5405 LAVENDER DRIVE, PRINCETON, TX 75407
Homes for sale in Princeton.
Homes for sale in 75407.
5405 Lavender Drive
Princeton, TX 75407
List Price$284,750
Listing #20821647
About This Property
* PRICED TO SELL! HUGE PRICE REDUCTION! * INVESTOR OPPORTUNITY WITH CURRENT LEASE THROUGH 7-2025 OR PRIMARY OWNERSHIP & TENANTS WILL MOVE EARLY*Bridgewater Master-planned Community*Craftsman-style home occupied by tenants signed with a lease through 07.2025*Quartz countertops*Recessed lighting throughout*Bridgewater community has amenities galore!*Clubhouse*Fitness Center*Lazy River*Pools*Volleyball court*Pond for cash & release fishing*Paddleboard lake*Property currently being managed by PMC*Seller has never seen or been to property*INVESTORS: Gross Income $24,000 : Tax Expense $7,000 : Insurance Expense : $1,400 : Capitalization Rate 5.7%*Please allow 4-hour showing notice for tenants to vacate home*Survey is included*
Property Features
Location Information
County
Collin
Subdivision
Bridgewater Ph 3b
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Dining Room, First Floor Kitchen, First Floor Living Room, First Floor Primary Bathroom, First Floor Primary Bedroom
Has Fireplace
No
Interior
Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Number of Fireplaces
0
Master Bedroom Description
15 x 13
Heating
Central, Electric, ENERGY STAR Qualified Equipment
Full Baths
2
Cooling
Central Air, Electric, ENERGY STAR Qualified Equipment
Dining Room Description
14 x 9
Floors
Carpet, Luxury Vinyl Plank, Tile
Living Room Description
18 x 14
Laundry
Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
Kitchen Description
9 x 15
Appliances
Dishwasher, Electric Range, Disposal, Microwave
Exterior Features
Style
Craftsman, Detached
Fencing
Back Yard, Fenced, Wood
Stories
1
Patio / Deck Description
Front Porch, Patio, Covered
Construction
Board & Batten Siding, Rock, Stone
Has a Pool
Yes
Exterior
Private Yard
Pool Description
None, Community
Foundation
Slab
Lot Description
Interior Lot, Landscaped, Subdivision, Sprinkler System
Roof
Composition, Shingle
Lot Size in Acres
0.119
Water / Sewer
Electricity Connected, Municipal Utilities, Sewer Available, Separate Meters, Underground Utilities, Water Available
Lot Size in Sq. Ft.
5,183
Utilities
Electricity Connected, Municipal Utilities, Sewer Available, Separate Meters, Underground Utilities, Water Available
Lot Dimensions
SEE SURVEY
Security System
Security System Leased, Smoke Detector(s)
Is One Story
Yes
Parking Description
Concrete, Direct Access, Driveway, Garage Faces Front, Garage, Inside Entrance, Side By Side
Lot Description
Interior Lot, Landscaped, Subdivision, Sprinkler System
Has Garage
Yes
Windows Description
Window Coverings
Garage Spaces
2
School
Elementary School District
Princeton ISD
Jr. High School
Southard
Elementary School
Harper
High School
Princeton
Additional Information
Year Built Details
Preowned
HOA Frequency
Annually
Property Type
SFR
HOA Includes
All Facilities, Association Management
Property SubType 2
House
Tax Annual Amount
7104.0
Property SubType
Single Family Residence
Exclusions
All tenant belongings, refrigerator, washer & dryer
Year Built
2022
Community Features
Clubhouse, Fitness Center, Playground, Park, Pool, Trails/Paths, Community Mailbox, Curbs, Sidewalks
Status
Active
Documents Available
Survey
Has a Home Owners Association
Yes
Lot Acres Source
Assessor
HOA Fee
$500
Similar Listings
Mortgage Calculator
$1,329
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,026
Monthly Tax
$237
Monthly Insurance
$66
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
Listing courtesy of
Karin Nielsen-Kilburn, Keller Williams Realty
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NTREIS - North Texas data last updated at June 6, 2025, 9:41 AM CT
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