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Property Description
Prime real estate acreage near Lake Lavon and short distance to Hwy 78, owner had built his 1 bedroom & another bedroom added recently, 1 bath efficiency inside the massive 30'x90' metal building surrounded by mature crepe myrtle trees and consist approx. well-built 1800sf insulated shop and insulated interior walls and ceiling. Shop has approx. 1400sf and living area approx. 1300sf, plus add-on enclosed patio that has wood burning fireplace, cooking grill connected to a commercial grade vent-a-hood and an underground bunker or tornado shelter. Comfortable primary bedroom and bath and an open living area and kitchen with walls of custom-built cabinets and lots of counter space, stainless steel appliances, new sink and faucet, new countertops and backsplash and ceramic tile floors. Owner recently added hallway and another bedroom with duo closets, plans to upgrade HVAC in living area and bedrooms to split AC heat pump. Living room with decorative lighting. Owner is downsizing from the 11.33 acres but want to keep approx.6.3 acres (including the wind turbine, which the owner can relocate). Approx. dimension of property is 1203' x 182' road frontage from northeastern corner of property. See drawing in NTREIS supplement and aerial photos depicting the total acreage and separation. Currently all the acreage but one acre is under Ag Exempt status, buyer and buyer broker to verify with Collin County about continuation of such agriculture exemption status for the approx. 5 acres, which may require to be replatted and to have a new survey.
Full Property Details
Full Property Details for 7022 Co Rd 487
General
- Taxes: $1,222
- Status: Closed
- Type: Single Family
- Source: NTREIS
- MLS ID: 21053080
- Added to Site: 216 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Open Floorplan
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Other, Wood Burning
- Appliances: Dishwasher, Electric Range
- Flooring: Concrete, Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Parking, Covered, Driveway, Electric Gate, Garage Faces Front, Garage, Garage Door Opener, Workshop in Garage
Location
- County: Collin
- Subdivision: M I Geminez Survey, Sheet 3, Tract 28
- Driving Directions: From Lavon go Hwy 78 North towards Farmersville, pass Hwy 6, turn left on County Road 489, cross one railroad tracks and follow winding road to County Road 487, turn left on CR487, drive a short distance see subject property on right with nice cattle panel wired fencing.
School Information
- Elem School District: Community ISD
- Midd School District: Community ISD
- High School District: Community ISD
- Elementary School: Nesmith
- Middle School: Leland Edge
- High School: Community
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s), WallWindow Unit(s)
- Heating Type: Electric, Floor Furnace, Other
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Electricity Connected, Overhead Utilities, Septic Available, Separate Meters, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Barndominium, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Metal Siding, Wood Siding
- Roof: Metal
- Stories/Levels: 1
- Living Area: 1,300 Sq. Ft.
- Year Built: 2004
Additional Structures
- Other Structures: See Remarks, Workshop
Lot Features
- Lot Size (Acres): 5.02
- Lot Size (Sq. Ft.): 218,671.2
- Lot Size Source: Owner
- Lot Dimensions: 182' x 1203'
- Frontage: All Weather Road, Asphalt
- Lot Features: Acreage, Pasture, Few Trees
Water Features
- Water Front Name: Lavon
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $1,222
- Terms: Cash, Conventional, Federal Land Bank, VA Loan
Disclosures and Reports
- Legal Description: ABS A0338 M I GEMINEZ SURVEY, SHEET 3, TRACT28
- Exclusions: 1972 Dynamo custom fitted foosball table with matching hanging light, entertainment cabinets and hutch.
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: R633800302801
- Block: A0338
- Lot Number: ABS
Meet the listing agent
Meet the listing agent
— 7022 Co Rd 487 —
(214) 616-2800 mobile
(972) 771-9001 direct
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7022 Co Rd 487
School District:Community Independent School District
| Name | Grades | Distance |
|---|---|---|
Nesmith Elementary School 801 Presidents Boulevard, Lavon, TX 75166 | PK-5 | 3.2 mi |
Mcclendon Elementary School 601 Fm 1138 N, Nevada, TX 75173 | PK-5 | 4.6 mi |
Leland E Edge Middle School 615 Fm 1138 N, Nevada, TX 75173 | 6-8 | 4.7 mi |
Community High School 440 North Farm To Market 1138, Nevada, TX 75173 | 9-12 | 4.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
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7022 County Road 487, Nevada, TX 75173 (MLS# 21053080) is a Single Family property that was sold on November 20, 2025. This property was listed by Frank Lu from our Rockwall Office.Want to learn more about 7022 County Road 487? Do you have questions about finding other Single Family real estate for sale in Nevada? You can browse all Nevada real estate or contact a Coldwell Banker agent to request more information.