tomo logo

$710,000

Beds
4
Baths
4.0
sq ft
3,600

1404 Madrid Falls Dr, Mckinney, TX 75071

1404 Madrid Falls Dr

McKinney, TX 75071

  • <1 day on market
***$4800.00 BUYER CREDIT AVAILABLE!!!!*** Stunning Two-story Beazer home in the highly sought-after Trinity Falls community! This beautiful home features 4 bedrooms, 3.5 bathrooms, a study, and an in-law suite floor plan with ensuite bath. The kitchen boasts a large kitchen island, perfect for entertaining guests, granite countertops, double ovens, and stainless steel appliances! Retreat to the private master suite with a spa-like ensuite bathroom featuring dual vanities and sinks, and a huge walk-in shower! Relax by the fireplace or dine al-fresco on your extended covered Texas-sized patio! New carpet will be installed in primary bedroom! Garage recently epoxied! NEW FRAZIER ELEMENTARY in community! Trinity Falls community offers 2 resort-style pools with beach entry, splash pads, a tricycle track, walking and biking trails, catch and release ponds, 5 playgrounds, pickle ball courts, 2 clubhouses, a fitness center, dog park, and an outdoor pavilion that plays hosts to concerts and other activities almost every weekend! Live in a community where iron sharpens iron! Only minutes from shopping and dining and a short drive to DFW airport! Don't miss this opportunity to make this home your own!

Details

Property type

Single Family Residence

Est. home value

$644,926

Lot size

7,492.32 sq ft

Price per sq ft

$198

Year built

2015

Annual property taxes

$14,931

Monthly HOA fee

$131.67

Price History

03/14/2025
NTREIS

NTREIS #20868817

Listed
$710,000
01/08/2025
NTREIS

NTREIS #20792324

Removed
12/14/2024
NTREIS

NTREIS #20792324

Pending
$649,900

Schools & Community

Elementary school: 

Naomi Press

Middle school: 

Johnson

High school: 

McKinney North

School district: 

McKinney ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$308,524
Asking price
$710,000
Closing costs (~8% of asking)
-$56,800
Est. remaining loan balance
-$344,676
Cash to seller
$308,524

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guild Mortgage Co

Loan start date

February 2022

Original loan amount

$369,000

Est. remaining balance

$344,676

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Tim S Sorensen and Quinn Suzanne Sorensen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/14/2025 at 5:55 PM

Listing updated: 03/14/2025 at 3:17 PM

Listed by: Danielle Torres, MTX Realty, LLC Phone #: (888) 565-1855

MLS: NTREIS #20868817

NTREIS logo

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