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1503 West Midway Street

1503 West Midway Street, Mckinney, TX 75069
Property in McKinney
Sold Feb 25, 2022
$314,400
$251,500 by Waterstone Mortgage Corporatio
Mortgage Due Mar 01, 2052
Sold Jan 27, 2016
$140,000
$112,000 by Lenora B Cathey Bell
Mortgage Due May 02, 2016
1503 West Midway Street has been categorized by the local assessors in Mckinney, TX as a residential type of property. The building on the property was first built in 1983 and is 41 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1503 West Midway Street has 1,348 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,197 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 420 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1503 West Midway Street sold most recently in Feb 22, 2022 for a total of $314,400. If you work out the math, that's approximately a cost of $177.83 per sqft. Before that, the property was also sold for $140,000 in Jan 14, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,250 in taxes each year. 1503 West Midway Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $350,000. If we break it down further, the land itself was valued at $128,000. Improvements to the property, however, were assessed at a total of $222,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,197
  • Total Building Area: 1,768
  • Gross Building Area: 1,852
  • Building Area: 1,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,348
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BRYANT ADDITION (CMC)
  • Land Acres: 0.165
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BRYANT ADDITION (CMC), LOT 4D

Ownership

  • Current Owner : YIP IVAN CHAK YAN
  • Previous Owner : MARTIN MICKEY G
  • Owner Before Previous Owner: GILLIAM GWEN WILHITE
  • Owner Before Previous Owner 2: GILLIAM PAUL V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: McKinney Independent School District
  • School Tax School District: MCKINNEY ISD
  • Census Tract: 030702

Zoning

  • Zoning: PD

Geography

  • Assessors Map Reference: 540-A
  • District: CMC
  • Parcel: R-1435-000-004D-1
  • Lot: 4D
  • Municipality: MCKINNEY CITY
  • Latitude: 33.2053
  • Longitude: -96.6254

    Address

  • Full Address: 1503 W Midway St
  • Address - House Number: 1503
  • Street Direction: W
  • Address - Street Name: Midway
  • Address - Suffix Type: St
  • State: TX
  • City Name: Mckinney
  • Carrier Code: C009
  • 4-Digit Zip Code: 2971
  • Zip Code: 75069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,250
  • Tax Rate Code Area: SMC

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 406,255
  • High Value: 495,814
  • Low Value: 316,696

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $251,500
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE CORPORATIO
  • First Open Lien Mortgage Recording Date: Feb 25, 2022
  • First Open Lien Mortgage Loan Amount: $251,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $128,000
  • Market Improvement Value: $222,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,000
  • Assessed Land Value: $128,000
  • Assessed Improvements Value: $222,000

    Sales

  • Current Sale Contract Date: Feb 22, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Transaction ID: 11880451080
  • Current Sale Price: $314,400
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 311270
  • Previous Sale Recording Date: Jan 27, 2016
  • Previous Sale Contract Date: Jan 14, 2016
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE CORPORATIO
  • First Mortgage Transaction Date: Feb 25, 2022
  • First Mortgage Loan Amount: $251,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: LENORA B CATHEY BELL
  • Previous Mortgage Transaction Date: Jan 27, 2016
  • Previous Mortgage Loan Amount: $112,000
  • Previous Mortgage Term: 3
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 02, 2016

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Frequently Asked Questions

What neighborhood is 1503 West Midway Street located in?
The 1503 West Midway Street is a located in the neighborhood of McKinney in McKinney, Mckinney.
What is the average sales price for listings in 1503 West Midway Street?
The average sales price for units in 1503 West Midway Street is $0 currently.

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