7157 CO ROAD 4042, KEMP, TX 75143
Homes for sale in Kemp.
Homes for sale in 75143.
7157 Co Road 4042
Kemp, TX 75143
List Price$100,000
Listing #21023020
About This Property
THIS LISTING IS FOR LOT THREE (3) ONLY. Seller has 4 adjacent lots totaling 10.2 acres. Just under an hour drive from downtown Dallas, Edgewater is THE luxury destination at Cedar Creek Lake. It's platted as 4 adjacent individual lots, so if you want a compound with multiple homes, that works too! Minimum square footage is 1,500 feet, but homes in the neighborhood go to over 4,000 square feet. It's outside city limits for lower taxes ($ 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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