14 days on rocket

Sale Pending

503 Smith St, Mckinney, TX, 75069

$199,900

Home List Price

$2,374*

Closing Credit

2 Bedrooms
1 Full Bath
1,194 SqFt
$167/SqFt
House
Schools Nearby

Location

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503 Smith St, McKinney$199,900

Buyer Closing Credits

$2,374*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCarport
Year Built1950
HeatingSpace Heater(s)
CoolingWall/Window Unit(s)
MLS #20611938
Lot Size0.25 Acres
StatusSale Pending
(Pending)

About 503 Smith St

Attention Investors! Cash Only. This property is a hidden gem waiting to be transformed. Ideal for flipping, fantastic location just minutes from downtown McKinney, offering an excellent opportunity for investors! Please note, extensive rehab is required ranging from $120-150K. Buyers are responsible for verifying measurements and code requirements. Additionally, don't overlook the bonus garden house, ripe for conversion into an office space. With residential or commercial zoning, the potential for this property is boundless. Plus, recent upgrades including a new roof in 2021 and an updated water heater add further value. This home boasts immense potential for the savvy buyer. Don't miss out on this lucrative opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: A-Frame, Detached
  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,194 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty Frisco
  • Office Phone: (972) 712-8500
  • Listing Agent: Rachel Boston

Interior Features

Interior Information:

  • Basement: No
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot: Interior Lot, Irregular Lot, Landscaped
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Space Heater(s)
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • McKinney Boyd High School, Public District Grades 9-12
  • Faubion Middle School, Public District Grades 6-8
  • Caldwell Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,900
  • Price Per SqFt: $167/SqFt

Tax Information:

  • Annual Amount: $58
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in McKinney, TX.

Map thumbnail provided by MapBox

McKinney, TX

City

Med. List Price

$542K

Med. Price/SqFt

$226

Avg. Days On Market

49

# of Sold Homes

237

503 Smith St vs McKinney

14 DAYS ON ROCKET

-35 Days

$199,900

-$342.1K Less

$167/SqFt

-$60 Less

KEY TAKEAWAY

This property is $342.1K less than the Median List Price and $60/SqFt less than other homes in McKinney, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20611938

Listing Office:

  • Office Name: Coldwell Banker Realty Frisco
  • Office Phone: (972) 712-8500
  • Listing Agent: Rachel Boston

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 5/23/2024, 4:20:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$58$102,668
2020$1,591$71,163
2019$1,398$64,694
2018$1,398$58,813
2017$1,300$53,466

History based on county public records data.

Payment Calculator

$1,065

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-681876
4
/10

  • Caldwell Elementary School

  • 601 W Louisiana St

  • 0.78 miles

  • Public District Grades KG-5

Middle School

school-card-donut-681877
6
/10

  • Faubion Middle School

  • 2000 Rollins St

  • 1.27 miles

  • Public District Grades 6-8

High School

school-card-donut-681878
5
/10

  • McKinney Boyd High School

  • 600 N Lake Forest Dr

  • 3.89 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,131. Most McKinney, TX residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Smith St

What is the listing price of this property?

The listing price of 503 Smith St property is $199,900.

What type of property is this?

The property 503 Smith St is a house located in Mckinney, Texas, 75069.

Is this property for sale now?

Sale Pending: 503 Smith St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 503 Smith St are:
Caldwell Elementary School: GreatSchools Rating 4/10
Faubion Middle School: GreatSchools Rating 6/10
McKinney Boyd High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $58 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 503 Smith St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 503 Smith St is 1,194 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Smith St is 1950.

Rocket Homes›Texas›Collin County›McKinney›75069›503 Smith St

This home is located at 503 Smith St in Mckinney, TX and zip code 75069 in the Lewisville neighborhood. This 1,194 square foot home, which was built in 1950, sits on a 0.25 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $199,900.

Between March 2024 and April 2024, McKinney, TX real estate market has seen increase in the number of listings by 21.3%. While the average time on the market in April 2024 was 49 days, the median list price was $542,058.

From Rocket Homes Real Estate and based on county public records data.

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