$362,500
●
Condo -
Off Market
1001 Eagle Point Road
Possum Kingdom Lake, TX 76449
2 Beds
0 Bath
1,502 Ft²
$2,761
Est. Monthly
$520
HOA / Fees
1.45%
Cap Rate
About This Property
Ground floor, golf course view, 2 bedroom-2 bath unit. Furnished &
ready to go. Memories await, no fuss. Enjoy sunsets from the
covered patio, BBQ on the attached private entertainment area, just
steps away from your private fenced & gated pool with loads of
parking for friends.
Eagle Point HOA dues cover building insurance, building maintenance, grounds maintenance & pool upkeep. The building has a new roof, siding & fresh paint. Cliffs POA dues provide 24-hour gate security, ground & road maintenance, 2 pool maintenance, access to the restaurant & fitness workout facility. The Cliffs Amenity Package & discounts also accompany property Ownership, while community activities include monthly Happy Hours, Spring & Fall picnics, ladies walking groups & card days while the men's golf group meets on Friday mornings. The Cliffs Marina has slips ranging in size from 24 ft to 50 ft for boating enthusiast. For nature lovers, birds of all kinds visit year-round & deer are everywhere.
Eagle Point HOA dues cover building insurance, building maintenance, grounds maintenance & pool upkeep. The building has a new roof, siding & fresh paint. Cliffs POA dues provide 24-hour gate security, ground & road maintenance, 2 pool maintenance, access to the restaurant & fitness workout facility. The Cliffs Amenity Package & discounts also accompany property Ownership, while community activities include monthly Happy Hours, Spring & Fall picnics, ladies walking groups & card days while the men's golf group meets on Friday mornings. The Cliffs Marina has slips ranging in size from 24 ft to 50 ft for boating enthusiast. For nature lovers, birds of all kinds visit year-round & deer are everywhere.
Unit Size
1,502 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$263
Property Type
Condo
Property Taxes
$301
HOA Dues
$520
Year Built
2003
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NTREIS #20497486)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2024 | Sold | ||
| Sold | |||
| Dec 20, 2023 | Listed by Coldwell Banker Realty | $395,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Garage Length: 21
Garage Width: 13
Garage Spaces: 1
Parking Features: 0
Interior Details
Interior Features: Decorative Lighting, Double Vanity, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
Appliances: Built-in Refrigerator, Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Ceramic Tile
Has Fireplace
Gas, Wood Burning
Fireplaces: 1
Exterior Details
Listing Terms: Cash, Conventional
Foundation Details: Slab
Roof: Composition
Window Features: Window Coverings
Construction Materials: Cedar, Rock/Stone
Outdoor Living Structures: Covered, Rear Porch
Pool Features: In Ground, Infinity, Private
Lot Size Source: Public Records
Lot Size Acres: 0.0890
Financial Details
Tax Lot: 22
Unexempt Taxes: $3,617
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Electric
Water Body Name: Possum Kingdom
Location Details
HOA/Condo/Coop Fee Includes: Full Use of Facilities, Insurance, Maintenance Grounds, Maintenance Structure, Management Fees, Pest Control, Security, Back Yard Maintenance, Front Yard Maintenance
HOA Fee: $520
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/07/2024
| |
2 Bed
|
2 Bath
|
1502 ft²
|
$351,000
2 Bed
2 Bath
1502 ft²
|
$320,000
-8.83%
09/26/2025
|
Nihan Yilmaz
HomeSmart Stars
|
|
12/20/2023
| |
2 Bed
|
-
|
1502 ft²
|
$395,000
2 Bed
-
1502 ft²
|
-
01/26/2024
|
Ric Hayward
Coldwell Banker Realty
|
|
10/24/2020
| |
2 Bed
|
2 Bath
|
1502 ft²
|
$275,000
2 Bed
2 Bath
1502 ft²
|
$143,800
-47.71%
03/12/2021
|
Lorin Buck
Williams Trew Real Estate
|
|
05/08/2019
| |
2 Bed
|
-
|
1502 ft²
|
$219,000
2 Bed
-
1502 ft²
|
$211,000
-3.65%
03/03/2020
|
Lorin Buck
Williams Trew Real Estate
|
|
08/23/2018
| |
2 Bed
|
2 Bath
|
1502 ft²
|
-
2 Bed
2 Bath
1502 ft²
|
-
-
|
-
|
Building Info
About Palo Pinto
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Listed by: Ric Hayward, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20497486
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20497486
Details provided by NTREIS and may not match the public record
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