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$690,000

500 The Crossings Pl, Lowry Crossing, TX, 75069

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,343 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$294.49 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Disposal, Gas Range, Microwave
FlooringCarpet, Engineered Hardwood, Tile

Exterior

Exterior FeaturesPrivate Yard, Rain Gutters, Storage
Lot Size1.10 acres

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1937-000-0080-1
Lot Number8
SubdivisionCrossings Phase I The (Clc)
Land UseResidential
Legal DescriptionCROSSINGS PHASE I, THE (CLC), LOT 8
Census Tract031007
Assessed Land Value$143,000
Assessed Improvement Value$389,497
Assessment Year2026

About this property

ORIGINAL OWNERS! Nestled on 2.62 combined acres in Lowry Crossing, this single-story home offers mature trees, an open-concept layout, and detailed millwork. Updates include 2024 HVAC with 2 units, 2025 Class 4 impact-resistant roof on the home and workshop, 2025 restored leaded-glass front door, 2026 paint, 2026 bathroom grout and caulk restoration, 2026 carpet in primary bedroom and deep carpet cleaning in other bedrooms. The home also has a top-quality, concrete slab foundation that was reinforced by 8' X 12 inch piers and post-tension cables at the time of build. The detached 30' × 30' metal building includes a 450-square-foot workshop and a separate 450-square-foot finished office space with dedicated electrical service, through-wall air conditioning, and LP gas heating. Exterior surface-rust remediation and painting were completed in 2026. There are 2 Water Heaters: one water heater is thoughtfully tucked away from view behind a closet panel and the other is located in the garage closet. Additional features include a 35' covered back patio with a 240V electrical circuit, custom solar screens, full attic radiant-barrier insulation, and a drip-line foundation watering system around the home, workshop, and wood fence. Highlighted as well are the vinyl chain-link perimeter fencing and two 10-foot double drive gates. There are nine raised garden beds, three behind the residence and six on the adjoining rear parcel, providing space for gardening and outdoor projects. The aerobic septic system has an updated control panel, aerator, pump and wiring and was fully pumped in 2025. Located in the Lowry Crossing community with a McKinney, TX mailing address, this property offers a peaceful setting while remaining minutes from McKinney National Airport and historic downtown McKinney, with convenient access to shopping, dining, and area amenities. Photo boundary lines are approximate.

Investor Tools

$149,166Estimated Mortgage Balance
$394,834Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,140 /month
Positive
Cash Flow Estimate:
$1,380 /month

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Kristi Hinshaw

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$583/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,275
$532,497
2026
$143,000
$389,497
$532,497
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,275
$532,497

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
North Dallas Bank & Trust Co
Building Or Construction Loan
$170,000
No
First
May 25, 2012
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,166
$394,834
72%
27%
$1,320/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,320/mo
+$1,252/mo
5.7%

City: Lowry Crossing

500 The Crossings Pl | Property Details | No Agent List