This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/6
$320,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/6
Property Description
Investor & Lifestyle Opportunity - 3.3 Acres in the Princeton Growth Corridor. Located within the ETJ of Princeton-one of the fastest-growing areas in North Texas-this 3.3-acre tract offers a unique blend of long-term investment potential and peaceful country living. Tucked off the road with a long private drive, the property provides privacy, quiet surroundings, and a safe, secluded setting ideal for a young family or a relaxed retirement lifestyle. The property features a 1987-built 3-bedroom, 2-bath home (approx. 1,650 sq ft). While the home will require some TLC, it offers flexibility for a handyman, investor, or buyer looking to renovate and make it their own. The land itself is the true highlight-open space with a stock pond suitable for horses or livestock, along with multiple storage buildings and two large carports. A metal roof, less than 10 years old with a lifetime warranty, adds long-term value. Positioned just minutes from US 380, local schools, retail, dining, and Lake Lavon for fishing and boating, the property offers the feel of small-town living with convenient access to big-city amenities. Surrounded by ongoing residential and commercial growth, this tract presents strong future upside. Whether you're looking for a private homestead, a rental hold, or a long-term land investment, this is a rare opportunity to secure acreage in a rapidly expanding corridor. Value is in the land, with added lifestyle appeal.
Full Property Details
Full Property Details for 1157 Co Rd 490
General
- Price: $320,000
- Taxes: $4,545
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21186173
- Updated: 5/8/2026
- Added to Site: 12 day(s) ago
Exterior
- Exterior Features: Storage
Location
- County: Collin
- Subdivision: Murillo Addition
- Driving Directions: From McKinney, travel east on US 380 towards Princeton, turn right onto CR 457 Continue south on CR 457 about .2 mile and turn left on CR 456. Continue east on CR 456 for about a mile and turn right onto CR 490. Follow CR 490 south and property will be on the left. Or use GPS
School Information
- Elem School District: Princeton ISD
- Midd School District: Princeton ISD
- High School District: Princeton ISD
- Elementary School: Godwin
- Middle School: Clark
- High School: Princeton
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Propane, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Single Family, Vacant
- Year Built: 1987
Lot Features
- Lot Size (Acres): 3.303
- Lot Size (Sq. Ft.): 143,878.68
- Lot Size Source: Public Records
- Frontage: County Road, Asphalt
- Topography: Level
- Lot Features: Acreage, Cleared, Flat
- Zoning: ETJ Princeton
- Fencing (Description): Fenced
Water Features
- Water Front Name: Lavon
Financial Considerations
- Tax Amount: $4,545
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: ABS A0640 J B MCCLYMAN SURVEY, TRACT 17, 3.0
- Property ID: R664000001701
- Lot Number: 17
Listed by Keller Williams NO. Collin Cty, Ross Kallenberg
Get Pre-Approved Today
Schools
Schools serving 1157 Co Rd 490
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Godwin Elementary School 1019 North 6th Street, Princeton, TX 75407 | PK-5 | 2.7 mi |
Clark Middle 301 Panther Parkway, Princeton, TX 75407 | 6-8 | 2.2 mi |
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1157 Co Rd 490
Date
Details
Price
Change
Source
5/07/2026
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1157 Co Rd 490
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$173,174
-51%
2023
100%
$355,079
-6%
2022
100%
$377,328
16%
2021
100%
$326,005
71%
2020
100%
$190,997
1%
2019
-100%
$189,044
93%
2019
$1,784
7%
$97,752
10%
2018
$1,672
9%
$88,865
10%
2017
$1,529
9%
$80,786
10%
2016
$1,402
2%
$73,442
3%
2015
$1,376
4%
$71,428
4%
2014
$1,327
11%
$68,504
5%
2013
$1,191
—
$65,016
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1157 Co Rd 490
1157 County Road 490, Princeton, TX 75407 (MLS# 21186173) is a Lots/Land property with a lot size of 3.303 acres. 1157 County Road 490 is currently listed for $320,000 and was received on May 07, 2026. Want to learn more about 1157 County Road 490? Do you have questions about finding other Lots/Land real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

