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Palo Pinto 76449
1016 Redbud Circle
$1,300,000
● House - Off Market

1016 Redbud Circle

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
3,000 Ft²
$1,946,588
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

This beautiful Possum Kingdom Lake home was designed with family in mind. Open kitchen, living room and dining area are perfect for large crowds. Comfort encompasses you the minute you enter this home. Property has 3 bedrooms and 3 bath, with 2 living areas. 2 car detached garage, barndominium has additional 2 bedrooms with bunks and bath for extra guests. Enjoy PK lake on your two-story dock with boat lift and double Sea Doo lift. This home is waiting for you to move in and enjoy the lake life.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$480
Property Type
House
Property Taxes
$1,421
HOA Dues
$67
Year Built
1976

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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 #14317057)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Apr 5, 2020 Listed by Clark Real Estate Group $1,440,000
Listed by Clark Real Estate Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 945
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,157
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,749
  • Gross Building Area: 4,749
  • Building Area: 4,749
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,749
  • 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: 0000000853
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: GAINES BEND PK LAKE BLK 1 LOT 140 (& PT OF 141) DEEDED LAND G#G0050-00-00010-140-00-0

Neighborhood

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

Geography

  • Account Number: R000016439
  • Parcel: 125260000
  • Block: 1
  • Lot: 140
  • Municipality: GRAFORD
  • Latitude: 32.8769
  • Longitude: -98.4665

    Address

  • Full Address: 1016 Redbud Cir
  • Address - House Number: 1016
  • Address - Street Name: Redbud
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 6024
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,431,206
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 1,289,007
  • High Value: 1,873,733
  • Low Value: 704,280

    Market Valuation

  • Market Total Value: $1,793,140
  • Market Land Value: $529,390
  • Market Improvement Value: $1,263,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,793,140
  • Assessed Land Value: $529,390
  • Assessed Improvements Value: $1,263,750

    Sales

  • Current Sale Contract Date: Mar 26, 2013
  • Current Sale Recording Date: Mar 28, 2013
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013-00001878
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

2282 ft²

Average Home Age

-

Currently For Sale

292 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: Dee Dee Jordan, Clark Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14317057
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1016 Redbud Circle built and last sold?
The property at 1016 Redbud Circle was built in 1976 and last sold on Mar 26, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 1016 Redbud Circle is $0.
What are some comparable homes to 1016 Redbud Circle?
There are currently no comparable homes to 1016 Redbud Circle.
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