NOT LISTED FOR SALE

2405 Mary Lee Ln Allen, TX 75002

Estimated Value: $1,122,000 - $1,933,000

6.78 Acres
$247,547 Price per Acre
295,119 Sq Ft Lot

Last Sold November 03, 2020

Current estimated payment $10,920/month

144 Days on Market

Highlights

  • Horses Allowed On Property
  • Home fronts a creek
  • Cul-De-Sac
  • Carrie L. Lovejoy Elementary School Rated A+
  • River Front
  • Agricultural

About This Lot

As of November 2020

RARE OPPORTUNITY! Over 6+ acres of a past organic farm set off the main road for maximum privacy, nestled under majestic hardwood trees overlooking the limestone bottomed clear water White Rock Creek in the heart of Lucas awaits! Spectacular building site for DREAM HOME in the award winning Lovejoy ISD. No HOA! Horses welcome. This heavily wooded creek lot welcomes an abundance of wildlife and a Texas Hill Country feel while just minutes from big cities and major highways. One-story homestead on slab comes with the land boasting 1,287 sqft, 2 bedroom & 2 full baths. Peaceful country living includes stars at night and fresh air at no extra charge. Adjacent lot also for sale, with another 4.5 acres available.

Last Agent to Sell the Property

Daniel Harker

Keller Williams Realty DPR License #0435185 Listed on: 04/21/2020

Keller Williams Realty DPR

Last Buyer's Agent

Marie Steilen

Matlock Real Estate Group License #0725616

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,812

Year Built

  • Built in 1975

Lot Details

  • 6.78 Acre Lot
  • Home fronts a creek
  • River Front
  • Property fronts a county road
  • Cul-De-Sac
  • Many Trees

Schools

  • Hart Elementary School
  • Willow Springs Middle School
  • Sloan Creek Middle School
  • Lovejoy High School

Utilities

  • Aerobic Septic System
  • Sewer Not Available

Additional Features

  • Agricultural
  • Horses Allowed On Property

Community Details

  • Coelen Add Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number R225300000101
  • $10,693 per year unexempt tax

Property Details

Property Type

Land

Est. Annual Taxes

$23,812

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Restrictions: Agricultural, Building, Deed, Easement(s)
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Horse Permitted Y N: Yes
  • Special Features: None

Exterior Features

  • Easements: Drainage, Electric, Utilities, Water Lines
  • Soil Type: Unknown
  • Waterfront: Yes
  • RoadFrontageType: County Road
  • RoadSurfaceType: Gravel

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: Aerobic Septic, City Water, Electricity Available, Electricity Connected, Sewer Not Available

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: City Limits, Plat Approved, Utilities Installed, Zoned

Schools

  • School District: Lovejoy ISD
  • Elementary School: Hart
  • Middle School: Willow Springs
  • High School: Lovejoy
  • School District: Lovejoy ISD
  • Elementary School: Hart
  • Intermediate School: Sloan Creek
  • High School: Lovejoy

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 5 to < 10 Acres
  • Lot Features: Acreage, Agricultural, Cul-De-Sac, Many Trees
  • Lot Size Units: Acres
  • Lot Size Area: 6.7750
  • Parcel Number: R225300000101
  • Lot Size Acres: 6.7750
  • Lot Size Sq Ft: 295119.0000
  • Zoning Description: Residential
  • Possible Use: Single Family
  • LandLeaseYN: No

Building Info

  • Year Built: 1975
  • SeniorCommunityYN: No

Tax Info

  • Unexempt Taxes: 10693
  • Tax Lot: 1

Multi Family

  • WaterfrontFeatures: Creek, River Front

MLS Schools

  • MiddleOrJuniorSchool: Willow Springs
  • Middle School Name: Willow Springs
  • Elementary School Name: Hart
  • High School Name: Lovejoy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2021
Sold by
Westfall Development Llc
Bought by
Westfall Michael K and Westfall Amanda H
Current Estimated Value
$1,677,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Outstanding Balance
$680,434
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$953,428

Purchase Details

Listed on
Apr 21, 2020
Closed on
Nov 2, 2020
Sold by
Park Lane Ventures Llc
Bought by
Westfall Development Llc
Seller's Agent
Daniel Harker
Keller Williams Realty DPR
Buyer's Agent
Marie Steilen
Matlock Real Estate Group
List Price
$1,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$1,520,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2019
Sold by
Chp Trust
Bought by
Park Lane Ventures Llc
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
Westfall Michael K -- None Listed On Document
Westfall Development Llc -- None Listed On Document
Park Lane Ventures Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westfall Michael K $752,000
Previous Owner Westfall Development Llc $1,520,000
Previous Owner Park Lane Ventures Llc $188,998
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2020 11/03/20 Sold -- -- --
09/12/2020 09/12/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $1,250,000 -- $971 / 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 $23,812 $1,380,555 $1,016,250 $563,312
2023 $23,812 $691,384 $677,500 $13,884
2022 $8,676 $439,000 $439,000 $0
2021 $10,440 $511,107 $418,356 $92,751
2020 $10,690 $502,412 $418,356 $84,056
2019 $11,233 $502,555 $418,356 $84,199
2018 $11,090 $490,708 $406,500 $84,208
2017 $10,080 $446,032 $406,500 $39,532
2016 $10,182 $447,060 $406,500 $40,560
2015 $5,915 $441,032 $406,500 $34,532
Source: Public Records

Agents Affiliated with this Home

  • Daniel Harker

    Seller's Agent in 2020

    Daniel Harker

    Keller Williams Realty DPR

    (214) 305-2282

    548 Total Sales

    Daniel Harker
    Section Image

  • M

    Buyer's Agent in 2020

    Marie Steilen

    Matlock Real Estate Group

    (469) 499-6036

    33 Total Sales

    Marie Steilen
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14321898

North Texas Real Estate Information Systems (NTREIS)

APN: R-2253-000-0010-1

Texas Collin County Allen 75002

2405 Mary Lee Ln, Allen, TX

This home is located at 2405 Mary Lee Ln, Allen, TX 75002 since 21 April 2020 and is currently estimated at $1,677,132, approximately $1,303 per square foot. This property was built in 1975. 2405 Mary Lee Ln is a home located in Collin County with nearby schools including Carrie L. Lovejoy Elementary School, Joe V. Hart Elementary School, and Sloan Creek Intermediate School.

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