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Wood 75783
1150 County Road 1416
$316,500
● Mobile Manufactured - Off Market

1150 County Road 1416

Quitman, TX 75783
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,980 Ft²
$1,787
Est. Monthly
9.05%
Cap Rate

About This Property

Waterfront home on Lake Quitman with breathtaking lake views. This well-cared-for single-wide home, built in 1994, measures 18ft x 76ft and now includes 4 bedrooms and 3 full bathrooms. The owner added an additional primary bedroom and mudroom that features a bay window overlooking the water, an ensuite bathroom, and a cedar-lined closet. The open concept living area includes a spacious kitchen, living, and dining space with stainless steel appliances, Corian countertops, built-in decorative cabinets, and under-cabinet lighting. Outdoors, enjoy a large covered entertaining area, mature trees, landscaped flower beds, a fishing pier, carport, RV carport, generator, and two metal storage buildings.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$174
Property Type
Mobile Manufactured
Property Taxes
$93
HOA Dues
-
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: 2 years ago (NTREIS #20758228)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 6, 2024 In contract -
In contract
Oct 18, 2024 Listed by Lone Star Realty $345,000
Listed by Lone Star Realty

Property Highlights

Air Conditioning

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

    Dimensions

  • Lot Size Square Feet: 6,665
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 1,980
  • Gross Building Area: 3,565
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000153
  • Standard Land Use Code: 1015
  • County Land Use Code: A3
  • Legal Description 1: MORSE ADD, BLOCK 1, LOT2,3, TEX 505955

Neighborhood

  • School District Name: Hawkins Independent School District
  • Census Tract: 950303

Geography

  • Account Number: 2040-0001-0020-45
  • Parcel: 34209
  • Block: 1
  • Lot: 2,3
  • Municipality: QUITMAN
  • Latitude: 32.8599
  • Longitude: -95.4437

    Address

  • Full Address: 1150 County Road 1416
  • Address - House Number: 1150
  • Address - Street Name: County Road 1416
  • State: TX
  • City Name: Quitman
  • Carrier Code: R092
  • 4-Digit Zip Code: 4452
  • Zip Code: 75783

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,919
  • Tax Rate Code Area: GWD HXX SQ

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 65
  • Final Value: 147,323
  • High Value: 183,712
  • Low Value: 110,935

    Market Valuation

  • Market Total Value: $70,460
  • Market Land Value: $22,930
  • Market Improvement Value: $47,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,460
  • Assessed Land Value: $22,930
  • Assessed Improvements Value: $47,530

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Wood

Stats & Trends

Median Asking:

$314,950

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2022 ft²

Average Home Age

-

Currently For Sale

278 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

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NTREIS

Listed by: Kristine Samples, Lone Star Realty
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20758228
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1150 County Rd 1416 built and last sold?
The property at 1150 County Rd 1416 was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1150 County Rd 1416 is $0.
What are some comparable homes to 1150 County Rd 1416?
There are currently no comparable homes to 1150 County Rd 1416.
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