Collin Value

402 Water Fall Ln, Nevada, TX 75173

2,853 sqft, built 2015, in Nevada Lakes Phase I. Appraised at $624,926 for 2026.

Collin County account 2645861

In line with similar homes

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

Appraised value$624,926
Similar homes$637,074
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
$624,926
Tax year 2026
Living area
2,853 sqft
$219 per sqft
Year built
2015
Homestead
Yes
Owner-occupied exemption on file

What we found

Unequal assessment

Weak

3 of 8 similar homes are assessed lower per square foot. Their similarity-weighted median is $223.30/sqft, which supports a value of $637,074.

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 75173 and Nevada Lakes Phase I 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 7.8% from $579,553 in 2025 to $624,926 in 2026.
  • Appraised value per square footThe current public record shows about $219 per square foot before any comparable-property adjustments.
  • Nearby comparison areaThis page starts the equity review with public records for the Nevada Lakes Phase I neighborhood and ZIP 75173.
  • Neighborhood value signalAmong 89 residential records in the same neighborhood, the average appraised value is about $241 per square foot.
  • Area year-over-year signalNearby residential records with prior-year values moved about +7.4% on average.

Comparable assessments

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

  • 540 Hubbard Cir, Nevada, TX 75173
    2,803 sqft | $193/sqft | built 2013 | Similar size (2,803 vs 2,853 sqft); Similar age (2013 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $539,953
  • 413 Fork Dr, Nevada, TX 75173
    2,648 sqft | $223/sqft | built 2013 | 7% smaller (2,648 vs 2,853 sqft); Similar age (2013 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $591,297
  • 420 Brooks Dr, Nevada, TX 75173
    2,805 sqft | $237/sqft | built 2015 | Similar size (2,805 vs 2,853 sqft); Built same year (2015); Lot 11% larger (48,308 vs 43,560 sqft)
    $665,781
  • 511 Cooper Ct, Nevada, TX 75173
    2,607 sqft | $214/sqft | built 2014 | 9% smaller (2,607 vs 2,853 sqft); Similar age (2014 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $559,072
  • 407 Fork Dr, Nevada, TX 75173
    2,989 sqft | $228/sqft | built 2012 | Similar size (2,989 vs 2,853 sqft); Similar age (2012 vs 2015); Similar lot size (43,560 vs 43,560 sqft)
    $680,682

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.

  • 2604 Sunset Bay Ln, Nevada, TX 75173
    August-5-2026 | 3,044 sqft | $174/sqft | built 2018 | 7% size difference (3,044 sqft); Similar age (2018); Sold after the valuation date
    $529,500
  • 1073 Atlanta, Nevada, TX 75173
    September-10-2026 | 2,486 sqft | $209/sqft | built 2002 | 13% size difference (2,486 sqft); Sold after the valuation date
    $520,000
  • 505 Water Fall Ln, Nevada, TX 75173
    May-22-2026 | 2,474 sqft | $212/sqft | built 2015 | 13% size difference (2,474 sqft); Similar age (2015); Sold after the valuation date
    $525,000
  • 214 Saddletree Dr, Nevada, TX 75173
    September-28-2026 | 2,770 sqft | $132/sqft | built 2025 | Similar size (2,770 sqft); Moderate age difference (10 years newer); Sold after the valuation date
    $365,000
  • 909 Willowbanks Dr, Nevada, TX 75173
    September-16-2026 | 2,759 sqft | $152/sqft | built 2025 | Similar size (2,759 sqft); Moderate age difference (10 years newer); Sold after the valuation date
    $420,000

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 7.8% in 2026 from 2025.

Appraised value by tax year, with the change from the previous year listed
Tax yearAppraised valueChangeChange %
2026$624,926+$45,373+7.8%
2025$579,553−$29,269−4.8%
2024$608,822−$14,002−2.2%
2023$622,824+$65,335+11.7%
2022$557,489+$112,559+25.3%
2021$444,930+$11,572+2.7%
2020$433,358——
6-year total+$191,568+44.2%