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Brown 76801
123 Old Lane
$480,000
● House - Off Market

123 Old Lane

Brownwood, TX 76801
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,270 Ft²
$525,435
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

SPECTACULAR HOME ON OVER TWO ACRES WITH OVER 170 FT OF DEEP WATERFRONT ON THE MAIN BODY OF BROWNWOOD LAKE. DESIGNED FOR FULL TIME E-Z LIVING WITH 4 BEDROOMS, 2 BATH WITH MANY UPDATES.  FROM NEW WOOD FLOORING, WINDOWS, SHEETROCK, PAINTING, LIGHTING.  GOOD SIZE KITCHEN WITH AN ISLAND A LOTS OF CABINETS. KITCHEN AND THE LIVING ROOM HAS A BEAUTIFUL VIEW OF THE LAKE WITH A WOOD BURNING FIREPLACE. SPLIT BEDROOM ARRANGEMENT WITH MASTER HAVING A WALK-IN CLOSET.  LAUNDRY ROOM HAS LOTS OF STORAGE AND FOLDING TABLE. COVERED PATIO WITH STEPS DOWN TO THE NEW SELF CLEANING HEATED IN-GROUND POOL WITH JACCUZI.  BOAT DOCK WITH A LIFT, BEACH FRONT, PARTA ROOM, GARDEN AREA, RV AND BOAT PARKING.  FENCED WITH A STORAGE BUILDING
Unit Size
2,270 Ft²
Days on Market
-
Land Size
2.07 acres
Price per sqft
$220
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1970

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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 #14732470)

Price History

Date / Event Date Event Price
Feb 11, 2022 Sold
Premium
Sold
Jan 1, 2022 Listed by Canda Rasberry Team LLC $499,000
Listed by Canda Rasberry Team LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 442
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,787
  • Lot Size Depth Feet: 4,750
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,271
  • Gross Building Area: 7,239
  • Building Area: 2,271
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,271
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERTSONS POINT
  • Land Acres: 0000001648
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: ROBERTSONS POINT, LOT 12 W, 13 E, BOAT DOCK #5038, ACRES 1.648

Neighborhood

  • School District Name: Bangs Independent School District
  • Census Tract: 950202

Geography

  • Account Number: R7511-0012-00
  • Parcel: 43309
  • Lot: 12
  • Municipality: BROWNWOOD
  • Latitude: 31.8322
  • Longitude: -99.0501

    Address

  • Full Address: 123 Old Ln
  • Address - House Number: 123
  • Address - Street Name: Old
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Brownwood
  • Carrier Code: R005
  • 4-Digit Zip Code: 0438
  • Zip Code: 76801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $630,182
  • Tax Rate Code Area: GBC RRF SB

    Appraisal Valuation

  • Standard Deviation: 0.231
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 602,989
  • High Value: 742,327
  • Low Value: 463,651

    Market Valuation

  • Market Total Value: $505,630
  • Market Land Value: $75,050
  • Market Improvement Value: $430,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505,630
  • Assessed Land Value: $75,050
  • Assessed Improvements Value: $430,580

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 962
  • Previous Sale Recording Date: Apr 07, 2020
  • Previous Sale Contract Date: Apr 03, 2020
  • Previous Sale Amount: $52,000
  • 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 Brown

Stats & Trends

Median Asking:

$214,900

Sale Price/ft²

$142

Below Asking

0.04%

Average Days on Market

74

Average Home Size

1966 ft²

Average Home Age

-

Currently For Sale

212 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: Canda Rasberry, Canda Rasberry Team LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14732470
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 123 Old Lane built and last sold?
The property at 123 Old Lane was built in 1970 and last sold on Feb 11, 2022 for $574,560.
How much is this home worth?
The estimated value of the home located at 123 Old Lane is $0.
What are some comparable homes to 123 Old Lane?
There are currently no comparable homes to 123 Old Lane.
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