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$1,299,000

2315 S Coit Rd, Celina, TX, 75009

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,588 Sq Ft
price_per_sqft$501.93 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesNone
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size2.06 acres

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-4664-00B-0070-1
Lot Number7
SubdivisionSummerview Country Estates (Gcn)
Land UseResidential
Legal DescriptionSUMMERVIEW COUNTRY ESTATES (GCN), BLK B, LOT 7
Census Tract030307
Assessed Land Value$329,440
Assessed Improvement Value$290,983
Assessment Year2025

About this property

Attention investors and developers! Positioned perfectly on over 80000 sq ft along South Coit Road, this property offers incredible long term value in one of North Texas' fastest growing markets. Located in a high demand sector experiencing rapid residential expansion and current major infrastructure upgrades. This strategic parcel is ideally situated for future commercial rezoning. Covenant removal has been initiated however not completed due to 1 of 12 homeowners not signing agreement. Due to this, covenants cannot be removed until 2030. Can be considered sooner if all residents agree. The property currently features a custom 2588 sq ft, 3 bed, 2.5 bath home with 3 car garage, offering rental income potential while you hold and plan. Capitalize on Celina's explosive commercial trajectory and secure this versatile acreage today. Adjacent acreage on intersection of Coit and Choate currently for sale. 7 Eleven will begin construction on South side of Choate and Coit intersection soon.

Investor Tools

$261,479Estimated Mortgage Balance
$410,521Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

Interested in this property?

John Prell

Creekview Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$929/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,782
$620,423
2025
$329,440
$290,983
$620,423
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,782
$620,423

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Stand Alone First / Home Equity First Lien
$332,800
No
First
Jun 6, 2016
Jul 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,479
$410,521
61%
39%
$1,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$1,996/mo
+$674/mo
4.8%

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: Celina

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2315 S Coit Rd | Property Details | No Agent List