UPDATED:
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Otp Gunter
MLS Listing ID 20429783
HOA Y/N None
Year Built 1960
Annual Tax Amount $7,740
Lot Size 7.260 Acres
Acres 7.26
Property Sub-Type Improved Land
Property Description
7.26 Acres in city limits of Gunter with approximate 2400SF home that needs updates but could be used for rental or office. Great development or investment property near Preston Rd and part of Downtown Master Plan! Seller financing available with 50% down for 3 years. Zoning info per City of Gunter is: “Currently zoned THOR(Thoroughfare District) in the front portion and SF1 in the back. The THOR is an overlay district, that is a base zoning of C-1. Anything with Main Street frontage was re-zoned as THOR in our future land use plan. Currently, this property can be used as SF1, but if the home becomes vacant for a period of 6 months or more or is demolished, the land use would then change to the C-1 zoning on front of the parcel”. Could be purchased as part of a 1031 Tax Exchange. Taxes paid by seller last year were $7700. Please note that property goes well beyond the creek on the south boundary. City water and sewer!! Small yellow bldg to the east of home is part of property and currently used for storage.
Gunter is poised for growth with its location just north of Prosper & Celina and south of Sherman as well as its proximity to future extension of the Dallas North Tollway. Plans for Universal Theme Park in Frisco 20 minutes from property and HEB, Costco, & Lowe's in Celina 10 minutes away.
Location
State TX
County Grayson
Zoning SF1 Thoroughfare District
Direction On FM 121 (Main St) just east of Preston Rd (Hwy 289) on south side, no sign. Address on lamp post.
Interior
Heating Other
Heat Source Other
Exterior
Exterior Feature Covered Patio/Porch, Storage
Utilities Available All Weather Road, Cable Available, City Sewer, City Water, Concrete, Electricity Connected, Sewer Available
Street Surface Concrete
Garage No
Building
Lot Description Acreage, Interior Lot, Irregular Lot, Many Trees, Tank/ Pond
Schools
Elementary Schools Gunter
Middle Schools Gunter
High Schools Gunter
School District Gunter Isd
Others
Restrictions Other
Ownership Kaehn
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo, Agent Related to Owner, Flood Plain
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20429783
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.