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Palo Pinto 76449
1396 Pk Hills Boulevard
$110,000
● Land - Off Market

1396 Pk Hills Boulevard

Graford, TX 76449
bedrooms
Studio
bathrooms
0 Bath
$712
Est. Monthly
$67
HOA / Fees

About This Property

Slightly more than ten acres of mostly level land with trees and native grasses. There are two five acres lots side by side which could be sold together.  Water impact fees have already been paid. Lot ownership permits the use of all of the neighborhood amenities including; a community clubhouse with pool and fitness center, boat storage area, community dock, boat launch, picnic area and cabin, lakefront area, fishing pond, walking trail, and twenty miles of private roads behind the gates. No timeline to commence building or designated builder to work with. Water impact fees have been paid for both lots.
Unit Size
-
Days on Market
-
Land Size
10.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$55
HOA Dues
$67
Year Built
-

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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: 2 years ago (NTREIS #20247933)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 24, 2024 In contract -
In contract
Oct 16, 2024 Price Decreased $120,000
↓ $60K (33.3%)
Price Decreased
Jan 27, 2023 Listed by RE/MAX Elite Group $180,000
Listed by RE/MAX Elite Group

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: 226,512
  • 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: 0000005200
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: HILLS ABOVE POSSUM KINGDOM PH 2 SEC 3 LT 173 G#H0000-02-00300-173-00-0

Neighborhood

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

Geography

  • Account Number: R000034111
  • Subdivision Phase Number: 2
  • Parcel: 137700500
  • Lot: 173
  • Municipality: GRAFORD
  • Latitude: 32.9641
  • Longitude: -98.3759

    Address

  • Full Address: 1396 Pk Hills Blvd
  • Address - House Number: 1396
  • Address - Street Name: Pk Hills
  • Address - Suffix Type: Blvd
  • State: TX
  • City Name: Graford
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $72,907
  • Tax Rate Code Area: CAD 182 GR

    Market Valuation

  • Market Total Value: $49,400
  • Market Land Value: $49,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,400
  • Assessed Land Value: $49,400
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

86

Average Home Size

2249 ft²

Average Home Age

-

Currently For Sale

279 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: Judy Smith, RE/MAX Elite Group
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20247933
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1396 Pk Hills Boulevard built and last sold?
The property at 1396 Pk Hills Boulevard was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1396 Pk Hills Boulevard is $0.
What are some comparable homes to 1396 Pk Hills Boulevard?
There are currently no comparable homes to 1396 Pk Hills Boulevard.
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