This extensive property package offers a compelling investment opportunity, featuring four parcels totaling 25 acres, each brimming with potential. Zoned SF-1 for one-acre lots, the land comprises seventeen (17) one-acre lots and two (2) 2+ acre lots, complete with city entitlements and approved site plans, positioning it as a premier investment opportunity. With its level topography and remarkable visibility, boasting approximately 600 feet of frontage along Parker Road, and supplemented by existing water and electrical services, the property provides an ideal canvas for development endeavors. In Lucas, where the median home price stands at $1.1 million as of April 2024, and properties are listed up to $5.3 million, the residential market flourishes, offering ample room for exploration. Delve deeper into this exceptional property through our video available on Crexi and LoopNet.
Last updated on: 5/4/2024, 7:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$31.8K
Per Month
Principal & Interest
$31.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$19.1K
Powered By
Advertisement
NMLS#3030
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.
Elementary School
9
/10
Martha Hunt Elementary School
415 Oriole Dr
Distance between this listing and this school2.02 miles
Public District Grades KG-5
Middle School
9
/10
Murphy Middle School
620 N Murphy Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
High School
6
/10
McMillen High School
750 N Murphy Rd
Distance between this listing and this school2.21 miles
Public District Grades 9-10
7
/10
Plano East Senior High School
3000 Los Rios Blvd
Distance between this listing and this school3.20 miles
Public District Grades 11-12
Assigned Schools
9
/10
Martha Hunt Elementary School
415 Oriole Dr
Distance between this listing and this school2.02 miles
Public District Grades KG-5
Nearby Schools
8
/10
Rita Smith Elementary School
2221 Fm 1378
Distance between this listing and this school1.50 miles
Public District Grades KG-4
9
/10
R V Groves Elementary School
1100 Mccreary Rd
Distance between this listing and this school2.18 miles
Public District Grades KG-4
Assigned Schools
9
/10
Murphy Middle School
620 N Murphy Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
Nearby Schools
9
/10
Willow Springs Middle School
1101 W Lucas Rd
Distance between this listing and this school1.83 miles
Public District Grades 7-8
8
/10
Frank Mcmillan Junior High School
1050 Park Blvd
Distance between this listing and this school2.85 miles
Public District Grades 7-8
Assigned Schools
6
/10
McMillen High School
750 N Murphy Rd
Distance between this listing and this school2.21 miles
Public District Grades 9-10
7
/10
Plano East Senior High School
3000 Los Rios Blvd
Distance between this listing and this school3.20 miles
Public District Grades 11-12
Nearby Schools
9
/10
Lovejoy High School
2350 Estates Pkwy
Distance between this listing and this school3.24 miles
The neighbors living near this home have an average income of $137,625. The majority of Allen, TX residents have income between $100k-200k annually. The majority of families are married, with kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7237 E Parker
What is the listing price of this property?
The listing price of 7237 E Parker property is $6,375,000.
What type of property is this?
The property 7237 E Parker is land located in Lucas, Texas, 75002.
Is this property for sale now?
Active Listing: 7237 E Parker is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7237 E Parker are: Martha Hunt Elementary School: GreatSchools Rating 9/10Murphy Middle School: GreatSchools Rating 9/10McMillen High School: GreatSchools Rating 6/10Plano East Senior High School: GreatSchools Rating 7/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7237 E Parker in Lucas, TX and zip code 75002. This home sits on a 25.11 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $6,375,000.
Between March 2024 and April 2024, Allen, TX real estate market has seen increase in the number of listings by 29.9%. In April 2024, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $574,998.
From Rocket Homes Real Estate and based on county public records data.