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$625,000

Beds
4
Baths
3.0
sq ft
3,257

5116 Grove Cove Dr, Mckinney, TX 75071

5116 Grove Cove Dr

McKinney, TX 75071

  • 51 days on market
    • Price drop $10,000↓
Also for lease MLS# 20850800. Welcome to this stunning Highland home, where entertainment & relaxation are at the forefront. Escape to this oasis with a heated pool and spa and spacious outdoor space for entertaining and relaxation. Inside, you'll find a living room with a cozy fireplace. The home offers a total of 4 bedrooms and 3 full baths, with 2 bedrooms and bathrooms located on the first floor. In addition, there is an office, a game room, formal dining, and a dedicated play area for the kids. The interior of the home is equally impressive, with hardwood flooring in the foyer, dining room, family room, and kitchen. The kitchen is a chef's dream, with a five-burner gas range, stainless steel appliances, and a massive island with granite countertops. Situated in the highly desirable Heatherwood subdivision and served by the prestigious Prosper ISD, this home is located in a convenient location near a park, playground, and elementary school in the neighborhood.

Details

Property type

Single Family Residence

Est. home value

$598,009

Lot size

6,272.64 sq ft

Price per sq ft

$192

Year built

2013

Annual property taxes

$11,776

HOA fee

$195

Price History

02/03/2025
NTREIS

NTREIS #20807610

Price change
$625,000
-1.57%
01/02/2025
NTREIS

NTREIS #20807610

Listed
$635,000
07/31/2021
NTREIS

NTREIS #14603268

Removed

Schools & Community

Elementary school: 

John A Baker

Middle school: 

Lorene Rogers

High school: 

Rock Hill

School district: 

Prosper 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

$88,705
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$486,295
Cash to seller
$88,705

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

July 2021

Original loan amount

$526,500

Est. remaining balance

$486,295

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Marcus R Browne and Kidania Rivera

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?

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Status: Active

Tomo last checked: 02/23/2025 at 10:50 AM

Listing updated: 02/21/2025 at 11:17 AM

Listed by: Andika Duncan, Showstopper Realty Phone #: (214) 495-1951

MLS: NTREIS #20807610

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