Tremendous development opportunity or 1031 candidate. This 3 acre hard corner is right in the middle of the growth in the area. Ideal location for a retail development. This area is in great need of retail from coffee shops to clothing. 3 acres is the right size for a shopping center. However, there are no known restrictions on the property, so it could be developed into anything as it is in the county. If you need sewer, then you would need to annex into the city. Sewer is all around this property. The old structures on the property have been removed, so now it's just land. Seller financing is available.
Lot/land
$2,495,000
5551 Fm 982, Princeton, TX 75407
--beds
--baths
3.04Acres
Unimproved Land
Built in 1965
3.04 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 50 days |
- 22 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
David Gloria 0408427 214-509-0808,
Ebby Halliday, Realtors 214-509-0808
Source: NTREIS,MLS#: 21271034
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 3.04 Acres
- Features: Acreage, Corner Lot
Details
- Parcel number: R689000420101
- Zoning description: Unzoned. In the county
Utilities & green energy
- Water: Community/Coop
- Utilities for property: Electricity Available, Overhead Utilities, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Sd Terry Surv Abs #890
HOA
- Has HOA: No
Location
- Region: Princeton
Financial & listing details
- Tax assessed value: $837,823
- Annual tax amount: $12,046
- Date on market: 5/18/2026
- Listing terms: Cash,Conventional,1031 Exchange,Lease Option,Owner Will Carry
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $2,495,000+185.1% |
Source: NTREIS #21271034 Report a problem | ||
| 10/1/2024 | Sold | -- |
Source: NTREIS #20690414 Report a problem | ||
| 8/15/2024 | Contingent | $875,000 |
Source: NTREIS #20690414 Report a problem | ||
| 8/1/2024 | Listed for sale | $875,000 |
Source: NTREIS #20690414 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,046 +432.6% | $837,823 +248.3% |
| 2024 | $2,262 -18.5% | $240,532 -10.2% |
| 2023 | $2,776 | $267,951 +13.6% |
| 2022 | -- | $235,961 +17.9% |
| 2021 | $3,045 +0.2% | $200,181 +0.9% |
| 2020 | $3,038 -2% | $198,315 +3.2% |
| 2019 | $3,101 +16.2% | $192,173 +17.2% |
| 2018 | $2,669 +33.1% | $164,039 +17.8% |
| 2017 | $2,005 | $139,253 +9.9% |
| 2016 | $2,005 +5.9% | $126,765 -0.2% |
| 2015 | $1,893 | $126,957 +14.5% |
| 2014 | $1,893 | $110,894 +39.4% |
| 2013 | -- | $79,543 0% |
| 2012 | -- | $79,547 -5.5% |
| 2011 | -- | $84,146 -2.5% |
| 2010 | -- | $86,314 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75407
Nearby schools
GreatSchools rating
- 5/10MAYFIELD ELGrades: PK-5Distance: 1 mi
- 6/10Mattei MiddleGrades: 6-8Distance: 2.1 mi
- 5/10Princeton High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: James
- Middle: Mattei
- High: Lovelady
- District: Princeton ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Collin County
- Princeton
- 75407
- 5551 Fm 982
Nearby cities
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