1920 Grassmere Ln Unit464, Mckinney, TX 75071 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2008Total Assessed Value $81,975,000County Collin

Property Details

The Apartments property 1920 Grassmere Ln Unit464, Mckinney, TX 75071 is located in Collin County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $81,975,000.

The gross building area is 398,732 square feet and the land area is 1,127,202 square feet for this Apartment Garden (1 - 4 stories) built in 2008.

Legal description: Fram - Stonebridge Addition & Grassmere Lane Row (Cmc), Blk A, Lot 1

$81,975,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,460

Avg Rent

Property Image of 1920 Grassmere Ln Unit464, Mckinney, TX 75071, Apartments

1 / 3

Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area398,732

Land Size1,127,202

Land Value$18,035,234

Improved Value$63,939,766

Total Assessed Value$81,975,000

Year Built2008

County NameCollin

Account Number2646661

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningYes

HeatingNone

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Roof TypeGable

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport,Detached Garages

Bedrooms11

Bathrooms9

PatioAvailable

Wood DeckAvailable

Access Gates1

Business Center1

Outside Storage1

Walk-in Closets1

School Bus Pickup1

Emergency Maintenance1

Trash Pickup1

Granite Countertops1

Steel Appliances1

10ft Ceilings1

Number of Units464

Sales History

9/18/2018

Arms-lengthNot Disclosed

Buyer

Highland Capital Management

Seller

Areg Grassmere Tx Partners Llc

Book Number

20180918001171700

Recording Date

9/18/2018

Transaction Details

Highland Capital Management acquired the property from Areg Grassmere Tx Partners Llc through a Arms-length transaction on 9/18/2018 for .

2/27/2015

Arms-length$50,130,000

Buyer

Areg Grassmere Tx Partners Llc

Seller

Council & 380 Llc

Book Number

000231030

Recording Date

2/27/2015

Transaction Details

Areg Grassmere Tx Partners Llc acquired the property from Council & 380 Llc through a Arms-length transaction on 2/27/2015 for $50,130,000.

Property constructed in 2008

YSale Price (USD) byXSales Year

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Mortgage History

2/6/2014

Arms length residential transactions purchase or resales$350,000

Borrower

Dickschat Dean E

Lender

Texas Star Bank

Book Number

20140210000125530

Recording Date

2/6/2014

Transaction Details

Dickschat Dean E borrowed the property from Texas Star Bank through a Arms length residential transactions purchase or resales transaction on 2/6/2014 for $350,000.

7/12/2012

Arms length residential transactions purchase or resales$230,000

Borrower

Carpenter William E

Lender

Independent Bank

Book Number

20120713000851360

Recording Date

7/12/2012

Transaction Details

Carpenter William E borrowed the property from Independent Bank through a Arms length residential transactions purchase or resales transaction on 7/12/2012 for $230,000.

6/14/2011

Sale$29,700,000

Borrower

Council 380 Llc

Lender

Book Number

Recording Date

6/14/2011

Transaction Details

Council 380 Llc borrowed the property from through a transaction on 6/14/2011 for $29,700,000.

5/6/2011

Sale$29,700,000

Borrower

Council 380 L L C

Lender

Keycorp Real Estate Capital Markets Inc

Book Number

2011.470040

Recording Date

5/6/2011

Transaction Details

Council 380 L L C borrowed the property from Keycorp Real Estate Capital Markets Inc through a transaction on 5/6/2011 for $29,700,000.

Property constructed in 2008

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$18,035,234	$68,482,586	$86,517,820	$86,517,820	Nrea Retreat Dst	2515 Mckinney Ave St...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2025	$18,035,234	$63,939,766	$81,975,000	$81,975,000	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2024	$17,471,633	$65,451,440	$82,923,073	$82,923,073	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2023	$16,908,032	$61,585,968	$78,494,000	$78,494,000	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2022	$11,272,021	$58,727,979	$70,000,000	$70,000,000	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2021	$8,454,016	$59,313,879	$67,767,895	$67,767,895	Nrea Retreat Dst	2515 Mckinney Ave St...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2020	$8,454,016	$61,746,721	$70,200,737	$70,200,737	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2019	$8,454,016	$52,745,984	$61,200,000	$61,200,000	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2018	$8,454,016	$44,545,984	$53,000,000	$53,000,000	Nrea Retreat Dst	C/o Highland Capital...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732
2017	$8,454,016	$43,903,165	$52,357,181	$52,357,181	Areg Grassmere Tx Pa...	C/o Cortland Partner...	Fram - Stonebridge A...	-	S9600	1,127,202	398,732

