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    • Price Unknown

    7022 County Road 487, Nevada, TX 75173

    2beds
    1,300sqft
    Single Family Residence
    Built in 2004
    5.02 Acres Lot
    $417,200 Zestimate®
    $--/sqft
    $1,782 Estimated rent

    Home value

    $417,200

    $392,000 - $442,000

    $1,782/mo

    Zestimate® history
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    What's special

    Prime real estate acreage near Lake Lavon and short distance to Hwy 78, owner had built his 1 bedroom & another bedroom added recently, 1 bath efficiency inside the massive 30'x90' metal building surrounded by mature crepe myrtle trees and consist approx. well-built 1800sf insulated shop and insulated interior walls and ceiling. Shop has approx. 1400sf and living area approx. 1300sf, plus add-on enclosed patio that has wood burning fireplace, cooking grill connected to a commercial grade vent-a-hood and an underground bunker or tornado shelter. Comfortable primary bedroom and bath and an open living area and kitchen with walls of custom-built cabinets and lots of counter space, stainless steel appliances, new sink and faucet, new countertops and backsplash and ceramic tile floors. Owner recently added hallway and another bedroom with duo closets, plans to upgrade HVAC in living area and bedrooms to split AC heat pump. Living room with decorative lighting. Owner is downsizing from the 11.33 acres but want to keep approx.6.3 acres (including the wind turbine, which the owner can relocate). Approx. dimension of property is 1203' x 182' road frontage from northeastern corner of property. See drawing in NTREIS supplement and aerial photos depicting the total acreage and separation. Currently all the acreage but one acre is under Ag Exempt status, buyer and buyer broker to verify with Collin County about continuation of such agriculture exemption status for the approx. 5 acres, which may require to be replatted and to have a new survey.

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank Lu 0455246 972-771-9001,

    Coldwell Banker Realty 972-771-9001

    Bought with:

    Non-NTREIS MLS Licensee

    NON MLS

    Source: NTREIS,MLS#: 21053080

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    • Dimensions: 15 x 11
    Bedroom
    • Level: First
    • Dimensions: 11 x 11
    Primary bathroom
    • Features: Garden Tub/Roman Tub, Separate Shower
    • Level: First
    • Dimensions: 11 x 8
    Breakfast room nook
    • Level: First
    • Dimensions: 10 x 10
    Kitchen
    • Features: Built-in Features, Eat-in Kitchen
    • Level: First
    • Dimensions: 18 x 8
    Living room
    • Level: First
    • Dimensions: 18 x 13
    Heating
    • Electric, Floor Furnace, Other
    Cooling
    • Window Unit(s), WallWindow Unit(s)
    Appliances
    • Included: Dishwasher, Electric Range
    Features
    • Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Open Floorplan
    • Flooring: Concrete, Tile
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Other, Wood Burning
    Interior area
    • Total interior livable area: 1,300 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking, Covered, Driveway, Electric Gate, Garage Faces Front, Garage, Garage Door Opener, Workshop in Garage
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Body of water: Lavon
    Lot
    • Size: 5.02 Acres
    • Dimensions: 182' x 1203'
    • Features: Acreage, Pasture, Few Trees
    Details
    • Additional structures: See Remarks, Workshop
    • Parcel number: R633800302801

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Barndominium,Detached
    • Property subtype: Single Family Residence
    Materials
    • Metal Siding, Wood Siding
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Year built: 2004

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Community/Coop
    • Utilities for property: Electricity Available, Electricity Connected, Overhead Utilities, Septic Available, Separate Meters, Water Available

    Community & HOA

    Community
    • Subdivision: M I Geminez Survey, Sheet 3, Tract 28
    HOA
    • Has HOA: No
    Location
    • Region: Nevada

    Financial & listing details

    • Tax assessed value: $509,363
    • Annual tax amount: $1,222
    • Date on market: 9/6/2025
    • Cumulative days on market: 66 days
    • Listing terms: Cash,Conventional,Federal Land Bank,VA Loan
    • Exclusions: 1972 Dynamo custom fitted foosball table with matching hanging light, entertainment cabinets and hutch.
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    11/20/2025Sold--
    Source: NTREIS #21053080 Report a problem
    11/4/2025Pending sale$499,000$384/sqft
    Source: NTREIS #21053080 Report a problem
    10/27/2025Contingent$499,000$384/sqft
    Source: NTREIS #21053080 Report a problem
    9/6/2025Price change$499,000-35.6%$384/sqft
    Source: NTREIS #21053080 Report a problem
    8/18/2025Listed for sale$775,000$596/sqft
    Source: NTREIS #20921150 Report a problem
    7/29/2025Listing removed$775,000$596/sqft
    Source: NTREIS #20921150 Report a problem
    5/1/2025Listed for sale$775,000$596/sqft
    Source: NTREIS #20921150 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$107 $451,458 +9.5%
    2024-- $412,355 +1.8%
    2023$88 -65.1%$404,911 +22.3%
    2022$250 +3.7%$331,084 +46%
    2021$241 +4.8%$226,745 +7.4%
    2020$230 +3.1%$211,186 +1.6%
    2019$224 -3.3%$207,867 +272.1%
    2018$231 +1.1%$55,866 -72.8%
    2017$229 $205,617 +17.8%
    2016$229 -36.5%$174,491 +3.6%
    2015$360 $168,500
    Find assessor info on the county website

    Neighborhood: 75173

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Nesmith
    • Middle: Leland Edge
    • High: Community
    • District: Community ISD

    Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $417,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $417,200

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