Collin Value

1235 Farmstead Ct, Lucas, TX 75002

4,859 sqft, built 2024, in Belmont Park Appraised at $2,292,260 for 2026.

Collin County account 2863043

Likely too high

about $111,000

8 similar homes nearby point to a value about $111,000 lower than yours.

Appraised value$2,292,260
Similar homes$2,181,059
$111,201 gap · bars start at $0

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

Appraised value
$2,292,260
Tax year 2026
Living area
4,859 sqft
$472 per sqft
Year built
2024
Homestead
Yes
Owner-occupied exemption on file

Why we think so

Unequal assessment

Strong

8 of 8 similar homes are assessed lower per square foot. Their similarity-weighted median is $448.87/sqft, which supports a value of $2,181,059.

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 changed from $904,060 in 2025 to $2,292,260 in 2026. A change this large often reflects new construction, a reclassification or a record correction, so check it against the county record.
  • Appraised value per square footThe current public record shows about $472 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.

  • 1205 Farmstead Ct, Lucas, TX 75002
    4,855 sqft | $449/sqft | built 2022 | Similar size (4,855 vs 4,859 sqft); Similar age (2022 vs 2024); Similar lot size (102,540 vs 99,621 sqft)
    $2,179,266
  • 1215 Rimrock Dr, Lucas, TX 75002
    5,167 sqft | $458/sqft | built 2020 | 6% larger (5,167 vs 4,859 sqft); Similar age (2020 vs 2024); Similar lot size (98,010 vs 99,621 sqft)
    $2,368,833
  • 920 Ashton Ct, Lucas, TX 75002
    4,852 sqft | $468/sqft | built 2015 | Similar size (4,852 vs 4,859 sqft); Lot 12% larger (111,426 vs 99,621 sqft); Same neighborhood
    $2,270,599
  • 1165 Farmstead Ct, Lucas, TX 75002
    4,237 sqft | $471/sqft | built 2023 | 13% smaller (4,237 vs 4,859 sqft); Similar age (2023 vs 2024); Similar lot size (102,583 vs 99,621 sqft)
    $1,994,233
  • 955 Bentwater Dr, Lucas, TX 75002
    4,742 sqft | $404/sqft | built 2023 | Similar size (4,742 vs 4,859 sqft); Similar age (2023 vs 2024); Lot 13% larger (112,428 vs 99,621 sqft)
    $1,918,000

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.

  • 1806 Reynolds Ct, Allen, TX 75002
    October-9-2026 | 4,885 sqft | $225/sqft | built 2008 | Similar size (4,885 sqft); Sold after the valuation date
    $1,100,000
  • 5109 Midnight Ct, Parker, TX 75002
    August-17-2026 | 4,499 sqft | $261/sqft | built 2021 | 7% size difference (4,499 sqft); Similar age (2021); Sold after the valuation date
    $1,175,000
  • 105 Bee Caves Rd, Lucas, TX 75002
    August-31-2026 | 4,744 sqft | $294/sqft | built 2005 | Similar size (4,744 sqft); Sold after the valuation date
    $1,395,000
  • 310 Cottar Dr, Lucas, TX 75002
    August-17-2026 | 4,989 sqft | $301/sqft | built 2026 | Similar size (4,989 sqft); Similar age (2026); Sold after the valuation date
    $1,499,900
  • 1500 Ford Ln, Lucas, TX 75002
    September-24-2026 | 4,079 sqft | $319/sqft | built 2021 | Similar age (2021); Sold after the valuation date
    $1,300,000

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 153.6% in 2026 from 2025.

Appraised value by tax year, with the change from the previous year listed
Tax yearAppraised valueChangeChange %
2026$2,292,260+$1,388,200+153.6%
2025$904,060+$332,310+58.1%
2024$571,750——
2-year total+$1,720,510+300.9%