460 Collinwood Drive Fairview, TX 75069
5.93 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Collinwood Acres
MLS Listing ID 21053611
HOA Y/N None
Year Built 1974
Annual Tax Amount $9,570
Lot Size 5.932 Acres
Acres 5.932
Property Sub-Type Improved Land
Property Description
Without the restrictions of a homeowner's association and with fewer building regulations, the owner has tremendous flexibility in land use. Options include constructing a custom estate home, renting out the existing home, keeping horses and or livestock, while maintaining the current Agriculture Tax Exemption deduction (note: reapplication is necessary as it does not convey automatically). This residential lot is surrounded by many estate properties and communities, enhancing its appeal.
As land in this high-growth area becomes scarcer, the potential for this property to appreciate makes it a sound long-term investment.
### Location and Features:
- Close proximity to city conveniences such as restaurants and shopping.
- Located within the highly-rated Lovejoy Independent School District.
- The land's natural beauty is highlighted by rolling hills and wooded areas.
- A creek on the property provides an ideal site for a bridge to access a secluded estate building site (a culvert is already in place).
Don't miss this unique chance to secure a piece of serene, yet conveniently located property that promises both lifestyle benefits and potential investment rewards.
This property is occupied and the majority of the land lies to the East of the home.
Location
State TX
County Collin
Zoning Agriculture = cows were on it until this past month. The cows were brought in from a farmer.
Direction From East Stacy Road go East, Take Old Stacy Road (Road right after Oakwood Estates Entrance) left (North) to Collinwood Drive. 460 Collinwood is at the end of the Cul de Sac at the right of the circle. The home is in front but the land is to the East and behind the neighbor's 1 acre prop on right
Interior
Heating Central, Electric
Heat Source Central, Electric
Exterior
Fence Chain Link, Metal, Wire
Utilities Available All Weather Road, Asphalt, Electricity Connected, Individual Water Meter, Septic, Underground Utilities
Street Surface Asphalt
Garage No
Building
Lot Description Acreage, Agricultural, Cleared, Cul-De-Sac, Gullies, Interior Lot, Irregular Lot, Lrg. Backyard Grass, Many Trees, Pasture, Rolling Slope, Subdivision
Schools
Elementary Schools Robert L. Puster
Middle Schools Willow Springs
High Schools Lovejoy
School District Lovejoy Isd
Others
Restrictions Development,No Mobile Home,Other
Ownership See Agent
Acceptable Financing Cash, Federal Land Bank, Fixed, Not Assumable
Listing Terms Cash, Federal Land Bank, Fixed, Not Assumable
Special Listing Condition Aerial Photo, Agent Related to Owner, Survey Available, Verify Tax Exemptions, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21053611
