Exceptional 15.72-acre property in Blue Ridge, Texas offers blend of ag production and development potential. Prime Ag land currently designated D1 (Qualified Ag Land), gated and cross fenced, minimal tree coverage for maximum usable land. Flowing streams contribute to land health, providing natural irrigation and ecosystem. Planted trees along perimeter add aesthetic touch, wind protection and privacy. 408 feet road frontage on CR501, presents subdividing opportunity (subject to approval). Potentially create two tracts – 8 acres and 7.72 acres – while maintaining D1 statuses. Electrical service available, 4-inch water line along CR501 with dedicated meter on property. Central location within 10-mile radius of rapidly growing cities Melissa, Princeton, McKinney, Farmersville. Easy access to state highways. 40'x20' RV carport and 20'x40' cargo container for storage come with property. Tractor and implements available.
Directions: Travel north east on TX HWY 121 (from Melissa) Take right onto FM 545 and travel east for approximately 6 miles to CR 500 (Old Valdasta Rd) Take CR 500 east, CR 500 will vear right, and travel south for approximately 2 miles to CR 501 Take right on CR 501 and travel east to 8434 CR 501
Price Information
Listing Price Info
Price Summary:
List Price: $1,068,960
Tax Information:
Annual Amount: $47
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Blue Ridge, TX.
Last updated on: 12/18/2024, 9:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$47
$125,760
2020
$46
$2,625
2019
$46
$2,578
2018
$47
$2,547
2017
$47
$2,562
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,403
Per Month
Principal & Interest
$5,336
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,271
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Blue Ridge Elementary School
425 N Church St
Distance between this listing and this school3.93 miles
Public District Grades PK-5
5
/10
Godwin Elementary
1019 N 6th St
Distance between this listing and this school5.93 miles
Public District Grades PK-5
6
/10
Lacy Elementary
224 E College St
Distance between this listing and this school6.19 miles
Public District Grades PK-5
Nearby Schools
4
/10
Blue Ridge Middle School
710 Tiger Pride Cir
Distance between this listing and this school4.18 miles
Public District Grades 6-8
7
/10
Southard Middle School
455 E Monte Carlo Blvd
Distance between this listing and this school6.10 miles
Public District Grades 6-8
6
/10
Clark Jr. High
301 Panther Pkwy
Distance between this listing and this school6.38 miles
Public District Grades 7-8
Nearby Schools
4
/10
Blue Ridge High School
11020 County Road 504
Distance between this listing and this school4.13 miles
Public District Grades 9-12
7
/10
Melissa High School
3030 Milrany Ln
Distance between this listing and this school5.54 miles
Public District Grades 9-12
5
/10
Princeton High School
1000 E Princeton Dr
Distance between this listing and this school6.45 miles
The neighbors living near this home have an average income of $67,219. Most Blue Ridge, TX residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8434 County Road 501
What is the listing price of this property?
The listing price of 8434 County Road 501 property is $1,068,960.
What type of property is this?
The property 8434 County Road 501 is land located in Blue Ridge, Texas, 75424.
Is this property for sale now?
Active Listing: 8434 County Road 501 is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $47 (source: MLS/based on county public records data).
How much acreage is this property?
The property 8434 County Road 501 is 15.72 acres.
Interested in 8434 County Road 501? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8434 County Road 501 in Blue Ridge, TX and zip code 75424. This home sits on a 15.72 acre lot. It has been listed on Rocket Homes since March 04, 2024 and is currently priced at $1,068,960.
The inventory of homes for sale in Blue Ridge, TX between October 2024 and November 2024 decreased by 3.1%. In November 2024, listings were on the market for 118 days. During the same period, the median list price in this real estate market was $600,000.
From Rocket Homes Real Estate and based on county public records data.