7157 CO ROAD 4042, KEMP, TX 75143

Homes for sale in Kemp.

Homes for sale in 75143.


7157 Co Road 4042

Kemp, TX 75143

Status of the property has changed, please contact for details

List Price$100,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21023020

2.32

Acres

Lots / Land

Type

About This Property

THIS LISTING IS FOR LOT THREE (3) ONLY. Seller has 4 adjacent lots totaling 10.2 acres. Just under an hour drive from downtown Dallas, Edgewater is THE luxury destination at Cedar Creek Lake. It's platted as 4 adjacent individual lots, so if you want a compound with multiple homes, that works too! Minimum square footage is 1,500 feet, but homes in the neighborhood go to over 4,000 square feet. It's outside city limits for lower taxes ($ 1.6032 per hundred), and no current MUD tax. Edgewater amenities include a community marina with boat docks, almost a mile of hiking trails, a secure community boat & RV storage lot, & more! The clubhouse is under construction and will include a workout room, and a playground. A community pool is also in the planning stages. Your HOA dues include a Careflite membership, so medical care is just a short flight away. Underground utilities include co-op electric and MUD water, septic system will be necessary. The new communications tower is now complete for stronger cellular and internet signals. Seller financing is available with minimum 20% down, 30 year amortization with a 2 or 3 year balloon, rate to be determined based on LTV and creditworthiness. Seller will entertain breaking the property up, lots 1 and 2 ($ 200,000), lots 3 and 4 ($ 200,000), or lot 3 by itself ($ 100,000). Owners of multiple lots pay one HOA fee for up to 3 lots. Call listing agent for gate code.

Property Features

Location Information

County

Kaufman

Subdivision

Edgewater Add Ph 2

Interior Features

Has Fireplace

No

Exterior Features

Water / Sewer

Electricity Available, Municipal Utilities, Sewer Not Available, Underground Utilities, Water Available

Possible Best Use

Residential

Utilities

Electricity Available, Municipal Utilities, Sewer Not Available, Underground Utilities, Water Available

Zoning

Residential

Lot Description

Interior Lot, Many Trees, Subdivision, Subdivided

Development Status

Site Plan Approved, Streets Installed

Lot Size in Acres

2.32

Road Description

County Road, Asphalt

Lot Size in Sq. Ft.

101,059

Is One Story

No

Lot Dimensions

477 x 211 apx.

Lot Description

Interior Lot, Many Trees, Subdivision, Subdivided

Current Use

Residential, Single Family

School

Elementary School District

Kemp ISD

High School

Kemp

Elementary School

Kemp

Additional Information

Property Type

LL

HOA Frequency

Annually

Property SubType

Unimproved Land

HOA Includes

All Facilities, Association Management

Status

Active

Documents Available

Plat

Has a Home Owners Association

Yes

Lot Acres Source

Public Records

HOA Fee

$750

Similar Listings

Mortgage Calculator

$466

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$360

Monthly Tax

$83

Monthly Insurance

$23

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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