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Palo Pinto 76453
1500 S Lakeview Drive
$695,000
● House - Off Market

1500 S Lakeview Drive

Gordon, TX 76453
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,043 Ft²
$765,685
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

CARPE DIEM!  PARADISE ON PALO PINTO LAKE! This property is well maintained and ready for you to start living the lake life.  FABULOUS property situated among beautiful hardwoods and ready for outdoor patio enjoyment.  Nice open concept with varied ceiling heights.  Spacious office. Beautiful stained and scored concrete floors. Lots of windows along the back for viewing the peaceful lake. Plantation shutters. Large covered back patio with beautiful ceiling. Outdoor kitchen includes built-in pellet grill, sink, refrigerator.  Super nice aluminum boat dock with seating area.  24' boat slip and lift. Personal watercraft slip and lift. Private concrete boat ramp.  24x24 shop with electricity.
Unit Size
2,043 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$340
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #14694215)

Price History

Date / Event Date Event Price
Dec 16, 2021 Sold
Premium
Sold
Oct 20, 2021 Listed by CLARK REAL ESTATE GROUP $695,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: 7
  • Garage Square Area: 504
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,187
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,571
  • Gross Building Area: 2,571
  • Building Area: 2,571
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,571
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDSTONE SHORES PP LAKE
  • Land Acres: 0000000693
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SANDSTONE SHORES PP LAKE LOT 10 G#S0055-00-00000-010-00-0

Neighborhood

  • School District Name: Santo Independent School District
  • School Tax School District: SNI HPD ESD1
  • Census Tract: 000300

Geography

  • Account Number: R000024962
  • Parcel: 205050000
  • Lot: 10
  • Municipality: GORDON
  • Latitude: 32.6339
  • Longitude: -98.2802

    Address

  • Full Address: 1500 S Lakeview Dr
  • Address - House Number: 1500
  • Street Direction: S
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Gordon
  • Carrier Code: R031
  • 4-Digit Zip Code: 4806
  • Zip Code: 76453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $934,721
  • Tax Rate Code Area: CAD 182 SN

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 880,104
  • High Value: 1,119,054
  • Low Value: 641,154

    Market Valuation

  • Market Total Value: $658,330
  • Market Land Value: $196,220
  • Market Improvement Value: $462,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $658,330
  • Assessed Land Value: $196,220
  • Assessed Improvements Value: $462,110

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Dec 27, 2022
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 8571
  • Previous Sale Recording Date: Nov 22, 2021
  • Previous Sale Contract Date: Nov 18, 2021
  • Previous Sale Document Type: 71
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:

$399,900

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2203 ft²

Average Home Age

-

Currently For Sale

294 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: Tim Clark, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14694215
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1500 South Lakeview Drive built and last sold?
The property at 1500 South Lakeview Drive was built in 2016 and last sold on Apr 4, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1500 South Lakeview Drive is $0.
What are some comparable homes to 1500 South Lakeview Drive?
There are currently no comparable homes to 1500 South Lakeview Drive.
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