See Home Value
$468,718*
House - Off Market

5001 Promised Land Drive

McKinney, TX 75071
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2798 Sqft
$423,000 - $517,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model
Sold Jul 03, 2023
$396,805
$298,350 by Deephaven Mortgage Llc
Mortgage Due Jul 01, 2053
Sold Sep 29, 2020
$374,100
$299,250 by Cardinal Financial Company Lp
Mortgage Due Oct 01, 2050

About This Property

PRICE IMPROVEMENT on this spacious home with large backyard!

When you enter the foyer of this home, you'll immediately notice the tall ceilings, making it feel open and airy. There's a large, open-concept kitchen and living space with separate dining room and eat-in kitchen. All appliances stay with the home, including refrigerator, microwave, washer and dryer. The downstairs primary bedroom overlooks the backyard and has an ensuite bathroom with garden tub and dual sinks. Upstairs, enjoy a giant game room or second living room with attached wet bar. The pool table and wet bar appliances stay with the home and are yours to enjoy! Upstairs you'll also find a large bedroom and full bathroom. Step into the backyard and you'll envision sunny days of playing in the grassy yard and cool nights grilling out on the deck. Schedule your showing of this wonderful home today!

The manager has listed the unit size as 2798 square feet.
Unit Size
2,798Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$168
Property Type
House
Property Taxes
-
HOA Dues
$750
Year Built
2006

Price History

Date / Event Date Event Price
Jul 5, 2023 No longer available -
No longer available
Jul 3, 2023 Sold to Poku Yaw Anokye $396,805
Sold to Poku Yaw Anokye
May 16, 2023 In contract -
In contract
May 9, 2023 No longer available -
No longer available
May 3, 2023 Price Decreased $470,000
↓ $10K (2.1%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 7
  • 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.)
  • Floor Count: 2
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,561
  • Total Building Area: 3,234
  • Gross Building Area: 3,260
  • Building Area: 2,797
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,797
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMIT VIEW LAKE PHASE ONE (CMC)
  • Land Acres: 0.197
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUMMIT VIEW LAKE PHASE ONE (CMC), BLK D, LOT 1

Ownership

  • Current Owner : ANOKYE POKU YAW
  • Previous Owner : CONE CONNOR W
  • Owner Before Previous Owner: PAXTON AUSTIN IRA SLOAN
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Prosper Independent School District
  • School Tax School District: PROSPER ISD
  • Census Tract: 030301

Geography

  • Assessors Map Reference: 505-U
  • District: CMC
  • Parcel: R-8754-00D-0010-1
  • Block: D
  • Lot: 1
  • Municipality: MCKINNEY CITY
  • Latitude: 33.2284
  • Longitude: -96.6792

    Address

  • Full Address: 5001 Promised Land Dr
  • Address - House Number: 5001
  • Address - Street Name: Promised Land
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mckinney
  • Carrier Code: R055
  • 4-Digit Zip Code: 6248
  • Zip Code: 75071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,782
  • Tax Rate Code Area: SPR

    Appraisal Valuation

  • Standard Deviation: 0.2194
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 546,187
  • High Value: 666,041
  • Low Value: 426,332

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $298,350
  • First Open Lien Mortgage Lender: DEEPHAVEN MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 03, 2023
  • First Open Lien Mortgage Loan Amount: $298,350
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $524,253
  • Market Land Value: $109,725
  • Market Improvement Value: $414,528

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $406,240
  • Assessed Land Value: $109,725
  • Assessed Improvements Value: $414,528

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 03, 2023
  • Current Sale Transaction ID: 11909114925
  • Current Sale Price: $396,805
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 74813
  • Previous Sale Recording Date: Sep 29, 2020
  • Previous Sale Contract Date: Sep 21, 2020
  • Previous Sale Amount: $374,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DEEPHAVEN MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 03, 2023
  • First Mortgage Loan Amount: $298,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • Previous Mortgage Transaction Date: Sep 29, 2020
  • Previous Mortgage Loan Amount: $299,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
2,209 ft²
$215/ft²
$475,000 May 13, 2023
-
$750/mo
House
3 Beds
2 Baths
1,856 ft²
$296/ft²
$549,000 Apr 30, 2023
-
$750/mo
House
3 Beds
2 Baths
1,769 ft²
$246/ft²
$435,000 Apr 20, 2023
-
$390/mo
House
3 Beds
2 Baths
1,774 ft²
$242/ft²
$429,990 May 19, 2023
-
$195/mo

About Summit View Lakes


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Frequently Asked Questions

When was property at 5001 Promised Land Drive built and last sold?
The property at 5001 Promised Land Drive was built in 2006 and last sold on Jun 30, 2023 for $396,805.
How much is this home worth?
The estimated value of the home located at 5001 Promised Land Drive is $484,339.
What are some comparable homes to 5001 Promised Land Drive?
Homes that are comparable to 5001 Promised Land Drive include a house property at 5112 Blackwood Drive, 5301 Alpine Meadows Drive, 2805 Southampton Drive.

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