503 Smith Street

McKinney, TX 75069

$199,900
Price
2
Beds
1
Bath
1,194 Sq. Ft.
$167 / Sq. Ft.
1,194
Sq. Ft.
$167
per Sq. Ft.

Description

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...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!
  1. Listed by Rachel Boston • TREC #0477997 • Coldwell Banker Realty Frisco • 972-712-8500

Property Details for 503 Smith Street

Subdivision Name
Mckinney Outlots
Architectural Style
A-Frame
Structural Style
Single Detached
Pool
No

Location

Listing Courtesy of Coldwell Banker Realty Frisco, Rachel Boston
Add your commute
LISTING UPDATED: 05/14/2024 12:42 PM

Property Details for 503 Smith Street

StatusPending
MLS #20611938
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1950
Lot Size0.25 AC / 10,890 SF
CountyCollin County

Location

Listing Courtesy of Coldwell Banker Realty Frisco, Rachel Boston
Add your commute

Building Information for 503 Smith Street

Stories1Year Built1950Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$1,309 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,091

Property Taxes

$218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 Smith Street

Summary
Location and General Information
  • Directions: GPS
  • Elementary School: Caldwell
  • Elementary School Name: Caldwell
  • High School: Mckinney Boyd
  • High School Name: Mckinney Boyd
  • Middle School: Faubion
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: McKinney ISD
  • Geocode Confidence: High
  • Latitude: 33.20
  • Longitude: -96.61
  • State: Texas
Parking
  • Parking Features: Carport
  • Carport Spaces: 2
  • Parking Spaces Covered Total: 2
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: MCKINNEY OUTLOTS (CMC), LOT 771A
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 771A
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Heating: Space Heater
  • Interior Features: Other
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1
  • Appliances: None
  • Basement: No
  • Cooling: Wall/Window Unit(s)
  • Living Area: 1194.0
  • Smart Home Features Appor Pass Y: No
  • Room and Floor: Bedroom-1-1, Bedroom-Primary-1-1, Master Bedroom-1-1, Living Room-1-1, Dining Room-1-1
Exterior Features
  • Construction Materials: Siding
  • Fencing: Back Yard, Chain Link
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Room and Features: Bedroom-1-1, Bedroom-Primary-1-1, Master Bedroom-1-1, Living Room-1-1, Dining Room-1-1
  • Room List: Bedroom, Bedroom-Primary, Master Bedroom, Living Room, Dining Room
  • Exterior Buildings: Greenhouse, Other
  • Levels: One
Room 1
  • Room Level: 1
  • Room Type: Living Room
Room 2
  • Room Level: 1
  • Room Type: Bedroom
Room 3
  • Room Level: 1
  • Room Type: Bedroom-Primary
Room 4
  • Room Level: 1
  • Room Type: Dining Room
Property
Utilities
  • Utilities: All Weather Road, City Sewer, City Water, Electricity Available, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Overhead Utilities, Sewer Available, Sidewalk
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: Cash
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: Address
Lot Information
  • Lot Features: Interior Lot, Irregular Lot, Landscaped
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Units: Acres
  • Lot Size Square Feet: 10890.0
  • Multi Parcel ID: No
  • Parcel Number: R0926000771A1
  • Soil Type: Unknown
  • Property Attached: Yes

Property History for 503 Smith Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 503 Smith Street

Taxable ValueLand$123,250Additions$29,881Total$153,131
Tax Record2022$2,621 ($218 / month)
Home Facts
Beds0Total Finished SqFt1,194 SqFtAbove Grade Finished SqFt1,194 SqFtStories1StyleSingle Family ResidenceYear Built1950Year Renovated1975ZoningBGCountyCOLLINAPNR-0926-000-771A-1

Schools near 503 Smith Street

This home is within Mckinney Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Caldwell Elementary School
PublicK to 5

Faubion Middle School
Public6 to 8

Mckinney Boyd High School
Public9 to 12

Serenity High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty Frisco, Rachel Boston

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 05/14/2024 12:42 PM