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Sherwood Shores 76245
1504 Lake Road
$235,000
● House - Off Market

1504 Lake Road

Gordonville, TX 76245
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,053 Ft²
$1,255
Est. Monthly
8.27%
Cap Rate

About This Property

Beautiful property on Lake Road at Lake Texoma right across the street from Army Corps of Engineers land. The property features an amazing deck to watch the sunrise across Lake Texoma. The house has lots of natural lighting for the open concept floor plan. Close to Mega Star Casino, Cedar Mills, Cedar Bayou, and Juniper Point. Perfect Lake Texoma home for full time living, vacation, or rental. Firepit in the front yard for all your evenings at Lake Texoma. Frigidaire French door refrigerator, and LG front load stacked washer and dryer included. Furniture could be included.
Unit Size
1,053 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$214
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1964

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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 #20689811)

Price History

Date / Event Date Event Price
Sep 6, 2024 Sold
Premium
Sold
Aug 7, 2024 In contract -
In contract
Jul 31, 2024 Listed by Real Life Realty, LLC $225,000
Listed by Real Life Realty, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 2009
  • Building Count: 1
  • 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 Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 190
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 986
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 986
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHERWOOD SHORES UNIT 1
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SHERWOOD SHORES UNIT 1, LOT 815, ACRES 0.1148

Neighborhood

  • School District Name: Whitesboro Independent School District
  • Census Tract: 000304

Geography

  • Assessors Map Reference: 115-K
  • Parcel: 102355
  • Lot: 815
  • Municipality: UNINCORPORATED
  • Latitude: 33.8528
  • Longitude: -96.805

    Address

  • Full Address: 1504 Lake Rd
  • Address - House Number: 1504
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Gordonville
  • Carrier Code: R002
  • 4-Digit Zip Code: 2748
  • Zip Code: 76245

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $179,134
  • Tax Rate Code Area: SWB

    Appraisal Valuation

  • Standard Deviation: 0.266
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 228,637
  • High Value: 289,465
  • Low Value: 167,808

    Market Valuation

  • Market Total Value: $114,785
  • Market Land Value: $32,250
  • Market Improvement Value: $82,535

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $114,785
  • Assessed Land Value: $32,250
  • Assessed Improvements Value: $82,535

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 2015
  • Current Sale Recording Date: Sep 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2015-00018553
  • Previous Sale Recording Date: Jun 20, 2007
  • Previous Sale Contract Date: Jun 19, 2007
  • 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 Sherwood Shores

Stats & Trends

Median Asking:

$202,500

Sale Price/ft²

$166

Below Asking

0.05%

Average Days on Market

80

Average Home Size

1349 ft²

Average Home Age

34.8 years

Currently For Sale

16 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

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Andrea Foss, Real Life Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20689811
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1504 Lake Road built and last sold?
The property at 1504 Lake Road was built in 1964 and last sold on Sep 18, 2015 for $114,000.
How much is this home worth?
The estimated value of the home located at 1504 Lake Road is $0.
What are some comparable homes to 1504 Lake Road?
There are currently no comparable homes to 1504 Lake Road.
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