Collin Value

1125 Farmstead Ct, Lucas, TX 75002

4,287 sqft, built 2022, in Belmont Park. Appraised at $2,013,222 for 2026.

Collin County account 2863046

In line with similar homes

8 similar homes nearby support a value at or above your county value.

Appraised value$2,013,222
Similar homes$2,108,560
No gap: similar homes are at or above the county value · bars start at $0

How sure: High · 8 similar homes (5 shown below) · public records only

Appraised value
$2,013,222
Tax year 2026
Living area
4,287 sqft
$470 per sqft
Year built
2022
Homestead
Yes
Owner-occupied exemption on file

What we found

Unequal assessment

Weak

2 of 8 similar homes are assessed lower per square foot. Their similarity-weighted median is $478.91/sqft, but land is valued apart from the home, and some of them have less land value per square foot of home than yours, which counts as $730,050. Counting your land in place of theirs where theirs is less, they support a value of $2,108,560.

Compare this assessment

Start with the county value and property facts, then review appraisal comps, recent sales, and prior-year changes to decide whether the assessment is worth challenging. The comps on this page are free to review; email sign-in is only used to save a printable report.

For nearby context, browse ZIP 75002, Belmont Park, and Fairview assessment pages.

Protest deadline

The 2026 protest deadline was . The 2027 protest deadline is . 2027 notices usually arrive in April.

Deadline rule: May 15, or 30 days after your notice of appraised value is mailed, whichever is later. A deadline on a weekend or holiday moves to the next business day. Evidence is reviewed by the Appraisal Review Board (ARB). Dates checked against the official source.

Assessment snapshot

These public CCAD records highlight what may be worth checking before you file.

  • Assessment changeThe appraised value increased 1.3% from $1,987,815 in 2025 to $2,013,222 in 2026.
  • Appraised value per square footThe current public record shows about $470 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Belmont Park neighborhood and ZIP 75002.
  • Neighborhood value signalAmong 142 residential records in the same neighborhood, the average appraised value is about $413 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about +13.0% on average.

Comparable assessments

Showing 5 of the 8 similar homes in this property's equity comparison, from public appraisal records.

  • 1105 Farmstead Ct, Lucas, TX 75002
    4,255 sqft | $505/sqft | built 2022 | Similar size (4,255 vs 4,287 sqft); Built same year (2022); Similar lot size (103,498 vs 102,583 sqft)
    $2,149,360
  • 1165 Farmstead Ct, Lucas, TX 75002
    4,237 sqft | $471/sqft | built 2023 | Similar size (4,237 vs 4,287 sqft); Similar age (2023 vs 2022); Similar lot size (102,583 vs 102,583 sqft)
    $1,994,233
  • 255 Winding Creek Dr, Lucas, TX 75002
    4,509 sqft | $524/sqft | built 2021 | 5% larger (4,509 vs 4,287 sqft); Similar age (2021 vs 2022); Similar lot size (106,504 vs 102,583 sqft)
    $2,361,410
  • 1290 Farmstead Ct, Lucas, TX 75002
    4,385 sqft | $479/sqft | built 2020 | Similar size (4,385 vs 4,287 sqft); Similar age (2020 vs 2022); Similar lot size (111,818 vs 102,583 sqft)
    $2,100,000
  • 900 Parchman Pl, Lucas, TX 75002
    4,394 sqft | $483/sqft | built 2018 | Similar size (4,394 vs 4,287 sqft); Similar age (2018 vs 2022); Lot 12% smaller (90,517 vs 102,583 sqft)
    $2,121,504

Recent comparable sales

Sales selected by similarity to the subject property. Texas is a non-disclosure state, so these MLS-listed sales are supplemental evidence.

  • 1500 Ford Ln, Lucas, TX 75002
    September-24-2026 | 4,079 sqft | $319/sqft | built 2021 | Similar size (4,079 sqft); Similar age (2021); Sold after the valuation date
    $1,300,000
  • 5109 Midnight Ct, Parker, TX 75002
    August-17-2026 | 4,499 sqft | $261/sqft | built 2021 | Similar size (4,499 sqft); Similar age (2021); Sold after the valuation date
    $1,175,000
  • 1200 Driftwood Ln, Lucas, TX 75002
    June-26-2026 | 4,306 sqft | $226/sqft | built 2022 | Similar size (4,306 sqft); Similar age (2022); Sold after the valuation date
    $975,000
  • 2174 Narrow Rd, Lucas, TX 75002
    May-27-2026 | 4,193 sqft | $262/sqft | built 2021 | Similar size (4,193 sqft); Similar age (2021); Sold after the valuation date
    $1,100,000
  • 5501 Corsham Dr, Parker, TX 75002
    July-23-2026 | 4,265 sqft | $258/sqft | built 2003 | Similar size (4,265 sqft); Sold after the valuation date
    $1,100,000

Public appraisal comparison for 2026. Prepared . Appraisal source: Collin Central Appraisal District. Sales data checked in this snapshot: . Matches consider available size, age, location and property characteristics. How comparisons work.

Value history

Up 1.3% in 2026 from 2025.

Appraised value by tax year, with the change from the previous year listed
Tax yearAppraised valueChangeChange %
2026$2,013,222+$25,407+1.3%
2025$1,987,815+$195,725+10.9%
2024$1,792,090+$999,228+126.0%
2023$792,862——
3-year total+$1,220,360+153.9%