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General Description

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Located on Farmington Road between US Highway 75 and Preston Road, this property could be the real estate investment you have been seeking. The property is located one-half mile south of FM Highway 902, and 2 miles west of US HWY 75. There are several recent studies with Farmington Road as a proposed future major arterial road. The property is in two tracts, which are not contiguous. Tract 1 is approx. 65.1 acres with 1,085’ of road frontage. Tract 2 is 30.91 acres with approx. 1,963’ of road frontage. The two tracts are approximately 955’ apart. The property has an agricultural exemption with an excellent tenant farmer in place. See supplements of this listing for mapping of this unique property.

MLS#:

14665996 (NTREIS)

Sold Price Range:

$2,176,001 - $2,501,000

Listing Status:

Sold

Address:

TBD Farmington Rd

City:

Howe

State:

Zip Code:

75459

County:

Grayson County

Subdivision:

G-0777 James McKinney & HRS

Legal Description:

G-0777 MCKINNEY JAMES &HRS A-G0777, ACRES 65.

Property Type:

Lot & Acreage - Farm/Ranch

Lot Size:

4,183,110 Sqft. /Appraisal District

Land Use:

Agriculture,Other,Residential Single

Exterior Features

Topography:

Varied

Lot Description:

Acreage, Cultivated, Horses Permitted, Some Trees

Utility:

All Weather Road, Asphalt

Utility Other:

Co-op Electric, Electric Avail. Off Site, No Water Meter, Phone Avail. Off Site

Financial Information

Financing Considered:

Cash, Conventional, Federal Land Bank

Source

North Texas Real Estate Information Systems, Inc.

Selling Agent and Brokerage

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Selling Agent

Venkata Vemarapu

Click to view phone

Selling Broker

Keller Williams NO. Collin Cty

7200 W. University Blvd #300
McKinney, TX 75071

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$--	$2,486,495	52.74%	$10,244	0.94%
2022	$--	$1,627,875	127.43%	$10,149	-0.11%
2021	$--	$715,766	7.30%	$10,160	-20.68%
2020	$--	$667,055	-0.06%	$12,809	-2.94%
2019	$--	$667,429	20.59%	$13,197	-0.88%
2018	$--	$553,478		$13,314

2023 Grayson County Appraisal District Tax Value

Market Land Value:	$2,486,495
Market Improvement Value:	$0
Total Market Value:	$2,486,495

grayson County Appraisal District

2023 Tax Rates

GRAYSON COUNTY:	0.3051 %
GRAYSON CO. JR. COLLEG:	0.1467 %
CHOCTAW WATERSHED:	0.0040 %
HOWE ISD:	1.2700 %
Total Tax Rate:	1.7258 %

Estimated Mortgage/Tax

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$9,047 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 9,032
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 1515
Home Owners Insurance	Get a Quote

List Price

Loan Term

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Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.