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607 W Erwin Ave, Mckinney, TX, 75069

$405,000

Home List Price

$4,809*

Closing Credit

4 Bedrooms
2 Full Baths
House
Schools Nearby

Location

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607 W Erwin Ave, McKinney$405,000

Buyer Closing Credits

$4,809*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAdditional Parking
Year Built1960
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #20560162
Lot Size0.12 Acres
StatusActive

About 607 W Erwin Ave

Introducing an exceptional investment opportunity at 607 W Erwin Avenue and 1212 College Street, nestled in the heart of McKinney, Texas. This unique offering encompasses two leased units on a single lot, presenting a rare chance to acquire two properties for the price of one. Currently generating a NOI of 6% with both rents currently below market value, this is a lucrative asset for any investor seeking to expand their portfolio in the thriving McKinney area. In 2020, both units received new roofs and new paint. 1212 College Street: This unit is currently under lease for $1,200 a month until February 28, 2025. It boasts a comfortable living space that accommodates tenants with ease and convenience. 607 W Erwin Avenue: Extensively updated in 2020, this unit shines with a brand-new kitchen, a new bathroom, a fresh coat of paint, new windows, and updated flooring throughout. Currently leased for $1,550 a month until December 31, 2024, it offers a modern and inviting living environment.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 1

Listing Office:

  • Office Name: The Joyce Realty Group
  • Office Phone: (214) 773-9412
  • Listing Agent: Ashton Kuehne

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Carpet, Vinyl
  • Interior: Built-in Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Additional Parking

Virtual/3D Tour

  • Virtual Tour: 607 W Erwin Ave

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Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

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: Take 75 North and take the White Ave exit. Go East then turn right onto N College St and a left on W Erwin. The homes are both on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $405,000

Tax Information:

  • Annual Amount: $4,105
  • Tax Year: 2021
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Housing Market Comparison

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

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McKinney, TX

City

Med. List Price

$537.1K

Med. Price/SqFt

$226

Avg. Days On Market

54

# of Sold Homes

207

607 W Erwin Ave vs McKinney

31 DAYS ON ROCKET

-23 Days

$405,000

-$132.1K Less

KEY TAKEAWAY

This property is $132.1K less than the Median List Price in McKinney, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20560162

Listing Office:

  • Office Name: The Joyce Realty Group
  • Office Phone: (214) 773-9412
  • Listing Agent: Ashton Kuehne

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: 4/28/2024, 9:25:20 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$4,105$187,761
2020$4,105$183,508
2019$2,608$183,308
2018$2,609$109,736
2017$2,265$93,111

History based on county public records data.

Payment Calculator

$2,089

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,281

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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-2651807
3
/10

  • Caldwell Elementary School

  • 601 W Louisiana St

  • 0.80 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2651808
7
/10

  • Faubion Middle School

  • 2000 Rollins St

  • 0.75 miles

  • Public District Grades 6-8

High School

school-card-donut-2651809
6
/10

  • McKinney Boyd High School

  • 600 N Lake Forest Dr

  • 3.38 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 $54,587. Most McKinney, TX residents have annual incomes between $35k-100k. Most families are 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 607 W Erwin Ave

What is the listing price of this property?

The listing price of 607 W Erwin Ave property is $405,000.

What type of property is this?

The property 607 W Erwin Ave is a house located in Mckinney, Texas, 75069.

Is this property for sale now?

Active Listing: 607 W Erwin Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 607 W Erwin Ave are:
Caldwell Elementary School: GreatSchools Rating 3/10
Faubion Middle School: GreatSchools Rating 7/10
McKinney Boyd High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,105 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 607 W Erwin Ave has 4 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 607 W Erwin Ave is 1960.

Rocket Homes›Texas›Collin County›McKinney›75069›607 W Erwin Ave

This home is located at 607 W Erwin Ave in Mckinney, TX and zip code 75069 in the Urbanton neighborhood. This home, which was built in 1960, sits on a 0.12 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $405,000.

Between February 2024 and March 2024, McKinney, TX real estate market has seen increase in the number of listings by 17.2%. In March 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $537,176.

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

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