$1,995,000
$955K PRICE DROP

3980 McDonald Rd Tyler, TX 75701

Estimated payment $12,903/month

Total Views 12,885
18.96 Acres
$105,222 Price per Acre
825,898 Sq Ft Lot

About This Lot

Land for sale in south east Tyler. The best use of this property would be for multi-family residential development, perfect for student housing at only 0.3 miles from UT Tyler.

According to the City of Tyler’s Unified Development Code, the maximum density allowable for the subject property would be 455 units. If specific reliance is required, confirmation from the City of Tyler’s Planning and Zoning Department should be acquired.

Dirt work is substantially completed.
City Services Available.
Approximately 0.3 miles from UT Tyler.
Chapel Hill ISD.

Listing Agent

Matthew Marshall

Drake Real Estate & Investment Brokerage Phone: 903-581-3737 License #0544812 Listed on: 09/05/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $27,292

Lot Details

  • 18.96 Acre Lot
  • Interior Lot
  • Irregular Lot
  • Cleared Lot
  • Zoning described as PMF - Planned Multifamily

Schools

  • Chapelhill Elementary School
  • Chapelhill High School

Community Details

  • Texas Student Housing Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number R205446

Property Details

Property Type

Land

Est. Annual Taxes

$27,292

Lot Details

0

Listing Details

  • OWNERNAME: WESTMERE CAPITAL LLC
  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Attribution Contact: 903-581-3737
  • Co List Office Mls Id: DRAK01
  • Special Features: None

Exterior Features

  • RoadFrontageType: City Street

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available

Association/Amenities

  • DevelopmentStatus: Zoned

Schools

  • Elementary School: Chapelhill
  • High School: Chapelhill
  • Junior High Dist: Chapel Hill ISD

Lot Info

  • PossibleUse: Commercial, Development, Multi-Family, See Remarks
  • Lot Features: Acreage, Cleared, Interior Lot, Irregular Lot
  • Lot Size Units: Acres
  • Lot Size Area: 18.96
  • Parcel Number: R205446
  • Lot Size Acres: 18.96
  • Lot Size Sq Ft: 825897.6
  • Zoning Description: PMF - Planned Multifamily

MLS Schools

  • MiddleOrJuniorSchool: Chapelhill

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

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 $27,292 $1,445,321 $1,445,321 $0
2023 $23,393 $1,238,846 $1,238,846 $0
2022 $22,304 $1,238,846 $1,238,846 $0
2021 $23,450 $1,238,846 $1,238,846 $0
2020 $10,472 $536,833 $536,833 $0
2019 $10,799 $536,833 $536,833 $0
2018 $12,388 $619,423 $619,423 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $1,995,000 -32.4% --
09/05/2023 09/05/23 For Sale $2,950,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Trustee Deed $1,527,562 None Available
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20424010

North Texas Real Estate Information Systems (NTREIS)

APN: 1-50000-1445-05-001010