506 N Chestnut Street

What's special

• Open floor plan
• Kitchen island
• Wood floors
• Covered patio
• Single story
• Study

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.

Home facts

Overview

Price

$524,900

Price per sq ft

$375

Status

Active

Property type

Single Family Residence

Year built

1953

Condition

Resale

Style

Farmhouse, Modern, Detached

Stories

1

Levels

One

Days on market

0

Bedrooms & bathrooms

Bedrooms

4

Full bathrooms

2

Living area

1,401 sq ft

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

Appliances

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

Flooring

Carpet, Concrete, Ceramic Tile, Wood

Heating

Central

Cooling

Central Air, Ceiling Fans, Electric, Wall Units

Laundry

In Hall

Exterior & lot

Lot size

0.21 acres · 9,147.6 sq ft

Lot

Back Yard, Interior Lot, Lawn

Patio & porch

Covered

Fencing

Wood

Roof

Composition

Foundation

Pillar Post Pier

Construction

Board And Batten Siding

Parking

Carport spaces

2

Parking

Carport, Detached Carport, Driveway

HOA & taxes

HOA

No

Utilities & efficiency

Utilities

Electricity Available, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available

Water

Public

Sewer

Public Sewer

Energy features

Insulation, Windows

Take the virtual tour

Facts are from the listing on the NTREIS MLS, shown as provided. Verify anything important to you.

Assigned schools

• ElementaryFinchMcKinney ISDRatings on GreatSchools
• MiddleFaubionMcKinney ISDRatings on GreatSchools
• HighMckinney BoydMcKinney ISDRatings on GreatSchools

School assignments come from the MLS and can change, so confirm them with the district. For school ratings and accountability reports, see GreatSchools.org and TXschools.gov (Texas Education Agency). Information provided for general reference; buyers should independently verify schools, districts, and community details.

Neighborhood & nearby

MCKINNEY ORIGINAL DONATION (CMC) subdivision · McKinney, TX 75069 · Collin County

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