506 N Chestnut St, McKinney, TX 75069

$524,900
4
BD
2
BA
1,401
SqFt

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List Price
$524,900
MLS#
21407995
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Farmhouse, Modernist, Detached
Year Built
1953
Construction Status
Preowned
Bedrooms
4
Full Baths
2
Acres
0.21
Living Area
1,401
County
Collin
City
McKinney
Subdivision
MCKINNEY ORIGINAL DONATION (CMC)
Number of Stories
1
Architecture Style
Farmhouse, Modernist, Detached

Property Description

Recently appraised at $537,000, this rare Historic McKinney property offers two independent living spaces just a 4-minute walk from Downtown McKinney. Now offered at $524,900, the property features a beautifully updated 4-bedroom, 2-bath main residence plus a fully furnished, detached 693 sqft second residence with its own kitchen and full bath. Whether you're accommodating multigenerational living, creating private space for family or guests, or establishing a detached home office or studio, this property offers exceptional flexibility. For those interested in rental income, the detached residence has previously rented on Airbnb for up to $150 per night. Inside the main residence, original hardwood floors, abundant natural light, and an open-concept layout blend historic character with modern functionality. The kitchen features quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and generous storage. Both bathrooms have been thoughtfully updated and all four bedrooms feature walk-in closets. Extensive system improvements add everyday convenience and long-term value, including cast iron plumbing replaced to the city connection, an updated electrical panel, tankless water heaters, added insulation, updated windows, and a 2024 HVAC system. Outdoors, enjoy a rare oversized backyard and private patio, perfect for entertaining, gardening, or relaxing. Just steps from Historic Downtown McKinney's boutiques, restaurants, parks, and year-round events, this distinctive property combines historic charm, meaningful modern improvements, two separate living spaces, and exceptional versatility in a location that's increasingly difficult to replicate.

Additional Information

Lot Size
9,147
Acres
0.21
Lot Description
Back Yard, Irregular Lot, Lawn
Interior Features
Decorative Designer Lighting Fixtures, Eat-In Kitchen, High Speed Internet, In-Law Arrangement, Kitchen Island, Open Floor Plan, Cable TV, Walk-In Closet(s), Wired Audio
Flooring
Carpet, Concrete, Tile, Wood
Foundation
Pillar/Post/Pier
Roof
Composition
Stories
1
Pool Features
None
Carport Spaces
2
Parking Garage
Carport, Detached, Driveway
School District
Mckinney Isd
Elementary School
Finch
Middle School
Faubion
High School
Mckinney Boyd
Possession
CloseOfEscrow

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Miranda Roberts from Compass RE Texas, LLC. Contact: 505-690-6095

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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