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Palo Pinto 76449
1015 Cardinal Cove
$1,720,000
● House - Off Market

1015 Cardinal Cove

Possum Kingdom Lake, TX 76449
bedrooms
6 Beds
bathrooms
0 Bath
square feet
4,884 Ft²
$2,545,420
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Custom home on almost one-acre gradual slopping WATERFRONT lot in the private, gated community of Gaines Bend at Possum Kingdom Lake.  Water views from almost every room in this SIX BEDROOM, FOUR BATHROOM beautiful Texas rustic-style home.  Large lakeside outdoor entertainment area complete with kitchen, fireplace and fire pit.  Enjoy the lake on your two-story dock with boat lift and double personal watercraft lifts.  Property has a gated, circle drive and three-car garage with one garage bay leading to the lakeside of the

home. Gorgeous home waiting for you to move in and enjoy!
Unit Size
4,884 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$364
Property Type
House
Property Taxes
$2,583
HOA Dues
$67
Year Built
2012

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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 #14290745)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 27, 2020 Listed by Berkshire HathawayHS Pondera $1,780,000
Listed by Berkshire HathawayHS Pondera

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,058
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,893
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,884
  • Gross Building Area: 4,884
  • Building Area: 4,884
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,884
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GAINES BEND PK LAKE
  • Land Acres: 0000000824
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: GAINES BEND PK LAKE BLK 1 LOT 44 DEEDED LAND G#G0050-00-00010-044-00-0

Neighborhood

  • School District Name: Palo Pinto Independent School District
  • School Tax School District: PPI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000016368
  • Parcel: 124620000
  • Block: 1
  • Lot: 44
  • Municipality: GRAFORD
  • Latitude: 32.8691
  • Longitude: -98.4554

    Address

  • Full Address: 1015 Cardinal Cv
  • Address - House Number: 1015
  • Address - Street Name: Cardinal
  • Address - Suffix Type: Cv
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4537
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,030,405
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 1,697,270
  • High Value: 2,467,194
  • Low Value: 927,345

    Market Valuation

  • Market Total Value: $2,235,080
  • Market Land Value: $528,120
  • Market Improvement Value: $1,706,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,235,080
  • Assessed Land Value: $528,120
  • Assessed Improvements Value: $1,706,960

    Sales

  • Current Sale Contract Date: Mar 27, 2020
  • Current Sale Recording Date: Mar 31, 2020
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-00001654
  • Previous Sale Recording Date: Apr 21, 2005
  • Previous Sale Contract Date: Apr 15, 2005
  • Previous Sale Amount: $679,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2278 ft²

Average Home Age

-

Currently For Sale

293 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Linda Fewell, Berkshire HathawayHS Pondera
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14290745
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1015 Cardinal Cove built and last sold?
The property at 1015 Cardinal Cove was built in 2012 and last sold on Mar 27, 2020 for $0.
How much is this home worth?
The estimated value of the home located at 1015 Cardinal Cove is $0.
What are some comparable homes to 1015 Cardinal Cove?
There are currently no comparable homes to 1015 Cardinal Cove.
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