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$241,000

NAL Estimated Property Value

1489 Nature Way, Princeton, TX, 75407

$313,300 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,673 Sq Ft
price_per_sqft$170.35 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Refrigerator
FlooringCarpet, Laminate, Linoleum

Exterior

Lot Size1 acre

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-6950-001-0670-1
Lot Number67
SubdivisionIsaac Walters Survey
Land UseResidential
Legal DescriptionABS A0950 ISAAC WALTERS SURVEY, SHEET 1, TRACT 67, 1.0 ACRES
Census Tract031005
Assessed Land Value$115,000
Assessed Improvement Value$68,844
Assessment Year2025

About this property

PRIVACY ON 1 ACRE WITH NO HOA OR CITY TAXES! A tranquil retreat from the city with no neighbors in front or behind you. This 3 BR, 2 BA home has a full mother-in-law suite with 2nd kitchen and living area with a private entrance. This area could also be used as the master retreat with it's own bedroom and bath. Secondary bedrooms and second bath are on the opposite end of house with the main living and kitchen areas. There is a large utility room and a additional room in the center which could easily be used as a study or additional bedroom. With some updating this property has potential to be your dream home. Enjoy the views while sitting on the back covered patio that spans almost the entire length of the home and has 4 ceiling fans. The property is tucked under tons of trees and backs to 19 acres of Corp Of Engineer land that is accessible for hiking & riding horses! Great opportunity for buyers looking to remodel to their taste. Both refrigerators convey. Located just 20 minutes from downtown McKinney and 5 minutes from Lake Lavon. Property being sold is an Estate Sale.

Investor Tools

Property Icon
$241,000
Estimated Property Value
$0Estimated Mortgage Balance
$241,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$313,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$110/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$112
$183,844
2025
$115,000
$68,844
$183,844
No

Tax History

Year
Tax Paid
Assessed Value
2024
$112
$183,844

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Salem
Credit Line (Revolving) / Heloc
$190,500
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$241,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
N/A
+$1,710/mo
8.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Princeton

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1489 Nature Way | Property Details | No Agent List