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Off market
  • $557,100

    1203 Lake Point Cir, McKinney, TX 75072

    3beds
    2,500sqft
    SingleFamily
    Built in 1999
    0.28 Acres Lot
    $557,100 Zestimate®
    $223/sqft
    $2,891 Estimated rent

    Home value

    $557,100

    $524,000 - $591,000

    $2,891/mo

    Zestimate® history
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    Owner options

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    $2,891/mo

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    $3,851/mo

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    $3,851/mo

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    What's special

    In architectural design, there is a balance of form and function. Each floor plan has two form components. First, is the number of rooms, square feet etc. Second is what it looks like from the curb and inside. Function describes how the form components work. Form attributes like room size and floor plan layout are important. If it has two levels, this means walking stairs. Functionally, if it has two heating and air conditioning units, utility costs are lower because home temperatures can be controlled more easily. The second important form component is “how it makes you feel”. A home buyer has many form and function choices. Therein lies the benefit and the challenge, especially when every purchase is a complex series of compromises. Some buyers compromise on the form “looks” to get the function they need. This is an unfortunate tradeoff. This is why the description of 1203 Lake Point focuses primarily on the form component “looks”. Every home is a functional work of art although we usually don’t think of it that way. Not the pictures on the wall but the artistic features of the structure and its surroundings. Sometimes, we are so consumed with the number of bedrooms and bathrooms we fail to properly evaluate the artistic value of a home. Once the basics are satisfied there are the design components (look and feel) that make your new home stunning and worth the price. This extra dimension of value based on form is only in the buyer’s mind’s eye and is extremely difficult to quantify. How can something be valued based on its looks? Leonardo de Vinci’s Mona Lisa is arguably worth $1B (that’s a B not an M). How can any painting be worth that much? You can’t even live in it! Well, it’s the reputation of the artist, the past sales history, what it looks like, and finally the prestige of owning it. 1203 Lake Point is a functional Mona Lisa! It is described as artwork because of its stunning looks and quiet setting. It has a modern open floor plan. It has matching and contrasting designer colors. It has features like the rare Brazilian Cherry Hardwood Floor found only in $2M homes. It has granite countertops that are perfectly color coordinated with cut glass backsplashes and Sherwin Williams’s 2023 color of the year Redend Point. It has floor-to-ceiling windows with full shutters that open the home to the outside light and beautiful trees. It is a functional Mona Lisa! Are you surprised the description does not focus on bedrooms, bathrooms, and square feet? Well, every house has bedrooms and bathrooms but not every house has the location, design, efficiency, quality, and artistic sophistication to justify its selling price. Come by and see for yourself.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Carpet, Hardwood
    • Has fireplace: Yes
    • Fireplace features: Electric
    Interior area
    • Total interior livable area: 2,500 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: R331100B00701

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1999

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $210 monthly
    Location
    • Region: Mckinney

    Financial & listing details

    • Price per square foot: $223/sqft
    • Tax assessed value: $595,682
    • Annual tax amount: $2,430

    Price history

    DateEventPrice
    7/14/2024Listing removed--
    Source: Owner Report a problem
    4/16/2024Price change$650,000+0%$260/sqft
    Source: NTREIS #20589009 Report a problem
    4/14/2024Listed for sale$649,900$260/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,430 -24.5%$510,786 +10%
    2024$3,220 +3.6%$464,351 +10%
    2023$3,107 -39.8%$422,137 +10%
    2022$5,162 -0.5%$383,761 +10%
    2021$5,189 +0.3%$348,874 +2.6%
    2020$5,174 -1.8%$340,149 -3.8%
    2019$5,271 -1.3%$353,675 -2.1%
    2018$5,338 -0.1%$361,187 +6%
    2017$5,342 $340,890 +3.9%
    2016$5,342 +2.3%$328,081 +12%
    2015$5,223 $292,870 +9.1%
    2014$5,223 $268,368 +9.2%
    2013-- $245,670 +1.1%
    2012-- $242,999 -3.1%
    2011-- $250,742 +2.1%
    2010-- $245,485 +4.8%
    2009-- $234,165 +0.1%
    2008-- $234,000 -2.3%
    2007-- $239,500 -12.6%
    2006-- $274,027 +1.7%
    2005-- $269,387 +4.9%
    2004-- $256,750 -0.5%
    2003-- $258,131 -1.4%
    2002-- $261,863 +10%
    2001-- $238,057 +2.1%
    2000-- $233,078
    Find assessor info on the county website

    Neighborhood: Stonebridge Ranch

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $557,100
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    Estimated market value
    $557,100