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Palo Pinto 76449
1208 Green Elm
$445,000
● House - Off Market

1208 Green Elm

Possum Kingdom Lake, TX 76449
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$467,182
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

**PRICE IMPROVEMENT** No waiting, move-in ready! Ready to move to the LAKE? BRAND NEW SUBDIVISION ~ WATER RIDGE This beautiful home features 4 bedrooms two of which are dual master suites. Flooring will be ceramic wood plank style tile in all the living areas, tile in the bathrooms and carpet in the bedrooms. Extra-large garage with 15' tall entry door for your RV or boat. Sprinkler system, fenced yard, landscaping done! You will enjoy this beautiful home year round! Open floor plan with wood burning fireplace. Enjoy your outdoor patio with another wood burning fireplace. As a Water Ridge property owner you will enjoy amenities that include boat ramp, day slips, sand volleyball and picnic tables on the waterfront at Tranquility Cove. There is a community pool and clubhouse within the subdivision.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$233
Property Type
House
Property Taxes
$18
HOA Dues
$60
Year Built
-

Payment Calculator

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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 #20124200)

Price History

Date / Event Date Event Price
Jun 8, 2023 Sold
Premium
Sold
Jul 25, 2022 Listed by Gibson Realty Group, LLC $466,400
Listed by Gibson Realty Group, LLC

Property Highlights

Garage
Fireplace

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: 21,780
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WATER RIDGE ESTATES
  • Land Acres: 0000000500
  • Standard Land Use Code: 8014
  • County Land Use Code: O
  • Legal Description 1: WATER RIDGE ESTATES BLK A LOT 9 G#W0500-00-000A0-009-00-0

Neighborhood

  • School District Name: Mineral Wells Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000100

Geography

  • Account Number: R000566116
  • Parcel: 226290190
  • Block: A
  • Lot: 9
  • Latitude: 32.9444
  • Longitude: -98.4008

    Address

  • Full Address: 1208 Green Elm Rd
  • Address - House Number: 1208
  • Address - Street Name: Green Elm
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H052
  • 4-Digit Zip Code: 1552
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $598,068
  • Tax Rate Code Area: CAD 182 GR

    Market Valuation

  • Market Total Value: $405,240
  • Market Land Value: $56,250
  • Market Improvement Value: $348,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $405,240
  • Assessed Land Value: $56,250
  • Assessed Improvements Value: $348,990

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3192

    Financing

  • First Mortgage Financing Type: ADJ
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 Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2243 ft²

Average Home Age

-

Currently For Sale

285 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

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NTREIS

Listed by: Ronda Gibson Brown, Gibson Realty Group, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20124200
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1208 Green Elm Road built and last sold?
The property at 1208 Green Elm Road was built in and last sold on Jun 8, 2023 for $503,072.
How much is this home worth?
The estimated value of the home located at 1208 Green Elm Road is $0.
What are some comparable homes to 1208 Green Elm Road?
There are currently no comparable homes to 1208 Green Elm Road.
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