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
1920 Grassmere Ln Unit464, Mckinney, TX 75071	2646661	Apartments	Apartment Garden (1 - 4 stories)	Nrea Retreat Dst	Collin	-	$ 50,130,000	2015-02-27	$ 125.72	2008	398,732	464
7201 Stacy Rd Unit33, Mckinney, TX 75070	2838477	Apartments	Apartment Garden (1 - 4 stories)	Trg Stacy Alma Llc &	Collin	4.6	$ 64,584,800	2025-11-21	$ 139.06	2022	464,454	33
16220 Phoebe Rd, Frisco, TX 75035	2807390	Apartments	Apartment Garden (1 - 4 stories)	Frisco Apartments Acquisitions I Llc &	Collin	4.9	$ 93,765,000	2024-07-09	$ 189.95	2021	493,621	-
3191 Medical Center Dr Unit348, Mckinney, TX 75069	2512772	Apartments	Apartment Garden (1 - 4 stories)	Housing Authority Of The City Of Mckinney Texas	Collin	5.6	$ 117,754,210	2024-10-17	$ 365.72	2001	321,982	348
201 Mckinney Village Pkwy Unit245, Mckinney, TX 75069	2790193	Apartments	Apartment Garden (1 - 4 stories)	Ipxi Mf Mckinney Investors Llc	Collin	5.9	$ 39,641,980	2025-11-12	$ 151.07	2015	262,413	245
7777 Adelaide St, Frisco, TX 75034	678793	Apartments	Apartment Garden (1 - 4 stories)	Hp Maxwell Llc	Denton	9.6	$ 57,216,600	2025-05-13	$ 172.15	2017	332,361	325
2001 E Spring Creek Pkwy Unit300, Plano, TX 75074	2070489	Apartments	Apartment Garden (1 - 4 stories)	Spring Creek Fee Owner Llc	Collin	11.2	$ 58,235,380	2024-08-21	$ 201.08	1997	289,620	300
5225 Town Country Blvd, Frisco, TX 75034	500870	Apartments	Apartment Garden (1 - 4 stories)	Nap Rovello Stonebriar Commons Lp	Denton	11.9	$ 41,634,320	2025-10-28	$ 132.23	2016	314,855	216
599 W Princeton Dr Unit306, Princeton, TX 75407	2719539	Apartments	Apartment Garden (1 - 4 stories)	599 W Princeton Lp	Collin	12.0	$ 26,600,000	2024-12-20	$ 132.11	2022	201,340	306
701 Legacy Dr Unit346, Plano, TX 75023	2058069	Apartments	Apartment Garden (1 - 4 stories)	701 Legacy Drive Llc &	Collin	10.2	$ 44,688,000	2025-09-29	$ 131.26	1996	340,451	346
6300 Windcrest Dr Unit380, Plano, TX 75024	2058512	Apartments	Apartment Garden (1 - 4 stories)	Key Creekside Llc	Collin	12.3	$ 87,279,920	2024-09-26	$ 227.99	1996	382,817	380

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	1920 Grassmere Ln Unit464, Mckinney, TX 75071	—	-	1,127,202	2008	398,732	$ 81,975,000	$ 18,035,234	-
Citibank Na	5701 Mckinney Place Dr, Mckinney, TX 75070	07/18/2025	$ 60,475,000	610,798	2017	447,578	$ 83,665,113	$ 7,634,979	Kinstead Mckinney Property Lp
Guaranteed Rate Affinity Llc	7000 Allegiance Dr, Mckinney, TX 75071	05/06/2025	$ 434,700	6,054	2005	2,141	$ 451,124	$ 155,250	Leinart Family Revocable Trust
Greystone Funding Company Llc	1300 Redbud Blvd Unit150, Mckinney, TX 75069	02/01/2025	$ 13,714,900	284,412	1984	109,488	$ 11,071,120	$ 2,417,502	Ahfred Bud Trail Llc
Bmo Bank Na	4651 S Custer Rd Unit277, Mckinney, TX 75070	01/09/2025	$ 500,000	591,763	2015	323,135	$ 61,000,000	$ 7,101,151	Venue Craig Ranch Apartments Llc
Santander Bank Na	12255 Eldorado Pkwy, Frisco, TX 75035	12/17/2024	$ 51,741,000	613,020	2025	411,861	$ 9,195,298	$ 9,195,298	Brinkmann Ph3 Owner Lp
Jll Real Estate Capital Llc	451 Wilson Creek Blvd Unit215, Mckinney, TX 75069	12/13/2024	$ 7,287,000	492,011	1999	186,726	$ 14,881,667	$ 4,920,106	Mckinney Apartments Lp
Cbre Multifamily Capital Inc	3191 Medical Center Dr Unit228, Mckinney, TX 75069	10/17/2024	$ 88,537,000	657,756	2001	207,328	$ 35,106,702	$ 7,235,316	Magnolia Ranch Partners Lp
Cbre Multifamily Capital Inc	3191 Medical Center Dr, Mckinney, TX 75069	10/17/2024	$ 88,537,000	30,840	2001	5,856	$ 1,196,922	$ 277,564	Magnolia Ranch Partners Lp
Independent Bank	820 S College St Unit4, Mckinney, TX 75069	10/10/2024	$ 1,900,000	12,415	1983	3,400	$ 317,056	$ 68,280	Collin County Cornerstone Chri
Berkadia Commercial Mtg Llc	5500 Mckinney Place Dr Unit343, Mckinney, TX 75070	10/01/2024	$ 42,322,000	765,894	2008	379,701	$ 61,671,162	$ 8,807,778

Mean$ 18,951,412

Median$ 2,940,000.0

Loan Amount Range$ 400,000 - $ 88,537,000

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License Details

License Number

16218432199

Texas_Tax_Exempt_Entities

Issued By

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State Authority

Issue Date

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Original Issuance

Expire Date

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Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	GOD'S TRAINING CENTER CHURCH
	Address Line
	City / State / Zip
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48085
Government Codes	Census Tract	-
Postal Information	ZIP Status Code
Registration Details	SOS Code

1920 Grassmere Ln Unit464, Mckinney, TX 75071 – Apartment Garden (1 - 4 stories)

Property Details

Property Information

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Sales History

Mortgage History

Assessment History

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