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Palo Pinto 76449
1507 MCADAMS Road
$675,000
● House - Off Market

1507 MCADAMS Road

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,679 Ft²
$988,218
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Comfortable elegance with a cool vibe! Once you enter this completely remodeled, DEEDED waterfront lake home all your worries will disappear. Comes completely turn key, furnished and ready to enjoy. Beautifully constructed new 576 sq ft fabulous Bunkhouse sleeps 8-10 easily. New steel pergola w electricity, ceiling fan, outdoor lighting, gas grill, gas griddle and pit boss smoker. The screened-in porch facing the lake will be a favorite for friends and family to gather. Recent roof, new paint, HVAC, professionally installed 4k TV's and electronics and more. You won't find a better setting to enjoy the best sunsets on Possum Kingdom Lake. Two slip dock with lifts complete it all. The time is now this won't last!
Unit Size
1,679 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$414
Property Type
House
Property Taxes
$364
HOA Dues
-
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: 3 years ago (NTREIS #14300160)

Price History

Date / Event Date Event Price
Apr 17, 2020 Sold
Premium
Sold
Mar 9, 2020 Listed by eXp Realty LLC $695,000
Listed by eXp Realty LLC

Property Highlights

Air Conditioning
Fireplace

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: 19,646
  • 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: R
  • Subdivision: CONSTANTIN PK LAKE
  • Land Acres: 0000000451
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: ACRES: 0.451 CONSTANTIN PK LAKE LOT 13 G#C0550-00-00000-013-01-1

Neighborhood

  • School District Name: Graford Independent School District
  • Census Tract: 000100

Geography

  • Account Number: R000563802
  • Parcel: 113290110
  • Lot: 13
  • Municipality: GRAFORD
  • Latitude: 32.9035
  • Longitude: -98.4387

    Address

  • Full Address: 1507 Mcadams Rd
  • Address - House Number: 1507
  • Address - Street Name: Mcadams
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 3183
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $224,991
  • Tax Rate Code Area: 182 ESD1 G

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Jul 24, 2019
  • Confidence Score: 77
  • Final Value: 245,774
  • High Value: 302,268
  • Low Value: 189,279

    Market Valuation

  • Market Total Value: $118,810
  • Market Land Value: $118,810

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $118,810
  • Assessed Land Value: $118,810

    Sales

  • Current Sale Contract Date: Apr 26, 2005
  • Current Sale Recording Date: Jan 11, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2012-00000190
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: Jan Johanson, eXp Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14300160
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1507 McAdams Road built and last sold?
The property at 1507 McAdams Road was built in and last sold on Apr 26, 2005 for $134,508.
How much is this home worth?
The estimated value of the home located at 1507 McAdams Road is $0.
What are some comparable homes to 1507 McAdams Road?
There are currently no comparable homes to 1507 McAdams Road.
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