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$575,000
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Property Description
2.566 Unrestricted Acres on the Growing US-380 Corridor - Room to Work, Owner Financing Available This 2.566-acre property on paved County Road 490 gives you land with no HOA and no recorded deed restrictions - park what you need, build what you need, run a business from home without asking anyone's permission. Paved frontage means your trucks, trailers, and equipment come and go cleanly, with no gravel road to tear up. You won't be the first to put this kind of flexibility to work either - unrestricted, business-friendly land use is already established up and down this stretch of Collin County. You're also buying ahead of the growth curve. US-380 is currently being widened from four to six lanes, and the planned Princeton Bypass - with an on-ramp about two miles from the property - is set to bring a new freeway through the area in the years ahead. This side of Princeton, one of the fastest-growing cities in the country, is still largely undeveloped outside of Princeton Lakes and the new City Hall on 380, and city planning has pointed to this corridor as the direction future high-end growth is heading. Whether you're here to run a business, plant a family homestead with room to grow, or simply hold land ahead of what's coming, you're getting in early on a corridor that won't stay this open for long. The home has been freshly updated: new septic system, new air conditioner, new flooring, and fresh paint throughout. Fiber internet was installed this year, so dispatch, invoicing, and video calls run just as well as anything you'd have in an office. A storage building on the property gives you extra room for tools, equipment, or inventory. You're less than a mile from Lake Lavon. Owner financing is available, with negotiable terms. If you're self-employed or your income doesn't fit neatly into a conventional bank's underwriting box, this gets you to closing faster - no rigid debt-to-income formulas, no waiting on bank approval timelines. Inquire for details.
Full Property Details
Full Property Details for 845 Co Rd 490
General
- Price: $575,000
- Taxes: $7,267
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21264386
- Updated: 7/8/2026
- Added to Site: 51 day(s) ago
Interior
- Interior Features: Granite Counters, Vaulted Ceiling(s), Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Masonry, Wood Burning
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Laundry in Utility Room
Exterior
- Porch/Patio/Deck: Rear Porch, Front Porch, Covered
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Concrete, Driveway, Garage Faces Front, Garage
Location
- County: Collin
- Subdivision: J B MCCLYMAN SURVEY,
- Driving Directions: From 380 and 2nd Street head East on 380. Turn Right on Booman. Left on County Road 456. Forced right turn road turns into County Road 490. House is on the left.
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
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Electricity Connected, Septic Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Craftsman, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Concrete, Wood Siding
- Roof: Composition
- Stories/Levels: 2
- Living Area: 2,677 Sq. Ft.
- Year Built: 1997
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Lot Size (Acres): 2.566
- Lot Size (Sq. Ft.): 111,774.96
- Lot Features: Acreage, Cleared, Level, Pasture
- Fencing (Description): Fenced, Split Rail
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $7,267
- Terms: Cash, Conventional, Owner Will Carry, Special Funding, VA Loan
Disclosures and Reports
- Legal Description: ABS A0640 J B MCCLYMAN SURVEY, TRACT 5, 2.566
- Property ID: R664000000501
Listed by Exp Realty, Colin Conn
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Schools
Schools serving 845 Co Rd 490
School District:Princeton Independent School District
| Name | Grades | Distance |
|---|---|---|
Godwin Elementary School 1019 North 6th Street, Princeton, TX 75407 | PK-5 | 2.4 mi |
Clark Middle 301 Panther Parkway, Princeton, TX 75407 | 6-8 | 1.9 mi |
Princeton High School 1000 East Princeton Drive, Princeton, TX 75407 | 9-12 | 1.6 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 845 Co Rd 490
Date
Details
Price
Change
Source
6/22/2026
Price Reduced
$575,000
-4.01%
MLS
5/21/2026
Listed
$599,000
—
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 845 Co Rd 490
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,724
6%
$537,250
7%
2023
$7,267
9%
$502,991
3%
2022
$6,639
—
$488,348
23%
2022
$6,639
13%
$395,969
15%
2021
$5,864
13%
$343,000
14%
2020
$5,190
-7%
$301,113
-1%
2019
$5,551
-2%
$304,245
1%
2018
$5,692
18%
$302,446
19%
2017
$4,825
9%
$254,995
10%
2016
$4,427
8%
$231,814
9%
2015
$4,111
9%
$213,332
10%
2014
$3,756
16%
$193,938
10%
2013
$3,228
—
$176,307
—
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 845 Co Rd 490
845 County Road 490, Princeton, TX 75407 (MLS# 21264386) is a Single Family property with 4 bedrooms and 2 full bathrooms. 845 County Road 490 is currently listed for $575,000 and was received on May 21, 2026. Want to learn more about 845 County Road 490? Do you have questions about finding other Single Family real estate for sale in Princeton? You can browse all Princeton real estate or contact a Coldwell Banker agent to request more information.

