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Palo Pinto 76449
1261 Evening Primrose Drive
$34,000
● Land - Off Market

1261 Evening Primrose Drive

Graford, TX 76449
bedrooms
Studio
bathrooms
0 Bath
$35,406
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Over 2 acres of amazing LAKE VIEW build site located in The Hills Above Possum Kingdom. Whether you build your new lake home on the lower level of this lot, or take advantage of the elevation to build higher, views of Possum Kingdom Lake will be outside your door. There are builds close by so you can actually see what your finished product might look like. No time limit to build, and owners have full use of property amenities such as zero edge pool, clubhouse, boat ramp and courtesy slips, dry boat storage, community fishing pond and more. No mobile homes or RV's allowed. All build restrictions can be found at pkhillsassociation.org
Unit Size
-
Days on Market
-
Land Size
2.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$24
HOA Dues
$67
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 #20003946)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
Mar 4, 2022 Listed by Coldwell Banker Realty $35,000
Listed by Coldwell Banker Realty

Property Highlights

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: 87,556
  • 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: HILLS ABOVE POSSUM KINGDOM
  • Land Acres: 0000002010
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: HILLS ABOVE POSSUM KINGDOM PH 2 SEC 3 LT 248 G#H0000-02-00300-248-00-0

Neighborhood

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

Geography

  • Account Number: R000034186
  • Subdivision Phase Number: 2
  • Parcel: 137715500
  • Lot: 248
  • Municipality: GRAFORD
  • Latitude: 32.9739
  • Longitude: -98.3783

    Address

  • Full Address: 1261 Evening Primrose Dr
  • Address - House Number: 1261
  • Address - Street Name: Evening Primrose
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graford
  • Carrier Code: H052
  • 4-Digit Zip Code: 2002
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $37,087
  • Tax Rate Code Area: CAD 182 GR

    Market Valuation

  • Market Total Value: $25,130
  • Market Land Value: $25,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,130
  • Assessed Land Value: $25,130

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4743
  • Previous Sale Recording Date: Sep 11, 2008
  • Previous Sale Contract Date: Sep 05, 2008
  • Previous Sale Document Type: 71

    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

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2278 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

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NTREIS

Listed by: Tony Klapper, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20003946
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1261 Evening Primrose Drive built and last sold?
The property at 1261 Evening Primrose Drive was built in and last sold on Jun 16, 2022 for $38,437.
How much is this home worth?
The estimated value of the home located at 1261 Evening Primrose Drive is $0.
What are some comparable homes to 1261 Evening Primrose Drive?
There are currently no comparable homes to 1261 Evening Primrose Drive.
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