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$1,600,000
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Property Description
Beautiful 3-acre tract of land inside Princeton ETJ. No City Taxes! Culleoka WSC with City of Princeton Utility CCN available. No Zoning, No Floodplain, No current survey. This is a great investment property with the expected growth in this area. It is located 4.5 miles east of McKinney airport, with a large single family development on the east side of the property as well as to the north of the property across County Road 398. Princeton ISD's has plans to open Phillip Anthony High School No.2 in 2029, which will be built within 1 mile to the east of this property. Princeton Future Use Land Maps dated 2019 for this property are marked manufacturing and warehouse. Currently there is a residence on this property that was built in 2002, with approximately 2100 square feet living area, open concept living area and kitchen, with 3 bedrooms, 2 baths, and a formal dining room which could easily convert to an office and a wood burning fireplace. Updates include engineered hardwood floors, granite counter tops, marble countertops in the baths, tile backsplash in the kitchen with the master bathroom updated in late 2021. New AC Heat pump installed May 2023. The long Ranch style front porch has new cedar post across the front, providing the perfect location to sit and watch a beautiful sunset. Solar Screens are on the west side of the home. A detached 2 car garage, a She Shed in the back yard and an enclosed insulated pole barn with a window unit that provides heat and ac. The east property line has a new privacy wood fence, with a bob wire hog wire fence on the south side, with two gates to access the creek which lines the south boundary line, a barb wire fence on the west and north sides. This could be an ideal Airbnb or personal retreat. This property has an access easement through the 3-acre tract of land directly to the north, which is also available for purchase. Two properties combined give the potential for a 6 acre land purchase.
Full Property Details
Full Property Details for 6954 Co Rd 398
General
- Price: $1,600,000
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21142324
- Updated: 2/23/2026
- Added to Site: 71 day(s) ago
Location
- County: Collin
- Subdivision: WD Thompson
- Driving Directions: South on Beauchamp, West on CR 398. Left on Linda Lane. Use Access easement for entry.
School Information
- Elem School District: Princeton ISD
- Midd School District: Princeton ISD
- High School District: Princeton ISD
- Middle School: Mattei
- High School: Lovelady
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Available, Electricity Connected, None, Septic Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Residential, Single Family
Lot Features
- Lot Size (Acres): 3
- Lot Size (Sq. Ft.): 130,680
- Frontage: Private Road
- Lot Features: Sloped
- Zoning: No Zoning, Princeton ETJ
Financial Considerations
- Terms: Cash, Conventional, Item1031Exchange
Disclosures and Reports
- Property ID: 1188618
Listed by RES Real Estate Services, Corey Homer
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Schools
Schools serving 6954 Co Rd 398
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 3.1 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 6954 Co Rd 398
Date
Details
Price
Change
Source
1/01/2026
Listed
$1,600,000
—
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 6954 Co Rd 398
Year
Property Taxes
Change
Tax Assessment
Change
2024
$912
2%
$558,213
11%
2023
$890
-69%
$504,212
-1%
2022
$2,861
—
$508,083
17%
2022
$2,861
—
$434,962
54%
2021
$2,861
—
$283,191
-2%
2020
$2,861
-45%
$288,109
1%
2019
$5,198
-3%
$284,895
—
2018
$5,372
9%
$285,450
10%
2017
$4,910
9%
$259,500
10%
2016
$4,505
6%
$235,909
7%
2015
$4,250
9%
$220,546
10%
2014
$3,884
10%
$200,496
4%
2013
$3,539
—
$193,272
—
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 6954 Co Rd 398
6954 County Road 398, Princeton, TX 75407 (MLS# 21142324) is a Lots/Land property with a lot size of 3 acres. 6954 County Road 398 is currently listed for $1,600,000 and was received on January 01, 2026. Want to learn more about 6954 County Road 398? 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.

