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$1,494,495

NAL Estimated Property Value

2997 County Road 494, Princeton, TX, 75407

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size33.21 acres

Land Information

APNR-6472-002-0170-1
Lot Number17
SubdivisionThos Jouett Survey
Land UseAgriculture / Farming
Legal DescriptionABS A0472 THOS JOUETT SURVEY, SHEET 2, TRACT 17, 33.211 ACRES
Census Tract030101
Assessed Land Value$1,494,495
Assessment Year2025

About this property

This property has absolutely amazing building sites with seclusion and great views. The property is in grass with many trees and easy to drive. The seller has put out flags so you won't miss any part of it. Three ponds are scattered on the property. There is a well which is not in use. Electricity and water lines are to the property. They have Verona water and Fannin County Electricity. This property is fenced. An ideal place to build several homes with privacy for each. The owner says lots of deer. The Corps of Engineers laps the back of the property. There is a creek following the boundary of part of the property. See the survey for details. The property produces a healthy hay crop. See drone video

Investor Tools

Property Icon
$1,494,495
Estimated Property Value
$555,082Estimated Mortgage Balance
$939,413Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,967 /month
Positive
Cash Flow Estimate:
$2,989 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$627/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$46
$1,494,495
2025
$1,494,495
N/A
$1,494,495
No

Tax History

Year
Tax Paid
Assessed Value
2024
$46
$1,494,495

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Commercial
$600,000
No
First
May 13, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$555,082
$939,413
62%
37%
$3,598/mo

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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2997 County Road 494 | Property Details | No Agent List