Nearly 7 acres on a highly accessible corner with a large home at this price is not an easy find in Eastern Collin County! These two tracts, the larger of which outside city limits in the county, are currently ag exempt & offers the potential a wide variety of future uses in addition to the current single family homesite. Tucked between Highway 66 and FM 6, frontage along FM 1138 is highly visible on what is quickly becoming the north-south corridor through this growing area. CR 541, also known as Watkins Road is a straight shot west to Highway 78 at Lavon. Though the home has several recent system and structural updates, there is a huge opportunity to bring your vision and plans to this large site at the edge of a wonderful small town just outside the Metroplex. Downstairs you'll find an open concept kitchen and living area with newer appliances, custom cabinetry, huge fireplace and large windows. Two bedrooms, a full bath and a large, separate laundry room make this lower level incredibly flexible. Upstairs, the primary bedroom offers an ensuite bathroom, a large closet, massive fireplace, and large private sunroom which would make a great office. The two additional upstairs rooms are served by a half bath and could be bedrooms or living and kitchen space as one of the other two rooms upstairs was once a second kitchen and the plumbing and electrical wiring are still in-wall, available for conversion back to a second living area. In addition to the central staircase, the second level is accessible via a recently renovated exterior stairway. The property is fenced and cross-fenced and features a hand-built pole barn and a metal garage with carport. The oversized garage connected to the home via a breezeway and a large pond round out the amenities of this property. Please note the two parcels, Property ID 1280848 and 1621560 on Collin CAD, both included in this sale. Home will need some cosmetic work, but the property and location will b=make it worth the effort!