Developer and Investor Special **THE VALUE IS IN THE LAND ** This 3.3-acre opportunity has incredible potential with direct access to CR 490 & US 380. The existing distressed home (1987 3 BR & 2 BA - 1650 sq ft) can be revitalized as a rental or demolished as part of a future development or strategic piece to a larger future development. This land lies within the Princeton ETJ location, but just outside the city limits with no known restrictions and the future land use is suburban and estate living. Don't miss out on this opportunity to capitalize on Princeton’s thriving development. With easy access to HWY 380 and just minutes from shops, restaurants, schools, and Lake Lavon. Enjoy the best of both worlds: the tranquility of country living and the convenience of city amenities. Prime location, prime investment! Don't miss this chance to own a piece of the future. Distressed home with 3 BR & 2 BA and all other structures convey with the property; A new survey will be needed.
Directions: From McKinney, travel east on US 380 towards Princeton, turn right onto CR 457 Continue south on CR 457 about .2 mile and turn left on CR 456. Continue east on CR 456 for about a mile and turn right onto CR 490. Follow CR 490 south and property will be on the left. Or use GPS
Price Information
Listing Price Info
Price Summary:
List Price: $425,000
Tax Information:
Annual Amount: $1,853
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Princeton, TX.
Last updated on: 5/14/2024, 10:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
$190,997
2020
$1,853
$107,527
2019
$1,672
$97,752
2018
$1,672
$88,865
2017
$1,529
$80,786
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Harper Elementary School
8080 County Road 398
Distance between this listing and this school2.46 miles
Public District Grades PK-5
5
/10
Godwin Elementary School
1019 N 6th St
Distance between this listing and this school2.69 miles
Public District Grades PK-5
6
/10
Lacy Elementary School
224 E College St
Distance between this listing and this school2.86 miles
Public District Grades PK-5
Nearby Schools
6
/10
Clark Jr High School
301 Panther Pkwy
Distance between this listing and this school2.22 miles
Public District Grades 7-8
7
/10
Farmersville Jr High School
501 Hwy 78 North
Distance between this listing and this school5.68 miles
Public District Grades 6-8
8
/10
Sloan Creek Intermediate School
440 Country Club Rd
Distance between this listing and this school8.37 miles
Public District Grades 5-6
Nearby Schools
5
/10
Princeton High School
1000 E Princeton Dr
Distance between this listing and this school1.89 miles
Public District Grades 9-12
7
/10
Farmersville High School
499 Hwy 78 North
Distance between this listing and this school5.71 miles
Public District Grades 9-12
9
/10
Lovejoy High School
2350 Estates Pkwy
Distance between this listing and this school9.23 miles
The neighbors living near this home have an average income of $62,450. The most common annual income of people living in Princeton, TX is between $35k-100k. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1157 County Road 490
What is the listing price of this property?
The listing price of 1157 County Road 490 property is $425,000.
What type of property is this?
The property 1157 County Road 490 is land located in Princeton, Texas, 75407.
Is this property for sale now?
Active Listing: 1157 County Road 490 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,853 (source: MLS/based on county public records data).
How much acreage is this property?
The property 1157 County Road 490 is 3.30 acres.
Interested in 1157 County Road 490? Let's connect.
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This home is located at 1157 County Road 490 in Princeton, TX and zip code 75407. This home, which was built in 1987, sits on a 3.30 acre lot. It has been listed on Rocket Homes since March 06, 2024 and is currently priced at $425,000.
Between March 2024 and April 2024, Princeton, TX real estate market has seen increase in the number of listings by 26.6%. Listings spent 52 days on the market in April 2024, and had a median list price of $339,937 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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