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214 Colorado St, McKinney, TX, 75069

2beds
1baths
1,294sqft
$385,000
$298price/sqft
$3,095/moest. monthly cost
$123,800/yrincome needed

About This Home

HISTORIC MCKINNEY CHARMER – IDEAL FOR INVESTORS, FIRST-TIME BUYERS, DOWNSIZERS! NEW ROOF 08-11-26 Nestled in the heart of Historic McKinney, this lovingly renovated Craftsman-style cottage blends timeless character with modern updates. Thoughtfully restored and move-in ready, the home features restored original hardwood floors, high baseboards, and inviting living spaces filled with charm. Major improvements include a completely updated electrical system with a new electrical panel and breaker box, a newer HVAC system, updated flooring, and beautifully remodeled kitchen and bathroom spaces. Outside, enjoy a large, fully fenced backyard enclosed by a wood privacy fence. Additional amenities include a garage and a separate storage room, offering valuable extra space. Located in a rapidly revitalizing neighborhood, surrounding properties are being restored or replaced with new construction, enhancing the area's appeal and long-term value. For investors and first-time buyers alike, this property offers a turnkey opportunity — furniture and supplies are available for purchase, making it easy to move in or start generating income with minimal setup. It has maintained an impressive Airbnb rental history from August 2021 through the present, generating an average annual revenue of approximately $43,105, or $3,596 per month. Whether you're seeking a primary residence, a downsizing opportunity, or an investment property with established short-term rental performance, this Historic McKinney gem deserves a closer look.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

5/10
Finch Elementary SchoolGrades K-50.2 mi
9/10
Faubion Middle SchoolGrades 6-81.5 mi
7/10
McKinney High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1964

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman,Detached
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Range,Disposal,Microwave,Refrigerator,Washer
  • Laundry features: Stacked

Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Dimensions: 12 x 13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Dimensions: 11 x 11

Features

  • Eat-in Kitchen,High Speed Internet,Pantry,Cable TV,Walk-In Closet(s)
  • Window features: Window Coverings
  • Flooring: Carpet,Ceramic Tile,Wood

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 1,294 sqft

Kitchen

  • Features: Breakfast Bar,Built-in Features,Eat-in Kitchen,Pantry,Stone Counters
  • Level: First
  • Dimensions: 17 x 15

Living Room

  • Level: First
  • Dimensions: 19 x 13

Master Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Dimensions: 15 x 14

Other

  • Level: First
  • Dimensions: 8 x 8

Property

Details

  • Parcel number: R0890000009C1

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Front Porch,Covered
  • Exterior features: Private Yard,Storage
  • Fencing: Back Yard,Fenced,Wood
  • Residential vegetation: Cleared

Lot

  • Lot size: 0.25 Acres
  • Features: Back Yard,Corner Lot,Lawn

Parking

  • Total spaces: 1
  • Parking features: Door-Single,Garage Faces Front,Kitchen Level,On Site,Off Street,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Tornado
Heat Wave
Cold Wave
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,946$23,352
Home Insurance *$363$4,356
Property Taxes $548$6,576
Electricity $238$2,859
Total$3,095$37,140
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$106,114/yr
40% on housing$92,850/yr
45% on housing$82,533/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$298This listing

vs Other Active Listings

Avg $/sqft

ZIP 75069$240
Collin County$205

vs Homes Sold Last Month

Median $/sqft

ZIP 75069$168
Collin County$185

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-02Listed for sale$385,000
2026-07-29Contingent$385,000
2026-07-09Listed for sale$385,000
2021-05-25Sold--
2021-04-11Pending sale$325,000
2021-04-01Listed for sale$325,000
2019-05-03Sold--
2019-04-12Pending sale$199,995
2019-03-31Listed for sale$199,995
2018-02-01Listing removed$1,495
2018-01-27Listing removed$239,900
2018-01-03Listed for rent$1,495
2017-12-14Listed for sale$239,900
2017-09-07Listing removed$1,450
2017-08-23Price change$1,450
2017-08-23Listing removed$255,000
2017-08-05Listed for rent$1,595
2017-07-14Price change$255,000
2017-06-26Price change$264,900
2017-05-25Price change$279,900
2017-04-23Price change$289,900
2017-04-01Listed for sale$299,900
2016-06-30Sold--
2016-06-27Pending sale$160,000
2016-06-03Listed for sale$160,000

For Sale by Agent

AgentRayford Collins
BrokerageFathom Realty

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