tomo logo

$1,400,000

Beds
4
Baths
3.0
sq ft
2,633

7553 County Road 202, Mckinney, TX 75071

7553 County Road 202

McKinney, TX 75071

  • 1 day on market
Welcome to a prime 4.9-acre property nestled in the heart of McKinney, Texas. This expansive piece of land offers an exceptional opportunity for both residential and commercial development, paired with a beautifully remodeled home to call your own. Home Highlights: Upgrades: Recent updates include a brand-new roof, energy-efficient windows, stylish countertops, and a fresh coat of paint throughout. Land Features: Size: Generous 4.9-acre lot providing ample space for diverse development opportunities. Entrance Points: Convenient dual entrance points offer easy access to the property. Flexibility: No restrictions Location: Strategically situated on the Inner Loop of the 380 Bypass and ~5 Minutes from HWY 75 ensuring excellent connectivity and accessibility. School Proximity: Adjacent to both an Elementary and future Middle School.

Details

Property type

Single Family Residence

Est. home value

$1,073,554

Lot size

4.9 acres

Price per sq ft

$532

Year built

1975

Annual property taxes

$3,726

Price History

11/12/2024
NTREIS

NTREIS #20776477

Listed
$1,400,000
10/13/2024
NTREIS

NTREIS #20394700

Removed
10/08/2024
NTREIS

NTREIS #20394700

Listed
$1,350,000

Schools & Community

Elementary school: 

Ruth and Harold Frazier

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

$1,222,972
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$65,028
Cash to seller
$1,222,972

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

Seller’s Loan History

Lender

The Lending Partners Llc

Loan start date

April 2001

Original loan amount

$156,000

Est. remaining balance

$65,028

Interest rate

7.03%

Loan type

Not Provided, 30 year

Seller

Gregory W Mills

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: 11/13/2024 at 9:55 PM

Listing updated: 11/12/2024 at 9:12 PM

Listed by: Brandee Tate, Showstopper Realty Phone #: (214) 495-1951

MLS: NTREIS #20776477

NTREIS logo

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