5353 FM 982, Princeton, TX 75407 Property Records

Collin County property record for 5353 FM 982, Princeton, TX 75407

Property Summary

Property Type	Commercial
Details	2 bd · 1 ba · 10,000 sqft · built 2024
Lot Size	1.18 acres (51,749 sqft)
Owner	Trust Name on File
Tax Bill	$28,546 (2025)
Deeds & Mortgages	Oct 2024 Mortgage Jun 2021 Mortgage + 1 more
Flood Zone	Zone X (minimal risk)
APN	`R-6890-004-1760-1`

Property Details

APN / Parcel Number

Primary APN	`R-6890-004-1760-1`
Alternative APNs	`R-13264-00A-0020-1` `R-13264-00A-0010-1` `000002909044` `2124218` `2909045`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Stories	1 Story
Building Area	10,000 sqft Gross Area
1st Floor Area	10,000 sqft
Flooring	Wood

Exterior

Year Built	Built 2024
Effective Year Built	Effective 2024
Exterior Material	Other
Construction Type	Wood
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	51,749 sqft (1.18 acres)
Porch	Covered Patio/Porch
Porch Area	90 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	5353 FM 982
City	PRINCETON
State	TX
Zip	75407-4733
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	NO BAD DAYS EAST, BLK A, LOT 1
Legal Subdivision	NO BAD DAYS EAST (GCN)
Legal Tract	176
Legal Block	A
Legal Lot Number	1
Jurisdiction	COLLIN TX
Township / Civil Division	PRINCETON
Census Block Group	2
Census Block	2001
Census Tract	31008

Owner

5353 FM 982, a commercial property, is held in a trust since April 2025.

Source: Collin County records, as of October 16, 2026

Owner of Record	Trust Name on File
Mailing Address	9215 NORTHPARK DR, JOHNSTON, IA 50131-2933
Owner Type	Individual
Vesting	Trust

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Oct 23, 2024	Deed of Trust, Mortgage · Commercial Mortgage THE FIRST NATIONAL BANK OF BALLINGER
Jun 18, 2021	Vendor's Lien, Transfer · Commercial Mortgage THE FIRST NATIONAL BANK OF BALLINGE
Aug 20, 2018	Quit Claim Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Apr 24, 2025
Deed Sale	Apr 24, 2025
Prior Sale	Apr 9, 2024 · Amount on File
Deed Document Number	202549959
Prior Transfer Date	Aug 6, 2018
Prior Transfer Doc	0001039500
Record Updated	Oct 29, 2026

October 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	COLLIN TX
Property Address	FM 982, PRINCETON, TX 75407
Transaction Type	Mortgage
Record Updated	Oct 24, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2024000131310
Date	Oct 23, 2024
Instrument	2024000131310

Lender

Name	THE FIRST NATIONAL BANK OF BALLINGER
Type	Bank
Address	BALLINGER, TX 76821

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

June 2021: Vendor's Lien, Transfer

Document Type	Vendor's Lien
Jurisdiction	COLLIN TX
Recording Date	Jun 18, 2021
Property Address	5353 FM 982, PRINCETON, TX 75407
Document Number	0001235270
Map Reference	FILE2018082000103950
Instrument Date	Jun 17, 2021
Instrument	20210618001235270
Transaction Type	Transfer
Record Updated	Sep 4, 2023

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4052 PARK LN, DALLAS, TX 75220-1812

Mortgage

Document Number	0001235280
Date	Jun 18, 2021
Instrument	20210618001235280

Lender

Name	THE FIRST NATIONAL BANK OF BALLINGE
Type	Bank
Special Notes	Seller Financed

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

August 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	COLLIN TX
Recording Date	Aug 20, 2018
Property Address	5251 FM 982, PRINCETON, TX 75407-4797
Document Number	0001039500
Instrument Date	Aug 6, 2018
Instrument	1039500
Transaction Type	Transfer
Record Updated	Aug 30, 2018
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	806 BROOKHURST DR RICHARDSON TX 750805002, RICHARDSON, TX 75080-5002

Tax Assessment & Valuation

The 2025 property tax bill for 5353 FM 982 was $28,546, up 7,276.2% from the year before.

Source: Collin County assessment roll, as of March 16, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Collin County
Unified School District	Princeton Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$28,546.00 (+7,276.23%)	$1,985,504 Land $931,487 Building $1,054,017	$1,985,504 Land $931,487 Building $1,054,017
2024	$387.00
2023		$2,850,087 Land $2,791,100 Building $58,987	$2,850,087 Land $2,791,100 Building $58,987
2022	$1,817.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 5353 FM 982 in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective October 13, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 5353 FM 982 is low, with a 0.03% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 65% of the US · lower than 90% of Texas
Wildfire Likelihood	0.03% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CULLEOKA WSC serves 24,615 people · EPA ID TX0430030
Water Source	Purchased surface water from CITY OF PRINCETON
Last State Inspection	Oct 2025
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 83 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Rise Broadband Fixed Wireless	500 / 100
360 Broadband Fixed Wireless	400 / 50
Verizon Fixed Wireless	300 / 20

May also be available: AT&T, Element8, Spectrum.

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