masterkey logo
7317 River Park Dr
Score
0
McKinney, TX

7317 River Park Dr

1.1M
4 bd • 4 ba • 4,500 sf

This analysis was generated on 3/2/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$1,100,000

Price/Sq.Ft

$244

Year Built

2018

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Gourmet Kitchen: High-end stainless steel appliances, custom cabinetry, and quartz countertops add significant value • Home Theater: Fully equipped home theater with projector, surround sound, and comfortable seating • High Ceilings: High ceilings in the living area create a spacious and luxurious feel • Stainless Steel Appliances • Quartz Countertops • Home Theater • High Ceilings • Modern Lighting Fixtures • Price Position: At $244.44/sqft, further analysis is needed to compare this to similar properties in McKinney, TX. Without local market data, it's difficult to assess if this is a competitive price. • Appreciation Trend: Insufficient local market data to determine historical appreciation rates for similar properties in the Trinity Falls community or McKinney, TX. • Investment Opportunity: After $5,000 in renovations, potential $45,000 equity gain (900.0% ROI) • Rental Income: $3,520/month with 95% occupancy (3.8% cap rate) • Schools: Homes in McKinney North High School (8/10) zone typically command a 3-5% premium compared to areas served by lower-rated high schools. The elementary and middle school ratings may be a concern for families with younger children, potentially impacting resale value. • Future Development: Market data is unavailable to assess planned changes. • Excellent natural light throughout the house, especially in the living area with large windows. The kitchen and dining area also receive ample light.
Gourmet Kitchen

Gourmet Kitchen

High-end stainless steel appliances, custom cabinetry, and quartz countertops add significant value.

Home Theater

Home Theater

Fully equipped home theater with projector, surround sound, and comfortable seating.

High Ceilings

High Ceilings

High ceilings in the living area create a spacious and luxurious feel.

The Bad

• Bathroom Update (MEDIUM priority): $5,000 • Lack of specific local market data limits comprehensive risk assessment. • Fire risk is rated as MAJOR (5/10), requiring critical insurance coverage and potentially impacting long-term insurance costs. • Heat risk is SEVERE (7/10), potentially impacting utility costs and buyer appeal during peak summer months.

The Ugly

• Climate Risk: Due to the MINIMAL flood risk (1/10), flood insurance is not typically required, and standard homeowner's insurance rates apply ($3960/year). However, the MAJOR fire and wind risks may lead to higher insurance premiums or require specific coverage endorsements. It is advisable to consult with an insurance provider to assess the specific coverage needs and potential cost implications.
Bold Kitchen Design

Bold Kitchen Design

The blue kitchen cabinets may not appeal to all buyers and could be considered a design risk.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $42,240 with 95% occupancy rate Value Investors: Projected 15.9% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $5,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$118,900

Property History

Price History
Ownership Timeline

Property Taxes

$0
2024 Tax Assessment
Assessed Value$711,068
Tax Rate0.00%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 110°F

fireMODERATE

Insurance: Required

windMODERATE

Insurance: Required

airMINIMAL

3 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

Risk Analysis

• Lack of specific local market data limits comprehensive risk assessment. • Fire risk is rated as MAJOR (5/10), requiring critical insurance coverage and potentially impacting long-term insurance costs. • Heat risk is SEVERE (7/10), potentially impacting utility costs and buyer appeal during peak summer months. • Climate & Insurance: Given the SEVERE heat risk, investing in energy-efficient upgrades such as high-performance windows, insulation, and a smart thermostat could help mitigate the impact of rising temperatures and reduce energy consumption. Estimated costs for these upgrades range from $5,000 to $10,000. To address the MAJOR fire risk, consider maintaining a defensible space around the property by removing vegetation and debris. The cost of this mitigation measure is relatively low, typically involving regular yard maintenance. • Bold Kitchen Design: The blue kitchen cabinets may not appeal to all buyers and could be considered a design risk.
Insurance
Annual Cost

$3,960

$330 per month

Price Prediction Challenge

Think you know what 7317 River Park Dr will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Schools

County Residential Center

PublicGrades 5-12
2/5
Elementary
2.3 mi
Get more information on GreatSchools

Scott Morgan Johnson Middle School

PublicGrades 6-8
6/5
Middle
3.3 mi
Get more information on GreatSchools

Mckinney North High School

PublicGrades 9-12
8/5
High
3.7 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$3,520

Get a detailed estimate on Zillow®
HOA Fee

$125

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings
$33,000
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results