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$550,000

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 0.21 Acres
  • Updated 8 days ago
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Located in the crown jewel of McKinney's Historic District, this rare property offers two independent living spaces just a 4-minute walk from Downtown McKinney-a beautifully updated 4-bedroom, 2-bath main residence plus a fully furnished 703 sq ft second residence. Whether you're accommodating multigenerational living, providing private space for aging parents or returning college students, creating a detached home office or studio, welcoming long-term guests, or generating rental income, this property delivers a level of flexibility that's exceptionally difficult to find. The second residence includes its own kitchen and full bath and has already rented on Airbnb for up to $150 per night. Inside the main home, original hardwood floors, abundant natural light, and an open-concept layout blend historic character with modern functionality. The kitchen serves as the heart of the home with quartz countertops, a classic subway tile backsplash, a striking blue island, stainless steel appliances, and generous storage, while both bathrooms have been thoughtfully updated with modern finishes. Each bedroom includes its own walk-in closet, providing exceptional storage and everyday convenience. Beyond its flexibility, the home offers extensive turnkey system upgrades for long-term peace of mind, including cast iron plumbing replaced to the city, a new electrical panel, tankless water heaters, added insulation, updated windows, and a 2024 HVAC system. Outdoors, enjoy a rare oversized backyard with a private patio-ideal for entertaining, gardening, or simply relaxing. Just steps from Downtown McKinney's boutiques, dining, parks, and year-round events, this is a rare opportunity to own a thoughtfully updated historic property that offers the lifestyle buyers love with the flexibility, functionality, and income-producing potential that are nearly impossible to replicate.

Full Property Details for 506 N Chestnut St

General

  • Price: $550,000
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21251775
  • Updated: 7/2/2026
  • Added to Site: 72 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Kitchen Island, Open Floorplan, Cable TV, Walk-In Closet(s), Wired for Sound
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Tankless Water Heater
  • Flooring: Carpet, Concrete, Ceramic Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup, In Hall, Stacked

Exterior

  • Porch/Patio/Deck: Front Porch, Patio, Covered

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Carport, Detached Carport, Driveway

Location

  • County: Collin
  • Subdivision: MCKINNEY ORIGINAL DONATION (CMC)
  • Driving Directions: N on Hwy 5. Left on E Walker St. R on N Chestnut St. Home is on the right.

School Information

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

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric, Wall Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Farmhouse, Modern, Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: Board & Batten Siding
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Living Area: 1,364 Sq. Ft.
  • Year Built: 1953

Additional Structures

  • Other Structures: Guest House, Shed(s)

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 9,147.6
  • Lot Features: Back Yard, Interior Lot, Lawn
  • Fencing (Description): Wood

Green Features

  • Energy Efficient: Insulation, Windows

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Disclosures/Rstr.: Accessory Dwelling Unit
  • Property ID: R0856080001C1
  • Block: 80
  • Lot Number: 1C

Listed by Compass RE Texas, LLC, Miranda Roberts

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Listing agent

— 506 N Chestnut St —

  • Miranda Roberts

    Compass RE Texas, LLC

505-690-6095

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 N Chestnut St

School District:McKinney Independent School District
NameGradesDistance
Caldwell Elementary School, McKinney, TX
601 West Louisiana Street, McKinney, TX 75069
K-50.6 mi
Faubion Middle School
2000 Rollins Street, McKinney, TX 75069
6-81.2 mi
Mckinney Boyd High School
600 Lk Forest Dr, McKinney, TX 75070
9-123.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 N Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/26/2026
Price Reduced
$550,000
-3.17%
MLS
4/29/2026
Listed
$568,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 N Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,883
1632%
$508,434
144%
2023
$513
-54%
$208,464
8%
2022
$1,123
-3%
$192,695
29%
2021
$1,158
5%
$149,362
6%
2020
$1,102
-58%
$140,432
22%
2019
$2,606
5%
$115,316
10%
2018
$2,492
8%
$104,833
10%
2017
$2,318
8%
$95,303
10%
2016
$2,151
7%
$86,639
10%
2015
$2,016
10%
$78,763
10%
2014
$1,840
7%
$71,603
8%
2013
$1,713
—
$66,467
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 506 N Chestnut St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass RE Texas, LLC, Miranda Roberts

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506 N Chestnut Street, McKinney, TX 75069 (MLS# 21251775) is a Single Family property with 4 bedrooms and 2 full bathrooms. 506 N Chestnut Street is currently listed for $550,000 and was received on April 29, 2026. Want to learn more about 506 N Chestnut Street? Do you have questions about finding other Single Family real estate for sale in McKinney? You can browse all McKinney real estate or contact a Coldwell Banker agent to request more information.

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