NOT LISTED FOR SALE

3503 Fm 2940 Rising Star, TX 76471

Estimated Value: $2,003,815

573.75 Acres
$3,492 Price per Acre
24,992,550 Sq Ft Lot

Last Sold July 08, 2021

Current estimated payment $11,124/month

412 Days on Market

Highlights

  • Lake Front
  • Oak Trees
  • 573.75 Acre Lot
  • Barn or Stable
  • Home fronts a creek
  • Hilly Lot

About This Lot

As of July 2021

573.75 +- contiguous acres better know as the Kilgore Ranch is being offered for sale for the first time in generations. This family heritage ranch has lots to offer with its main attraction being a 20+- Acre private Lake. The lake is fed by Paint Creek and has a new and improved spillway that is sure to last for generations. The lake is loaded with fish and offers fantastic duck hunting. The ranch house sits above the lake with spectacular views of the water from inside and out. The home is a 3 bedroom 2 bath with a guest house near by. The land has rolling topography and covered in Live Oaks, Post Oaks and other hardwoods. There are several other nice size surface water tanks and rural water to the house.

Last Agent to Sell the Property

Josh Stegemoller

Donnie Stegemoller, REALTORS® License #0470512 Listed on: 04/17/2020

Last Buyer's Agent

Josh Stegemoller

Donnie Stegemoller, REALTORS® License #0470512 Listed on: 04/17/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,373

Year Built

  • Built in 2002

Lot Details

  • 573.75 Acre Lot
  • Home fronts a creek
  • Lake Front
  • Barbed Wire
  • Brush Vegetation
  • Lot Has A Rolling Slope
  • Sprinkler System
  • Hilly Lot
  • Rugged
  • Oak Trees
  • Mesquite Trees
  • Many Trees
  • Land Lease
  • Zoning described as Not Zoned

Property Views

  • Lake Views

Home Design

  • Ranch Property

Schools

  • May Elementary And Middle School
  • May High School

Farming

  • 4 Stock Tanks or Ponds
  • Agricultural Exemption
  • 574 Acres of Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Barn or Stable

Utilities

  • Property is located within a water district
  • Co-Op Water
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 000000027534
  • $5,266 per year unexempt tax

Community Details

Overview

  • Nb Mitchell Subdivision

Recreation

  • 1 Lake
  • Lake Pump
  • Covered Patio or Porch
  • Outdoor Storage

Property Details

Property Type

Land

Est. Annual Taxes

$5,373

Year Built

Built in 2002

Lot Details

0

Listing Details

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

Exterior Features

  • Easements: Access, Electric, Utilities, Water Lines
  • Fencing: Barbed Wire
  • Pasture Acres: 573.75
  • Surface Rights: Mineral Easement
  • Exterior Features: Covered Patio/Porch, Storage
  • Number Of Lakes: 1
  • Number Of Tanks And Ponds: 4
  • Waterfront: Yes
  • Patio And Porch Features: Covered
  • RoadFrontageType: FM Road
  • RoadSurfaceType: Asphalt

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: Co-op Water, Electricity Available, Individual Water Meter, Rural Water District, Septic

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Unzoned

Schools

  • School District: May ISD
  • Elementary School: May
  • Middle School: May
  • High School: May
  • School District: May ISD
  • Elementary School: May
  • High School: May

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Over 100 Acres
  • Lot Features: Acreage, Brush, Hilly, Many Trees, Mesquite, Oak, Other, Rolling Slope, Rugged, Sprinkler System, Tank/ Pond, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 573.7500
  • Parcel Number: 000000027534
  • Lot Size Acres: 573.7500
  • Lot Size Sq Ft: 24992550.0000
  • Assessor Parcel Number 2: 25706
  • Zoning Description: Not Zoned
  • Possible Use: Cattle, Hunting/Fishing
  • Present Use: Cattle, Hunting/Fishing
  • LandLeaseYN: Yes

Building Info

  • Year Built: 2002

Tax Info

  • Unexempt Taxes: 5266

Multi Family

  • WaterfrontFeatures: Creek, Lake Front

MLS Schools

  • MiddleOrJuniorSchool: May
  • Middle School Name: May
  • Elementary School Name: May
  • High School Name: May

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Jul 7, 2021
Sold by
Gayle Broadbent Johnnye and Gayle Thomas
Bought by
Paint Creek Lakes Ranch Llc
Seller's Agent
Josh Stegemoller
Donnie Stegemoller, REALTORS®
Buyer's Agent
Josh Stegemoller
Donnie Stegemoller, REALTORS®
List Price
$2,230,500
Current Estimated Value
$2,003,815
Source: Public Records

Range of Values:

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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
Paint Creek Lakes Ranch Llc -- Haynes Law Firm Pc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold -- -- --
06/03/2021 06/03/21 Pending -- -- --
07/23/2020 07/23/20 Price Changed $1,989,000 -10.8% $577 / Sq Ft
04/17/2020 04/17/20 For Sale $2,230,500 -- $647 / 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 $5,373 $3,040,100 $2,664,110 $375,990
2023 $5,082 $421,720 $0 $0
2022 $5,633 $402,500 $0 $0
2021 $6,011 $0 $0 $0
2020 $5,588 $0 $0 $0
2019 $5,506 $0 $0 $0
2018 $4,772 $0 $0 $0
2017 $4,715 $0 $0 $0
2016 $4,577 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14324811

North Texas Real Estate Information Systems (NTREIS)

APN: 27534