NOT LISTED FOR SALE

3502 Terrace Way Celina, TX 75009

Light Farms Neighborhood

Estimated Value: $1,041,000 - $1,146,469

5 Beds
5.5 Baths
4,841 Sq Ft
$223/Sq Ft Est. Value

Last Sold April 23, 2021

Current estimated payment $7,967/month

7 Days on Market

Highlights

  • Boat Dock
  • Outdoor Pool
  • Clubhouse
  • Light Farms Elementary School Rated A-
  • Community Lake
  • Traditional Architecture

About This Home

As of April 2021

GORGEOUS Shaddock home located in the highly sought after, resort style Master Planned Community of Light Farms! Light, bright open and airy floorplan creates the perfect space for entertaining and daily living! The backyard oasis makes you feel like you're on vacation in your own backyard! PROSPER ISD! Don't miss all the community has to offer! Hiking & biking trails, playgrounds & pocket parks, greenbelts, picnic areas & a community lawn for events & outdoor activities. 5 pools. state-of-the-art fitness center, tennis & pickle ball courts, basketball, sand volleyball, bocce ball, a 90 acre park with 11 acre lake & sanded beach entry, dog park & dog launch, kayak rentals, campsites, &outdoor event pavilion!

Last Agent to Sell the Property

Danielle Durbin

SevenHaus Realty License #0692360 Listed on: 03/22/2021

Co-Listed By

Daniel Durbin

SevenHaus Realty License #0712588

Last Buyer's Agent

Boo Reitz

EXIT REALTY ELITE License #0679264

EXIT REALTY ELITE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,418

Year Built

  • Built in 2014

Lot Details

  • 0.27 Acre Lot
  • Wood Fence
  • Landscaped
  • Interior Lot
  • Sprinkler System
  • Few Trees

HOA Fees

  • $135 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 4,841 Sq Ft Home
  • 2-Story Property
  • Wired For A Flat Screen TV
  • Ceiling Fan
  • Decorative Lighting
  • Gas Log Fireplace

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Thermostat

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch

Schools

  • Light Farms Elementary School
  • Reynolds Middle School
  • Prosper High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Municipal Utilities District for Water and Sewer
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number R1040200N00501
  • $19,031 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities, ground maintenance, maintenance structure, management fees
  • Insight Association Management HOA, Phone Number (214) 494-6002
  • Light Farms Ph One Subdivision
  • Mandatory home owners association
  • Electric Vehicle Charging Station
  • Community Lake
  • Greenbelt

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,418

Year Built

Built in 2014

Lot Details

0

HOA Fees

$135 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Security: Fire Alarm, Security System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 180.74778
  • Special Features: None
  • Year Built: 2014

Interior Features

  • Square Footage: 4841.00
  • Fireplace Features: Gas Logs, Gas Starter
  • Interior Amenities: Decorative Lighting, Flat Screen Wiring, High Speed Internet Available
  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Plumbed for Ice Maker
  • Fireplaces: 1
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 2

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Pool: Yes
  • Foundation: Slab
  • Community Features: Club House, Community Dock, Community Pool, Community Sprinkler, Electric Car Charging Station, Greenbelt, Jogging Path/Bike Path, Lake, Playground, Tennis Court(s)
  • Fencing: Wood
  • Roof: Composition
  • Soil Type: Unknown
  • Construction Materials: Brick, Rock/Stone
  • Exterior Features: Covered Patio/Porch
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric, Zoned
  • Garage Spaces: 3
  • Total Covered Spaces: 3
  • Parking Features: Garage Door Opener, Garage Faces Front
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas, Zoned
  • Utilities: Curbs, Individual Gas Meter, Individual Water Meter, MUD Sewer, MUD Water

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Grounds, Maintenance Structure, Management Fees
  • Association Fee: 135
  • Association Fee Frequency: Monthly
  • Association Type: Mandatory
  • Hoa Management Company: Insight Association Management
  • HOA Management Company: 214-494-6002

Schools

  • School District: Prosper ISD
  • Elementary School: Light Farms
  • Middle School: Reynolds
  • High School: Prosper
  • School District: Prosper ISD
  • Elementary School: Light Farms
  • High School: Prosper

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Interior Lot, Landscaped, Sprinkler System, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 0.2680
  • Parcel Number: R1040200N00501
  • Lot Size Acres: 0.2680
  • Lot Size Sq Ft: 11674.0800

Green Features

  • Efficiency: Appliances, Thermostat
  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 2014
  • SeniorCommunityYN: No

Tax Info

  • Unexempt Taxes: 19031
  • Tax Lot: 5

MLS Schools

  • MiddleOrJuniorSchool: Reynolds
  • Middle School Name: Reynolds
  • Elementary School Name: Light Farms
  • High School Name: Prosper

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
Apr 23, 2021
Sold by
Ballou Lawrence Kirk and Ballou Jennifer
Bought by
Alvarez Amber Johnson
Seller's Agent
Danielle Durbin
SevenHaus Realty
Buyer's Agent
Boo Reitz
EXIT REALTY ELITE
List Price
$825,000
Current Estimated Value
$1,079,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$548,250
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2014
Sold by
Shaddock Homes Ltd
Bought by
Ballou Lawrence Kirk and Ballou Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,800
Interest Rate
4.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 29, 2014
Sold by
Lfc Development Company I Llc
Bought by
Shaddock Homes Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.49%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Alvarez Amber Johnson -- None Listed On Document
Ballou Lawrence Kirk -- Capital Title
Shaddock Homes Ltd -- Capital Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Amber $545,284
Closed Alvarez Amber Johnson $548,250
Closed Alvarez Amber Johnson $240,250
Previous Owner Ballou Lawrence K $380,000
Previous Owner Ballou Lawrence Kirk $162,807
Previous Owner Ballou Lawrence Kirk $83,800
Previous Owner Ballou Lawrence Kirk $417,000
Previous Owner Shaddock Homes Ltd $428,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold -- -- --
03/29/2021 03/29/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $825,000 -- $170 / 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 $23,418 $1,032,138 $220,000 $812,138
2023 $23,418 $1,051,222 $198,000 $853,222
2022 $25,743 $961,259 $176,000 $785,259
2021 $20,015 $725,301 $143,000 $582,301
2020 $19,562 $680,543 $143,000 $537,543
2019 $18,667 $626,000 $121,500 $504,500
2018 $18,681 $624,341 $121,500 $502,841
2017 $12,229 $629,669 $108,000 $521,669
2016 $18,928 $628,928 $108,000 $520,928
2015 $1,808 $597,733 $108,000 $489,733
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Danielle Durbin

    SevenHaus Realty

    (972) 884-5093

    160 in this area

    298 Total Sales

    Danielle Durbin
    Section Image

  • D

    Seller Co-Listing Agent in 2021

    Daniel Durbin

    SevenHaus Realty

    (214) 906-9450

    122 in this area

    193 Total Sales

    Daniel Durbin
    Section Image

  • B

    Buyer's Agent in 2021

    Boo Reitz

    EXIT REALTY ELITE

    (469) 951-6743

    2 in this area

    211 Total Sales

    Boo Reitz
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14537490

North Texas Real Estate Information Systems (NTREIS)

APN: R-10402-00N-0050-1

Texas Collin County Celina 75009 Light Farms

3502 Terrace Way, Celina, TX

This home is located at 3502 Terrace Way, Celina, TX 75009 since 22 March 2021 and is currently estimated at $1,079,117, approximately $222 per square foot. This property was built in 2014. 3502 Terrace Way is a home located in Collin County with nearby schools including Light Farms Elementary School, Reynolds Middle School, and Prosper 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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