11193 CR-496, PRINCETON, TX 75407

Homes for sale in Princeton.

Homes for sale in 75407.


11193 Cr-496

Princeton, TX 75407

Active

List Price$1,023,750

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Listing #21204371

13.65

Acres

Lots / Land

Type

About This Property

Prime 13+ acre investment opportunity in rapidly growing NE Princeton located near the planned and proposed Hwy 380 bypass corridor in one of Collin County's fastest expanding development areas. This offering consists of two contiguous properties totaling over 13 acres that will be sold together only and will not be subdivided or split. Princeton continues to experience exceptional residential growth and increasing commercial demand as development expands east along the Hwy 380 corridor, creating strong opportunities for investors, entrepreneurs, and developers seeking land in the path of North Texas growth. The property provides a versatile layout with open space and natural surroundings suitable for a variety of potential concepts including a wedding or event venue, event barn, agritourism destination, seasonal festival property, boutique campground or RV retreat, outdoor recreation venue, contractor yard, landscape nursery, garden center, private retreat, or service based business location. With population growth accelerating throughout Princeton and eastern Collin County, demand continues to increase for local entertainment venues, gathering spaces, recreation destinations, and service businesses supporting the expanding residential population. Electric service is already available onsite. Property will require a private water well as public water is not currently available in this location. Larger acreage tracts in this portion of Princeton are becoming increasingly limited as development pressure moves outward from the Hwy 380 corridor and surrounding communities including McKinney, Farmersville, and the greater North Collin County region. This property offers investors the opportunity to secure a strategic land position in a high growth corridor with strong long term upside potential. Buyer to verify utilities, zoning, development requirements, and all potential uses.

Property Features

Location Information

County

Collin

Subdivision

Dakota Trail

Interior Features

Has Fireplace

No

Exterior Features

Water / Sewer

Electricity Available

Zoning

unzoned- agricultural

Utilities

Electricity Available

Development Status

Streets Installed

Lot Description

Acreage, Agricultural

Road Description

All Weather Road

Lot Size in Acres

13.65

Is One Story

No

Lot Size in Sq. Ft.

594,594

Lot Description

Acreage, Agricultural

Current Use

Agricultural

School

Elementary School District

Farmersville ISD

High School

Farmersville

Elementary School

Farmersville

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Unimproved Land

Tax Annual Amount

5889.0

Status

Active

Lot Acres Source

Public Records

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Mortgage Calculator

$4,780

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,689

Monthly Tax

$853

Monthly Insurance

$238

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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