NOT LISTED FOR SALE

1400 County Road 561 Princeton, TX 75407

Estimated Value: $920,000 - $1,316,587

1 Acre
$1,098,196 Price per Acre
43,560 Sq Ft Lot

Last Sold October 28, 2022

Current estimated payment $6,291/month

60 Days on Market

About This Lot

As of October 2022

Choose your builder and build your dream home on this easy to build acreage lot. No city taxes or HOA. Sit on your porch and watch the beautiful sunsets or grazing deer. Just around the corner, enjoy boating, picnics, fishing, hiking and off-road bicycling at Lake Lavon and Sister Grove Park. Close to Princeton and easy access to HWY 380 and shopping, hospitals, dining and entertainment. Paved County Road frontage (130' for 1-acre or 260' for 2-acre) with water and electricity at the road. Septic required. Land is currently Ag and must be surveyed. Owner has additional land available. No Mobile Homes. This listing is ONLY for a portion of the land that is subset of the 30 acres at 1400 CR 561, and the land will need to be surveyed, platted and addressed later

Last Agent to Sell the Property

Tod Franklin

DFWCityhomes License #0540728 Listed on: 04/24/2022

Last Buyer's Agent

Bill Jordan

WILLIAM DAVIS REALTY License #0335727

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,698

Lot Details

  • 1 Acre Lot
  • Zoning described as Agricultural

Home Design

  • Ranch Property

Schools

  • Farmersville Elementary And Middle School
  • Farmersville High School

Utilities

  • Sewer Not Available
  • Phone Available

Additional Features

  • Outside City Limits
  • Agricultural Exemption

Listing and Financial Details

  • Assessor Parcel Number R693600515601
  • Tax Block 5
  • $7,890 per year unexempt tax

Property Details

Property Type

Land

Est. Annual Taxes

$3,698

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Ranch
  • Restrictions: No Mobile Home
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Agricultural Exemption YN: Yes
  • Special Features: None

Exterior Features

  • Easements: None

Utilities

  • Utilities: Asphalt, Outside City Limits, Phone Available, No Sewer

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Streets Installed, Utilities Installed

Schools

  • School District: Farmersville ISD
  • Elementary School: Farmersville
  • High School: Farmersville
  • School District: Farmersville ISD
  • Junior High School: Farmersville

Lot Info

  • Lot Size: 1 to < 3 Acres
  • Lot Features: Acreage
  • Lot Size Units: Acres
  • Lot Size Area: 1.0000
  • Parcel Number: R693600515601
  • Lot Size Acres: 1.0000
  • Lot Size Sq Ft: 43560.0000
  • Zoning Description: Agricultural
  • Present Use: Agricultural

Multi Family

  • Number Of Lots: 1

Tax Info

  • Unexempt Taxes: 7890
  • TaxBlock: 5

MLS Schools

  • Elementary School Name: Farmersville
  • High School Name: Farmersville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2022
Closed on
Oct 27, 2022
Sold by
Crank Jimmy N
Bought by
Reed Debra Hamilton
Seller's Agent
Tod Franklin
DFWCityhomes
Buyer's Agent
Bill Jordan
WILLIAM DAVIS REALTY
List Price
$189,000
Views
25
Current Estimated Value
$1,098,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
86.91%
Original Mortgage
$148,500
Outstanding Balance
$131,668
Interest Rate
5.21%
Mortgage Type
New Conventional
Estimated Equity
$971,115

Purchase Details

Closed on
May 8, 1998
Sold by
Clark William K and Clark Mildred Jo
Bought by
Crank Jimmy N and Crank Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Reed Debra Hamilton -- --
Crank Jimmy N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Debra Hamilton $148,500
Previous Owner Crank Jimmy N $139,000
Previous Owner Crank Jimmy N $280,000
Previous Owner Crank Jimmy N $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold -- -- --
06/23/2022 06/23/22 Pending -- -- --
04/24/2022 04/24/22 For Sale $189,000 -- $52 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,698 $380,522 $26,540 $470,330
2023 $3,698 $344,168 $26,646 $317,522
2022 $8,218 $539,849 $22,958 $527,243
2021 $7,890 $721,332 $240,000 $481,332
2020 $6,936 $722,579 $240,000 $482,579
2019 $6,811 $430,506 $0 $0
2018 $6,259 $393,166 $0 $0
2017 $5,731 $683,098 $0 $0
2016 $5,495 $599,572 $0 $0
2015 $3,934 $536,679 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tod Franklin

    Seller's Agent in 2022

    Tod Franklin

    DFWCityhomes

    (214) 207-0210

    593 Total Sales

    Tod Franklin
    Section Image
  • Bill Jordan

    Buyer's Agent in 2022

    Bill Jordan

    WILLIAM DAVIS REALTY

    (214) 621-9689

    8 Total Sales

    Bill Jordan
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20036561

North Texas Real Estate Information Systems (NTREIS)

APN: R-12781-00A-0030-1

Texas Collin County Princeton 75407

1400 County Road 561, Princeton, TX

This home is located at 1400 County Road 561, Princeton, TX 75407 since 24 April 2022 and is currently estimated at $1,098,196, approximately $299 per square foot. 1400 County Road 561 is a home located in Collin County with nearby schools including Tatum Elementary School, Farmersville Intermediate School, and Farmersville J High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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