See Home Value
$419,000
● House - Off Market

5101 Raincrest Drive

McKinney, TX 75071
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,407 Ft²
$2,104
Est. Monthly
$46
HOA / Fees

About This Property

Recently reduced to $419,000 - best value in Villages of Lake Forest! This spacious single-story home offers a flexible layout, recent updates, and an incredible opportunity to customize and build equity in one of McKinney's most desirable neighborhoods.

Located in the established Villages of Lake Forest, this home features a split-bedroom design with three bedrooms, a private study with French doors, and a formal dining room-ideal for both everyday living and working from home.

The open living area flows into a large kitchen with abundant cabinetry and counter space, creating a functional layout perfect for entertaining or daily life. The private primary suite includes a sitting area, soaking tub, and separate shower, offering a comfortable retreat.

Recent improvements include remodeled bathrooms with updated tile and surrounds, new glass enclosures, upgraded hardware, partial plumbing updates, and enhanced tile flooring. A versatile bonus room adds even more flexibility-perfect for a home office, gym, or playroom.

Step outside to a spacious backyard with mature shade trees and a storage shed, providing a peaceful setting for relaxing or hosting.

Conveniently located just minutes from Historic Downtown McKinney, and close to shopping, dining, trails, a community pool, and McKinney Boyd High School.

Thoughtfully updated and priced to reflect today's market-this is a standout opportunity in a prime location.
Unit Size
2,407 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$174
Property Type
House
Property Taxes
-
HOA Dues
$46
Year Built
1999

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (NTREIS #21171405)

Price History

Date / Event Date Event Price
Jun 18, 2026 Sold
Sold
Apr 24, 2026 In contract -
In contract
Mar 21, 2026 Price Decreased $419,000
↓ $20K (4.6%)
Price Decreased
Feb 28, 2026 Price Decreased $439,000
↓ $11K (2.4%)
Price Decreased
Feb 5, 2026 Listed by Great Western Realty $450,000
Listed by Great Western Realty
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,614
  • Total Building Area: 2,848
  • Gross Building Area: 2,863
  • Building Area: 2,407
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,407
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGES OF LAKE FOREST PHASE II (CMC)
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: VILLAGES OF LAKE FOREST PHASE II (CMC), BLK E, LOT 11

Neighborhood

  • School District Name: McKinney Independent School District
  • School Tax School District: MCKINNEY ISD
  • Census Tract: 030548

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 538-G
  • District: CMC
  • Parcel: R-4142-00E-0110-1
  • Block: E
  • Lot: 11
  • Municipality: MCKINNEY CITY
  • Latitude: 33.2028
  • Longitude: -96.6816

    Address

  • Full Address: 5101 Raincrest Dr
  • Address - House Number: 5101
  • Address - Street Name: Raincrest
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mckinney
  • Carrier Code: R049
  • 4-Digit Zip Code: 7854
  • Zip Code: 75071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $827,476
  • Tax Rate Code Area: SMC

    Appraisal Valuation

  • Standard Deviation: 0.1753
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 447,578
  • High Value: 526,061
  • Low Value: 369,095

    Market Valuation

  • Market Total Value: $463,423
  • Market Land Value: $120,000
  • Market Improvement Value: $343,423

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463,423
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $343,423

    Sales

  • Current Sale Contract Date: Mar 12, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29385
  • Previous Sale Recording Date: Aug 06, 2013
  • Previous Sale Contract Date: Jun 25, 2013
  • Previous Sale Amount: $163,100
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Villages of Lake Forest


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2709-716 Rockhill Road, McKinney, TX, 75072

$2,499 /mo

  • 2 Beds
  • 2 Baths
  • 963 ft²
2709-716 Rockhill Road, McKinney, TX, 75072 Listing by Mary Ferguson


Frequently Asked Questions

When was property at 5101 Raincrest Drive built and last sold?
The property at 5101 Raincrest Drive was built in 1999 and last sold on Mar 12, 2024 for $446,880.
How much is this home worth?
The estimated value of the home located at 5101 Raincrest Drive is $423,190.
What are some comparable homes to 5101 Raincrest Drive?
There are currently no comparable homes to 5101 Raincrest Drive.