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$380,000

316 Terra Verde Lane, McKinney, TX, 75069

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,498 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.67 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Engineered Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,400 sqft

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APNR-9753-00B-0270-1
Lot Number27
SubdivisionCountry Lane Villas Phase 3 (Cmc)
Land UseResidential
Legal DescriptionCOUNTRY LANE VILLAS PHASE 3 (CMC), BLK B, LOT 27
Census Tract030903
Assessed Land Value$95,000
Assessed Improvement Value$276,030
Assessment Year2025

About this property

Beautiful single-story duplex in the coveted 55+ active adult community with numerous updates! Rare opportunity for those that want to own both sides as the other side will be coming on the market within the week. Nestled on an interior street backing to serene views farmland views, this immaculate home is move in ready. Country Lane Villas is a vibrant neighborhood that provides a comfortable, low-maintenance living with convenience to shopping, restaurants, senior center, Medical City McKinney hospital, the infamous McKinney square and a year round farmers market. The island kitchen boasts white cabinetry, granite countertops, under-cabinet lighting, stainless steel appliances including a refrigerator, and a built-in workspace that is perfect for daily organization. The open-concept floor plan features vaulted ceilings, engineered hardwood floors in living room and expansive unobstructed views of the pretty open space with numerous trees. The primary suite includes wide doorways for accessibility and a spacious bathroom with a separate shower. The secondary bedroom and additional full bath provide plenty of space for guests or hobbies. The large laundry room is complete with built-in shelving, a folding counter, and hanging rod. Enjoy zero-step access from the garage and all outdoor entrances. Relax on the oversized covered patio, perfect for morning coffee or evening breezes. The active community offers outstanding amenities: a fitness center, restaurant, community pool, clubhouse, theater, and a calendar full of social events. The HOA covers front and backyard maintenance, flower bed landscaping, structure insurance which includes the roof, interior and exterior pest control, and sprinkler system maintenance—providing truly hassle-free living. Notable mechanical replacements and improvements include the epoxy finish on the garage floor, HVAC and water heater.

Investor Tools

$0Estimated Mortgage Balance
$371,030Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

Interested in this property?

Lori West

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
$315/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,581
$371,030
2025
$95,000
$276,030
$371,030
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,581
$371,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$371,030
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,565/mo
$315/mo
+$1,250/mo
5.1%

City: McKinney

316 Terra Verde Lane | Property Details | No Agent List