NOT LISTED FOR SALE

Estimated Value: $1,129,343 - $5,666,000

1.17 Acres
$1,981,957 Price per Acre
51,096 Sq Ft Lot

Last Sold March 29, 2024

Current estimated payment $15,083/month

102 Days on Market

Highlights

  • Gated Community
  • 1.17 Acre Lot
  • Hilly Lot
  • Tom Hicks Elementary School Rated A
  • Clubhouse
  • Adjacent to Greenbelt

About This Lot

As of March 2024

Build in the most ELITE neighborhood in Frisco! Don't miss out on this premium Lilac Lane lot on 1.17 acres in the prestigious Hills of Kingswood! This exceptional lot backs to 100's of acres of heavily wooded land. There is also the neighborhood trail that runs along the back of this site allowing for easy access for jogging, biking, dog walking or evening strolls. The topography of this lot makes true architectural masterpieces a possibility including building a rare Texas walk out basement that would open into a backyard paradise with pools and a beautiful garden. You could easily fit a full size basketball court and Red Zone football field on this massive lot. You are sure to see deer and other wildlife while sitting on your veranda enjoying the amazing views and beautiful sunsets. You can choose your own custom builder or you can build the Créme de la Créme 15,000 square foot Lambert custom home that is already approved for this lot. Contact agent for details.

Last Listed By

Andrew Feekes

RE/MAX Dallas Suburbs Brokerage Phone: 214-529-0533 License #0653106 Listed on: 11/15/2023

RE/MAX Dallas Suburbs

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,986

Year Built

  • 2015

Lot Details

  • 1.17 Acre Lot
  • Adjacent to Greenbelt
  • Irregular Lot
  • Sloped Lot
  • Hilly Lot
  • Cleared Lot

HOA Fees

  • $275 Monthly HOA Fees

Property Views

  • Park or Greenbelt Views

Schools

  • Hicks Elementary School
  • Arbor Creek Middle School
  • Hebron High School

Utilities

  • Co-Op Electric
  • Individual Gas Meter

Listing and Financial Details

  • Legal Lot and Block 133 / A
  • Assessor Parcel Number R611628
  • $24,142 per year unexempt tax

Community Details

Overview

  • Association fees include ground maintenance, security
  • The Hills HOA, Phone Number (972) 943-2863
  • Located in the Hills of Kingswood master-planned community
  • The Hills Of Kingswood Ph 1 Subdivision
  • Mandatory home owners association
  • Greenbelt

Amenities

  • Clubhouse

Recreation

  • Jogging Path

Security

  • Security Guard
  • Fenced around community
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$21,986

Year Built

2015

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Planned Development: Hills of Kingswood
  • Restrictions: Other
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: Subdivided
  • Agricultural Exemption YN: No
  • Horse Permitted Y N: No
  • Attribution Contact: 214-529-0533
  • Special Features: None
  • Year Built: 2015

Exterior Features

  • Easements: Utilities
  • Community Features: Club House, Gated, Greenbelt, Guarded Entrance, Jogging Path/Bike Path, Perimeter Fencing, Sidewalks
  • Soil Type: Unknown
  • Road Assessment Y N: No
  • RoadFrontageType: City Street
  • RoadSurfaceType: Concrete

Utilities

  • Utilities: City Sewer, City Water, Co-op Electric, Individual Gas Meter, Individual Water Meter

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Security
  • Association Fee: 1650
  • Association Fee Frequency: Semi-Annual
  • Association Type: Mandatory
  • Hoa Management Company: The Hills HOA
  • HOA Management Company: 972-943-2863

Association/Amenities

  • DevelopmentStatus: City Limits, Streets Installed, Utilities Installed, Zoned

Schools

  • School District: Lewisville ISD
  • Elementary School: Hicks
  • Middle School: Arbor Creek
  • High School: Hebron
  • School District: Lewisville ISD
  • Elementary School: Hicks

Lot Info

  • Lot Size: 1 to < 3 Acres
  • Lot Features: Acreage, Adjacent to Greenbelt, Cleared, Greenbelt, Hilly, Irregular Lot, Park View, Sloped, Subdivision
  • Lot Size Units: Acres
  • Lot Size Area: 1.1730
  • Parcel Number: R611628
  • Lot Size Acres: 1.1730
  • Lot Size Sq Ft: 51095.8800
  • Subdivided: Yes
  • Zoning Description: Residential
  • Possible Use: Residential
  • Present Use: Residential

Building Info

  • SeniorCommunityYN: No

Multi Family

  • Number Of Lots: 1

Tax Info

  • Unexempt Taxes: 24142
  • Special Taxing Entities: No
  • TaxBlock: A
  • Tax Lot: 133

MLS Schools

  • Middle School Name: Arbor Creek
  • Elementary School Name: Hicks
  • High School Name: Hebron

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Mar 29, 2024
Sold by
Vrm Living Trust and Mullapudi Rama A
Bought by
Nayar Vikas
Seller's Agent
Andrew Feekes
RE/MAX Dallas Suburbs
Buyer's Agent
Vikas Nayar
Pinnacle Realty Advisors
List Price
$1,299,000
Sold Price
$1,299,000
Total Days on Market
102
Views
733
Current Estimated Value
$2,324,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,836
Avg. Annual Appreciation
71.42%
Original Mortgage
$870,000
Outstanding Balance
$841,244
Interest Rate
9%
Mortgage Type
New Conventional
Estimated Equity
$1,483,592

Purchase Details

Closed on
Dec 18, 2020
Sold by
Ggh Kingswood Lots Llc
Bought by
Mullapudi Rama A and Mullapudi Kalyani S

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nayar Vikas -- None Listed On Document
Mullapudi Rama A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nayar Vikas $870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold -- -- --
02/26/2024 02/26/24 Pending -- -- --
11/15/2023 11/15/23 For Sale $1,299,000 -- $153 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,986 $1,270,000 $1,270,000 $0
2023 $22,248 $1,270,000 $1,270,000 $0
2022 $22,279 $1,171,973 $1,171,973 $0
2021 $17,665 $875,000 $875,000 $0
2020 $8,735 $434,695 $434,695 $0
2019 $9,040 $434,695 $434,695 $0
2018 $9,093 $434,695 $434,695 $0
2017 $9,209 $434,695 $434,695 $0
2016 $9,093 $255,703 $255,703 $0
2015 $2,937 $213,086 $213,086 $0
2013 -- $132,938 $132,938 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20477320

North Texas Real Estate Information Systems (NTREIS)

APN: R611628