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Introducing Creeks of Legacy in Celina in High $200’s AND Prosper ISD!

Nov8

The Creeks of Legacy is an outstanding community in Celina. Current builders are Lennar Homes, KB Homes, DR Horton Homes, Megatel Homes, First Texas Homes and Beazer Homes.

It is on the Prosper/Celina border minutes from the North Dallas Tollroad and at Frontier Parkway and Legacy Drive.

The significance of this location is what makes the Creeks of Legacy Matter. The Tollroad will soon be extended past highway 380 and values of land and homes will most likely skyrocket if history repeats itself.

The Creeks at Legacy is situated on approximately 300 acres of land with a build-out of over 1000 homeowners calling this community home which will be considered to be the “future gateway“ into Celina, Texas.

The community includes a model home information park, large areas of open space, trails and an amenity center with tennis and basketball courts and an amazing pool!

The Creeks of Legacy residents send their children to the highly acclaimed Prosper ISD school district.

The builders have started selling the first phases. Lennar Homes has really stepped up their game by creating a one-story next generation model!

Walking into the home there is an extra door for a private entry into the secondary suite that includes a living room, kitchen, bedroom and bath.

The remainder of the home is filled with luxury amenities and really has a flow that works.

KB Homes, Beazer Homes, First Texas Homes, DR Horton and Megatel also have many affordable opportunities for homebuyers to make the Creeks of Legacy their home starting at $285,000!

For more on the Creeks of Legacy in Celina, Texas call or text Brad Holden today at (469)733-2723.

BRAD HOLDEN – HOLDEN NEW HOMES – LICENSED TEXAS REAL ESTATE BROKER

What is the difference between PID taxes vs. MUD taxes in developments in Texas?

Aug6

PID vs. MUD has been coming up a lot lately from my clients.

In rural area developments in Texas like Mustang Lakes and Lilyana, new buyers will hear the terms PID and MUD.

Mustang Lakes in Celina.

“The purpose for these “special assessments” is to fund new infrastructure to the development when the standard tax base alone is insufficient.”

MUD Taxes, or Municipal Utility District assessments, and PID Taxes, or Public Improvement District assessments are above the standard property taxation.

MUD taxes have no expiration date! They will stay with the Home from one owner to the next. As more homes are constructed in MUD districts, MUD taxes can decrease or be eliminated over time. But that rarely happens.

PIDs, unlike the tax rates for MUDs, are fixed once the bonds are sold.  This means a homeowner will know the annual assessment bill at closing.  PID assessments can be paid in full up front, versus prorating year by year during the years the PID is active. PID’s have a set time and can run out on a specific date.

Mustang Lakes and Lilyana, both are communities with PID assessments or MUD taxes, have slightly lower home pricing to reflect the added tax burden. Some developments eliminate PIDs and MUDs all together by adding the expense on to their lots.

At the rate the Prosper-Celina area is growing, there is an overage cost for new infrastructure that does not have a sufficient tax base to fund development.

Currently there are more than 900 municipal utility districts in Texas. They are not uncommon and also should not be a reason for buyers to choose a different community just because of them. New home buyers just need to be informed and educated about it.

There is one advantage for these taxes strangely. Both MUD taxes and PID assessments are tax deductible! So in a way, they really don’t affect your bottom line.

“For more on the newest developments in Frisco, Prosper or Celina like Mustang Lakes and Lilyana, text or call Brad Holden today at (469)733-2723.”

BRAD HOLDEN – HOLDEN NEW HOMES – LICENSED TEXAS REAL ESTATE BROKER