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Panola 75633
120 County Road 1838
$554,999 Last Listed Price
● House - Off Market

120 County Road 1838

Carthage, TX 75633
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,860 Ft²
$3,024
Est. Monthly
$8
HOA / Fees

About This Property

Gorgeous Lake Murvaul waterfront home on large deeded lot in Carthage ISD. This renovated home has 3 bedrooms and 2 baths in the main house with an additional 2 bedroom 1 bath basement apartment.  A Generac whole house generator for power outages. Quartz counters in the kitchen and bathrooms. Walk out of the living room with fireplace on to your large deck overlooking the lake.  The boathouse has a large deck for fishing, swimming or relaxing.  Make this your primary home, vacation home or you can AirBNB.  Updates in 2020 include the following: 1.Wiring 2. Plumbing 3. CH/CA 4. Roof 5. Flooring 6. Paint 7. Windows 8. Lighting 9. Deck 10. Gutters 11. Boathouse and decking
Unit Size
2,860 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$194
Property Type
House
Property Taxes
$290
HOA Dues
$8
Year Built
1977

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (HAR #15223208)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Jun 7, 2024 No longer available -
No longer available
Jun 6, 2024 In contract -
In contract
Apr 2, 2024 Listed by Scarborough Realty Group $554,999
Listed by Scarborough Realty Group
Jan 23, 2024 Price Decreased $579,000
↓ $21K (3.5%)
Price Decreased
Show More

Property Highlights

Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 0
  • Building Condition: 6
  • 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: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,863
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,866
  • Gross Building Area: 5,866
  • Building Area: 5,866
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,460
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENRY RITTER SUB
  • Land Acres: 0000000456
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: HENRY RITTER SUB PT LT

Neighborhood

  • School District Name: Carthage Independent School District
  • Census Tract: 950500

Zoning

  • Zoning: 05

Geography

  • Account Number: 01655-00130-00000-000000
  • Parcel: 4560
  • Lot: P-15
  • Municipality: CARTHAGE
  • Latitude: 32.0468
  • Longitude: -94.4384

    Address

  • Full Address: 120 County Road 1838
  • Address - House Number: 120
  • Address - Street Name: County Road 1838
  • State: TX
  • City Name: Carthage
  • Carrier Code: R004
  • 4-Digit Zip Code: 5457
  • Zip Code: 75633

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $348,499
  • Tax Rate Code Area: 1 3 6 31 6

    Appraisal Valuation

  • Standard Deviation: 0.2477
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 509,629
  • High Value: 635,899
  • Low Value: 383,358

    Open Liens

  • First Open Lien Mortgage Lender:
    Premium
  • First Open Lien Mortgage Recording Date:
    Premium
  • First Open Lien Mortgage Loan Amount:
    Premium
  • First Open Lien Mortgage Term:
    Premium
  • First Open Lien Mortgage Position:
    Premium
  • First Open Lien Mortgage Loan Type:
    Premium
  • First Open Lien Mortgage Loan Due Date:
    Premium

    Market Valuation

  • Market Total Value: $232,440
  • Market Land Value: $24,910
  • Market Improvement Value: $207,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,440
  • Assessed Land Value: $24,910
  • Assessed Improvements Value: $207,530

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 226673
  • Previous Sale Recording Date: Jul 30, 2007
  • Previous Sale Contract Date: Jul 27, 2007
  • Previous Sale Amount: $181,300
  • 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 Panola

Stats & Trends

Median Asking:

$254,450

Sale Price/ft²

$119

Below Asking

0.04%

Average Days on Market

153

Average Home Size

2377 ft²

Average Home Age

28.3 years

Currently For Sale

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

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Currently no similar homes around

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HAR

Listed by: Alan Scarborough, Scarborough Realty Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 15223208
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 120 County Rd 1838 built and last sold?
The property at 120 County Rd 1838 was built in 1977 and last sold on Aug 3, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 120 County Rd 1838 is $591,570.
What are some comparable homes to 120 County Rd 1838?
There are currently no comparable homes to 120 County Rd 1838.
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