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Hood 76462
11224 Brock Highway
$295,000
● House - Off Market

11224 Brock Highway

Lipan, TX 76462
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,126 Ft²
$1,940
Est. Monthly
7.87%
Cap Rate

About This Property

Affordable Country Living on 4 Acres in a 2126 sq ft 4-2 in Lipan Area on Brock Hwy!!!  This property was Remodeled and Updated in 2014 and would be a Great Family Residence or an Investment Property.  Located only 3 miles outside of Lipan and from the highly acclaimed Lipan ISD it is truly a Hidden Gem and Priced to Sell!!!  Horses, Livestock and Pets welcome or use for Recreational Purposes as this property has NO Restrictions!   Call and Schedule a Showing Today!
Unit Size
2,126 Ft²
Days on Market
-
Land Size
4.00 acres
Price per sqft
$146
Property Type
House
Property Taxes
$417
HOA Dues
-
Year Built
1970

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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 #20370703)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Jul 1, 2023 Listed by CLARK REAL ESTATE GROUP $309,995
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 174,240
  • Total Building Area: 2,126
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH P CLINCHY SURVEY ABSTRACT #93
  • Land Acres: 0000004000
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ACRES: 4.000 ABST: C KNEASS - ABST 310 & ABST 93 J P CLINCH

Neighborhood

  • School District Name: Lipan Independent School District
  • Census Tract: 160302

Geography

  • Assessors Map Reference: MAP 146
  • Parcel: 20310.000.0100.0
  • Municipality: LIPAN
  • Latitude: 32.5388
  • Longitude: -98.0028

    Address

  • Full Address: 11224 Brock Hwy
  • Address - House Number: 11224
  • Address - Street Name: Brock
  • Address - Suffix Type: Hwy
  • State: TX
  • City Name: Lipan
  • Carrier Code: R005
  • 4-Digit Zip Code: 6348
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,188
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2135
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 70
  • Final Value: 454,452
  • High Value: 551,482
  • Low Value: 357,421

    Market Valuation

  • Market Total Value: $394,150
  • Market Land Value: $140,000
  • Market Improvement Value: $254,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,150
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $254,150

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1055
  • Previous Sale Recording Date: Apr 27, 2015
  • Previous Sale Contract Date: Apr 17, 2015
  • Previous Sale Amount: $200,600
  • 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 Hood

Stats & Trends

Median Asking:

$359,888

Sale Price/ft²

$192

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2117 ft²

Average Home Age

19.8 years

Currently For Sale

658 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

Currently no nearby rentals
NTREIS

Listed by: Brad Harrison, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20370703
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 11224 Brock Highway built and last sold?
The property at 11224 Brock Highway was built in 1970 and last sold on Jan 26, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 11224 Brock Highway is $318,776.
What are some comparable homes to 11224 Brock Highway?
There are currently no comparable homes to 11224 Brock Highway.
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