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Hood 76462
12001 Brock Highway
$635,000
● House - Off Market

12001 Brock Highway

Lipan, TX 76462
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,846 Ft²
$654,053
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

13 acres combining Texas charm with country living in the Lipan Area!  Great location for country life but not far from all the hustle and bustle. Open concept home big living room and kitchen. The kitchen has granite countertops, stainless steel dishwasher and stove with a big double farm front sink and abundance of beautiful custom cabinets. This newly remodeled home pulls out all the stops for that down home come on it feel. Big bedrooms with plenty of storage space. Out back find an in-ground pool and big shop with covered carport for vehicles and roll up doors for easy in and out access, lots of possibilities with this one. Bring your animals too because there is plenty of pasture and room for animals or build barns or an arena. This is an opportunity with a blank slate for what fits your needs.
Unit Size
2,846 Ft²
Days on Market
-
Land Size
12.95 acres
Price per sqft
$228
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1978

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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 #20019562)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Mar 28, 2022 Listed by CLARK REAL ESTATE GROUP $649,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 3
  • Garage Square Area: 529
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 2,846
  • Building Area: 2,846
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,846
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISAAC EAVES SURVEY ABSTRACT #165
  • Land Acres: 0000002000
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ACRES: 2.000 ABST: I EAVES - ABST 165

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 146
  • Parcel: 20165.000.0080.0
  • Municipality: LIPAN
  • Latitude: 32.533
  • Longitude: -98.0244

    Address

  • Full Address: 12001 Brock Hwy
  • Address - House Number: 12001
  • Address - Street Name: Brock
  • Address - Suffix Type: Hwy
  • State: TX
  • City Name: Lipan
  • Carrier Code: R005
  • 4-Digit Zip Code: 6343
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $583,816

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 525,174
  • High Value: 628,357
  • Low Value: 421,990

    Market Valuation

  • Market Total Value: $428,010
  • Market Land Value: $37,000
  • Market Improvement Value: $391,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $428,010
  • Assessed Land Value: $37,000
  • Assessed Improvements Value: $391,010

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8129
  • Previous Sale Recording Date: Aug 28, 2013
  • Previous Sale Contract Date: Aug 22, 2013
  • Previous Sale Amount: $421,900
  • Previous Sale Document Type: 40
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# 20019562
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 12001 Brock Highway built and last sold?
The property at 12001 Brock Highway was built in 1978 and last sold on May 13, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 12001 Brock Highway is $655,490.
What are some comparable homes to 12001 Brock Highway?
There are currently no comparable homes to 12001 Brock Highway.
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