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Cooke 76240
1202 Clark Road
$260,000
● Land - Off Market

1202 Clark Road

Gainesville, TX 76240
bedrooms
Studio
bathrooms
0 Bath
$2,757
Est. Monthly

About This Property

This unrestricted property is an excellent opportunity for building, offering a prime location with easy access to FM 372 in the Mountain Springs Area. It features a manufactured home suitable for residence during construction. The front offers open pasture, while the rear is densely wooded.
Unit Size
-
Days on Market
-
Land Size
11.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$302
HOA Dues
-
Year Built
1991

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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 #20629114)

Price History

Date / Event Date Event Price
Sep 19, 2024 Sold
Premium
Sold
Sep 5, 2024 In contract -
In contract
Aug 20, 2024 Price Decreased $500,000
↓ $96K (16%)
Price Decreased
Jul 3, 2024 Listed by Texas Homes and Land $595,500
Listed by Texas Homes and Land
Dec 1, 2020 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 25
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • 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: 71,874
  • Total Building Area: 1,344
  • Gross Building Area: 1,569
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESSMAN HJ
  • Land Acres: 0000001650
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: ESSMAN HJ 0358 ACRES 1.65 LABEL# TEX0451260 SN1 12517208A TITLE # MH00831531

Neighborhood

  • School District Name: Valley View Independent School District
  • School Tax School District: NCTC,RDBD,SDVV
  • Census Tract: 000702

Geography

  • Account Number: 0358-009-00000-SOL
  • Parcel: 3346
  • Municipality: GAINESVILLE
  • Latitude: 33.5495
  • Longitude: -97.053

    Address

  • Full Address: 1202 Clark Rd
  • Address - House Number: 1202
  • Address - Street Name: Clark
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Gainesville
  • Carrier Code: R007
  • 4-Digit Zip Code: 8610
  • Zip Code: 76240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $173,679
  • Tax Rate Code Area: 72,CCOK,FM

    Appraisal Valuation

  • Standard Deviation: 0.2664
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 222,538
  • High Value: 281,840
  • Low Value: 163,236

    Market Valuation

  • Market Total Value: $124,814
  • Market Land Value: $54,468
  • Market Improvement Value: $70,346

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,814
  • Assessed Land Value: $54,468
  • Assessed Improvements Value: $70,346

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-09767
  • Previous Sale Recording Date: Jul 16, 2019
  • Previous Sale Contract Date: Jul 10, 2019
  • Previous Sale Amount: $372,000
  • 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 Cooke

Stats & Trends

Median Asking:

$342,000

Sale Price/ft²

$181

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2250 ft²

Average Home Age

-

Currently For Sale

293 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

Rentals Near You

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NTREIS

Listed by: Coryann Johnson, Texas Homes and Land
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20629114
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1202 Clark Road built and last sold?
The property at 1202 Clark Road was built in 1991 and last sold on Dec 1, 2020 for $200,000.
How much is this home worth?
The estimated value of the home located at 1202 Clark Road is $0.
What are some comparable homes to 1202 Clark Road?
There are currently no comparable homes to 1202 Clark Road.
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