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Palo Pinto 76449
1040 Chapel Ridge Road
$645,000
● House - Off Market

1040 Chapel Ridge Road

Graford, TX 76449
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,486 Ft²
$4,681
Est. Monthly
$567
HOA / Fees
1.84%
Cap Rate

About This Property

SINGLE FAMILY UNDER 700k located in the amenity rich Harbor community. This fully furnished home overlooks a peaceful pond with scenic Palo Pinto mountain views. Open concept living and dining, ideal for entertaining at the lake! Attached garage, granite counters, outdoor kitchen, spacious rooms, turn key and so much more! Walking distanced to resort pool! The Harbor, a gated community on Possum Kingdom Lake, offers an array of amenities including a sports complex, fitness center-spa, fishing ponds, lake access, community events, walking trails, playground, and MORE!
Unit Size
2,486 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$280
Property Type
House
Property Taxes
$702
HOA Dues
$567
Year Built
-

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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 #20554936)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Mar 7, 2024 Listed by Century 21 Mike Bowman, Inc. $695,000
Listed by Century 21 Mike Bowman, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • 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: 318
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,316
  • Total Building Area: 2,550
  • Gross Building Area: 2,550
  • Building Area: 2,550
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL COUNTRY HARBOR VILLAS
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: HILL COUNTRY HARBOR VILLAS PH 2A BLK C LT 1 G#H0393-00-0000C-001-00-0

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD WSD1
  • Census Tract: 000100

Geography

  • Account Number: R000565271
  • Subdivision Phase Number: 2A
  • Parcel: 136777435
  • Block: C
  • Lot: 1
  • Municipality: GRAFORD
  • Latitude: 32.8851
  • Longitude: -98.4445

    Address

  • Full Address: 1040 Chapel Ridge Rd
  • Address - House Number: 1040
  • Address - Street Name: Chapel Ridge
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $841,794
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 596,453
  • High Value: 758,391
  • Low Value: 434,514

    Market Valuation

  • Market Total Value: $432,390
  • Market Land Value: $25,000
  • Market Improvement Value: $407,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,390
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $407,390

    Sales

  • Current Sale Contract Date: Feb 28, 2020
  • Current Sale Recording Date: Mar 03, 2020
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2020-00001168
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:

$395,000

Sale Price/ft²

$214

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2282 ft²

Average Home Age

-

Currently For Sale

287 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

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NTREIS

Listed by: Michael Avidon, Century 21 Mike Bowman, Inc.
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20554936
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1040 Chapel Ridge Road built and last sold?
The property at 1040 Chapel Ridge Road was built in and last sold on Feb 28, 2020 for $0.
How much is this home worth?
The estimated value of the home located at 1040 Chapel Ridge Road is $0.
What are some comparable homes to 1040 Chapel Ridge Road?
There are currently no comparable homes to 1040 Chapel Ridge Road.
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