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$365,000

Est. payment - /mo

3.3 Acres Lot

Price Dropped by $20K

1157 County Road 490 Princeton, TX 75407

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John & Jennifer Shelby

jshelby@shelbyrealtygroup.com +1(469) 586-8998

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Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision Murillo Addition

MLS Listing ID 20551746

HOA Y/N None

Year Built 1987

Annual Tax Amount $2,130

Lot Size 3.303 Acres

Acres 3.303

Property Sub-Type Improved Land

Property Description

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.

Location

State TX

County Collin

Zoning ETJ Princeton

Direction 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

Exterior

Exterior Feature Storage

Fence Fenced

Utilities Available Asphalt, Co-op Electric, Co-op Water, Electricity Available, Propane, Septic

Street Surface Asphalt

Garage No

Building

Lot Description Acreage, Cleared

Schools

Elementary Schools Godwin

Middle Schools Clark

High Schools Princeton

School District Princeton Isd

Others

Restrictions None

Ownership Upon Request

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20551746

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Ross Kallenberg • Keller Williams NO. Collin Cty

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John & Jennifer Shelby

Agent | License ID: 0692652

+1(469) 586-8998

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1157 County Road 490 Princeton, TX 75407

John & Jennifer Shelby

Key Details

Location

Exterior

Building

Schools

Others

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1157 County Road 490