NOT LISTED FOR SALE

562 Garrett Rd Whitewright, TX 75491

Estimated Value: $1,574,291

47.96 Acres
$32,828 Price per Acre
2,088,963 Sq Ft Lot

Last Sold September 28, 2023

Current estimated payment $8,950/month

62 Days on Market

Highlights

  • Horses Allowed On Property
  • Oak Trees
  • 47.96 Acre Lot
  • Tom Bean Elementary School Rated A-
  • RV Hookup
  • Hilly Lot

About This Lot

As of September 2023

GREAT INVESTMENT! MULTIPLE USES! This picturesque 48-Acre property just minutes from Sherman and McKinney has it all, including ELECTRIC, WATER, and an AG EXEMPTION in place!! Offering a stunning mix of Rolling Hills, Meadows and Wooded Areas, this sprawling acreage with its turnkey Barndominium lends itself to endless possibilities: Family Estate, Private Weekend Retreat, Recreational, Agriculture or Investment. Recent improvements leave nothing for you to do but to move in and begin enjoying the great outdoors. Key Features include: 40'x60' Air Conditioned-Heated Steel Building built in 2019 with appx. 1000 sf of Living Space built in 2022, Automatic Gate and Private Drive, Cleared and Leveled Hilltop Site with Picturesque Western Views for a future home, Separate Electric Pole for future home site, RV Electrical Hookup, Septic System, Hay Pasture with Separate Gate Access, Water Well, Mature Trees, Wildlife and Multiple Trails to explore. This property is a MUST SEE!

Last Agent to Sell the Property

Jo Smith

Keller Williams Prosper Celina Brokerage Phone: 972-382-8882 License #0631543 Listed on: 05/08/2023

Keller Williams Prosper Celina

Last Buyer's Agent

Rusty Pierce

RE/MAX DFW Associates V License #0482446

RE/MAX DFW Associates V

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,462

Year Built

  • Built in 2019

Lot Details

  • 47.96 Acre Lot
  • Property fronts a county road
  • Private Entrance
  • Gated Home
  • Barbed Wire
  • Brush Vegetation
  • Level Lot
  • Hilly Lot
  • Cleared Lot
  • Oak Trees
  • Heavily Wooded Lot
  • Cedar Trees
  • Many Trees
  • 2 Lots in the community
  • Zoning described as Not zoned. Outside any city limits or ETJ

Parking

  • RV Hookup

Home Design

  • Ranch Property

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

  • Tom Bean Elementary And Middle School
  • Tom Bean High School

Farming

  • 1 Stock Tank or Pond
  • Agricultural Exemption
  • Agricultural
  • Pasture

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric
  • No City Services
  • Co-Op Water
  • Well
  • Septic Tank

Additional Features

  • Outside City Limits
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 130019

Property Details

Property Type

Land

Est. Annual Taxes

$4,462

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Ranch
  • Restrictions: No Known Restriction(s)
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: Audio, Video
  • Will Subdivide: No
  • Agricultural Exemption YN: Yes
  • Horse Permitted Y N: Yes
  • Attribution Contact: 972-382-8882
  • Special Features: None

Exterior Features

  • Easements: Electric, Utilities
  • Fencing: Barbed Wire, Gate
  • Soil Type: Unknown
  • Topography: Varied: Rolling Hills, Pasture Land, Trails, Clearings for Future Building
  • Exterior Features: Covered Patio/Porch, Lighting, Private Entrance, RV Hookup, Storage
  • Number Of Tanks And Ponds: 1
  • RoadFrontageType: County Road

Garage/Parking

  • Cooling System: Central Air, Electric

Utilities

  • Heating: Central, Electric
  • Utilities: Co-op Electric, Co-op Water, Electricity Available, Electricity Connected, Gravel/Rock, Outside City Limits, Septic, Well, No City Services
  • Number Of Wells: 1

Condo/Co-op/Association

  • Association Type: None

Association/Amenities

  • DevelopmentStatus: Unzoned

Schools

  • School District: Tom Bean ISD
  • Elementary School: Tom Bean
  • Middle School: Tom Bean
  • High School: Tom Bean
  • School District: Tom Bean ISD
  • Elementary School: Tom Bean

Lot Info

  • Lot Size: 10 to < 50 Acres
  • Lot Features: Acreage, Agricultural, Cleared, Hilly, Level, Many Trees, Cedar, Oak, Pasture, Rolling Slope, Sloped, Tank/ Pond, Varied
  • Lot Size Units: Acres
  • Lot Size Area: 47.9560
  • Parcel Number: 130019
  • Lot Size Acres: 47.9560
  • Lot Size Sq Ft: 2088963.3600
  • Assessor Parcel Number 2: 130064
  • Zoning Description: Not zoned. Outside any city limits or ETJ
  • Possible Use: Agricultural, Commercial, Development, Horses, Investment, Orchards/Vineyards, Pasture, Place of Worship, Ranch, Recreational, Residential, Resort, Sheep/Goats, Single Family, Timber
  • Present Use: Agricultural, Crops, Residential
  • LandLeaseYN: No

Building Info

  • Year Built: 2019

Multi Family

  • Number Of Lots: 2

Tax Info

  • Special Taxing Entities: No

MLS Schools

  • Middle School Name: Tom Bean
  • Elementary School Name: Tom Bean
  • High School Name: Tom Bean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Sep 28, 2023
Sold by
Owen Coby and Owen Cinda
Bought by
Blake Jason Philip and Blake Shannon Shari
Seller's Agent
Jo Smith
Keller Williams Prosper Celina
Buyer's Agent
Rusty Pierce
RE/MAX DFW Associates V
List Price
$1,648,000
Views
19
Current Estimated Value
$1,574,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.10%
Original Mortgage
$1,120,000
Outstanding Balance
$1,102,925
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$471,943
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Blake Jason Philip -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Jason Philip $1,120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold -- -- --
07/09/2023 07/09/23 Pending -- -- --
07/06/2023 07/06/23 Price Changed $1,572,000 -4.6% --
05/08/2023 05/08/23 For Sale $1,648,000 -- --
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
2025 $4,462 $292,263 $30,655 $261,608
2024 $4,462 $324,488 $0 $0
2023 $1,974 $143,326 $22,754 $120,572
2022 $1,963 $123,965 $14,785 $109,180
2021 $1,142 $65,966 $9,662 $56,304
2020 $1,029 $54,859 $2,535 $52,324
2019 $52 $2,744 $2,744 $0
2016 $60 $3,107 $3,107 $0
2015 $0 $262,687 $262,687 $0
2014 -- $2,307 $2,307 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20277905

North Texas Real Estate Information Systems (NTREIS)

APN: 130019