be shown. New solid surface flooring. Fenced back and side yard. Buyer will need new survey. Income quoted assumes 1706 to be leased at $2200 Mo. Full size washer and dryer hookups

    Kelly Davis RE/MAX Dallas Suburbs

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- New Title Company Name
Warranty Deed -- First American Title
Warranty Deed -- Alamo Title Co
Warranty Deed -- Alamo Title Co
Vendors Lien -- Chicago Title
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $160,000 Commercial
Previous Owner $160,000 Commercial
Previous Owner $1,050,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $120,000 New Conventional
Previous Owner $66,000 Unknown
Previous Owner $33,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2023 04/04/23 Rented $1,445 -0.3% --
04/04/2023 04/04/23 Under Contract -- -- --
03/30/2023 03/30/23 For Rent $1,450 0.0% --
03/27/2023 03/27/23 Under Contract -- -- --
02/03/2023 02/03/23 For Rent $1,450 0.0% --
01/31/2023 01/31/23 Off Market $1,450 -- --
01/24/2023 01/24/23 For Rent $1,450 0.0% --
12/06/2021 12/06/21 Sold -- -- --
10/15/2021 10/15/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $400,000 0.0% $174 / Sq Ft
07/25/2019 07/25/19 Rented $1,195 -4.4% --
07/25/2019 07/25/19 For Rent $1,250 +4.2% --
06/29/2018 06/29/18 Rented $1,200 -7.6% --
05/30/2018 05/30/18 Under Contract -- -- --
05/01/2018 05/01/18 For Rent $1,299 0.0% --
09/29/2017 09/29/17 Sold -- -- --
09/07/2017 09/07/17 Pending -- -- --
08/26/2017 08/26/17 For Sale $199,900 -- $97 / 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
2023 $8,389 $468,275 $47,500 $420,775
2022 $8,104 $404,381 $47,500 $356,881
2021 $4,572 $215,305 $30,000 $185,305
2020 $4,534 $200,598 $30,000 $170,598
2019 $1,823 $76,667 $25,000 $51,667
2018 $1,544 $63,469 $12,000 $51,469
2017 $1,513 $62,226 $9,000 $53,226
2016 $1,458 $58,747 $6,600 $52,147
2015 $1,271 $45,276 $6,000 $39,276
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14680627

North Texas Real Estate Information Systems (NTREIS)

APN: R-0941-014-002B-1