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Financing available

$524,900

506 N Chestnut Street, McKinney, TX 75069

4
beds
2
baths
1,401
sqft

Est. with seller financing: $5,030/mo

  • Single-family
  • Built in 1953
  • 9,148 sq ft lot
  • $375/sqft
  • Collin County

Interested in this home?

Seller financing is available to qualified buyers.

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About this home

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.

Listing courtesy of Miranda Roberts, Compass RE Texas, LLC · MLS #21407995 · 469-210-8288

Facts & features

Interior

Features

  • Decorative Designer Lighting Fixtures
  • Eat In Kitchen
  • High Speed Internet
  • In Law Floorplan
  • Kitchen Island
  • Open Floorplan
  • Cable Tv
  • Walk In Closets
  • Wired For Sound

Heating & cooling

  • Heating: Central
  • Cooling: Central Air, Ceiling Fans, Electric, Wall Units

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Wood

Appliances

  • Dishwasher
  • Electric Range
  • Electric Water Heater
  • Disposal
  • Ice Maker
  • Microwave
  • Refrigerator
  • Tankless Water Heater

Laundry

  • In Hall

Exterior & lot

Construction

  • Style: Farmhouse, Modern, Detached
  • Stories: 1
  • Roof: Composition
  • Foundation: Pillar Post Pier
  • Materials: Board And Batten Siding

Parking

  • Carport
  • Detached Carport
  • Driveway

Lot

  • Back Yard
  • Interior Lot
  • Lawn

Community

Neighborhood

  • Subdivision: MCKINNEY ORIGINAL DONATION (CMC)

Schools

  • District: McKinney ISD
  • Elementary: Finch
  • Middle: Faubion
  • High: Mckinney Boyd

Financial & listing details

Listing

  • Price per sq ft: $375
  • County: Collin
  • Financing: Financing available from HFP, powered by Doorly

Estimated payment with seller financing

Est. seller-financed payment

$5,030/mo

Principal & interest
$3,801/mo
Property taxes (est.)
$984/mo
Homeowners insurance (est.)
$245/mo
Loan amount
$472,410
Seller financing rate (est.)
9.00%
Term
30-year fixed
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This estimate uses our seller financing program's rate. Taxes are estimated at 2.25% of the price because this listing has no full-year tax amount (common for new construction); actual taxes may differ and insurance is estimated. Your actual payment may be higher. Estimate only. Your final rate, payment, and terms are based on approval. This is not a commitment to lend.

Location

Love this home?Let's find a way to make it yours.

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A traditional mortgage isn't the only way. Self-employed, lower credit, ITIN, or turned down before? You may have another option.

Offered by HFP, powered by Doorly, only on this site, not by the seller or listing agent. Subject to underwriting and approval.

Get Pre-Qualified

How our financing program works

  1. 1

    Get qualified

    Answer a few quick questions and see the down payment you'd need. It takes about a minute and doesn't pull your credit.

  2. 2

    Make it your home

    Once you're approved, our lending partner buys the home from the seller at closing. The seller is paid in full and never carries a loan.

  3. 3

    Own it

    It resells the home to you at the same closing, with financing, so the title is in your name.

This is different from traditional seller financing, where the seller lends you the money. See the full requirements

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