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$1,353,708

NAL Estimated Property Value

3121 County Road 494, Princeton, TX, 75407

Off MarketInfo
Baths1,798 Sq Ft
Year BuiltBuilt in 1918

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesStorage, Garden
Lot Size18.72 acres

Building Information

Year Built1918
Stories2
Roof Type105

Land Information

APNR-6472-001-0300-1
Lot Number30
SubdivisionThos Jouett Survey
Land UseResidential
Legal DescriptionABS A0472 THOS JOUETT SURVEY, SHEET 1, TRACT 30, 18.721 ACRES
Census Tract030101
Assessed Land Value$1,123,260
Assessed Improvement Value$230,448
Assessment Year2025

About this property

Nestled atop this natural peak of Collin County, this gated acreage exudes multiple opportunities. There are several ideal building sites to realize your dreams of country living at its finest. Enjoy the natural beauty that offers a serene duck pond, chicken coop and garden area cater to the hobbyist farmer within. Additional features are 3 two car carport, insulated storage building with electricity and loft space at each end. TV and broad band antenna. This all electric home could be an office or guest house. GFCI breaker box wired for generator backup and offers surge protectors. A Franklin wood-burning stove in the LA. Upstairs, a spacious large room offers flexibility for customization into two separate rooms with a half bath nearby. An historic mule barn with 2 stalls, decked hay loft, skylights, tack room, locked storage rm. 1 well. Envision a drive created to the shaded pond about 30 feet deep at the north end of the property. Pasture with frost-proof water access adds more.

Investor Tools

Property Icon
$1,353,708
Estimated Property Value
$14,381Estimated Mortgage Balance
$1,339,327Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,300 /month
Positive
Cash Flow Estimate:
$3,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$283
$1,353,708
2025
$1,123,260
$230,448
$1,353,708
No

Tax History

Year
Tax Paid
Assessed Value
2024
$283
$1,353,708

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$140,200
No
First
Jan 26, 2012
Feb 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,381
$1,339,327
98%
1%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,150/mo
N/A
+$2,150/mo
1.9%

Learn About the Market: Opportunity in Texas

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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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3121 County Road 494 | Property Details | No Agent List