tomo logo

$2,200,000

Beds
5
Baths
4.0
sq ft
4,272

506 W Virginia St, Mckinney, TX 75069

506 W Virginia St

McKinney, TX 75069

  • 19 days on market
Welcome to this charming historical dream home nestled in the heart of downtown McKinney, Texas. Built in 1890 and recently renovated, this delightful home seamlessly blends classic elegance with modern conveniences. As you step inside this gorgeous 5 bedroom, 3.5 bath home you'll be greeted by the warmth of the original wood floors, accompanied with original light fixtures and doors, with charming nooks and crannies that highlight the home's classic character. Situated on a generous lot, this property features an enchanting garden sanctuary, perfect for your morning coffee or evening relaxation, designed by Great Gardens. This outdoor oasis provides plenty of space for entertaining or for simply enjoying peaceful moments. The finished shed in the backyard adds additional space for storage, or workshop, complete with electricity. Location is paramount, and this home's proximity to the vibrant McKinney Downtown Square is unbeatable. Just a few blocks away, you'll find an array of excellent shopping venues, diverse dining experiences, and lively entertainment options. Just a few blocks from the elementary school as well! This historic house truly offers a rare opportunity to own a piece of McKinney's charming past, with the added allure of modern upgrades and unbeatable location. Don’t miss your chance to experience the unique blend of history and contemporary comfort in this dreamy home.

Details

Property type

Single Family Residence

Est. home value

$1,352,927

Lot size

0.349 acres

Price per sq ft

$515

Year built

1890

Price History

03/21/2025
NTREIS

NTREIS #20875153

Listed
$2,200,000
07/21/2021
NTREIS

NTREIS #14571332

Removed

Schools & Community

Elementary school: 

Caldwell

Middle school: 

Faubion

High school: 

Mckinney Boyd

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

$1,519,748
Asking price
$2,200,000
Closing costs (~8% of asking)
-$176,000
Est. remaining loan balance
-$504,252
Cash to seller
$1,519,748

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

July 2021

Original loan amount

$548,000

Est. remaining balance

$504,252

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Dean M Lucas and Elizabeth D Lucas

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: 04/10/2025 at 7:10 AM

Listing updated: 04/06/2025 at 4:06 PM

Listed by: Hannah Lowenstein, Ebby Halliday, REALTORS Phone #: (972) 387-0300

MLS: NTREIS #20875153

NTREIS logo

Recently listed in McKinney

$400,000|3 bd|3.0 ba|House
$775,000|4 bd|3.0 ba|House
$1,199,000|4 bd|4.0 ba|House
$679,991|3 bd|2.0 ba|House
$459,900|5 bd|3.0 ba|House
$875,000|4 bd|5.0 ba|House
$390,000|3 bd|2.0 ba|House
$725,000|5 bd|4.0 ba|House
$314,900|3 bd|2.0 ba|House