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Emerald Bay 75757 Emerald Bay
15488 Lakeside Drive
$400,000
● House - Off Market

15488 Lakeside Drive

Bullard, TX 75757
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,600 Ft²
$403,100
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Come and see this gorgeous lake front property on Lake Palestine. This unique BULLARD ISD home sits in a quiet neighborhood lined with cute houses just a few hundred feet away from the marina. The tall ceilings and big windows give you an incredible view of the lake. The open kitchen concept combines well with the upstairs loft, giving you plenty of space for vacations and hosting. Head outside to the covered deck and take in the massive backyard shaded by mature trees. Don't forget to pack your fishing poles. You can drop a line in off the deck while you're here and watch the pretty boats ride by. This 1940's home and new deck offer a clean slate for whatever you want. The location of this house is prime and it awaits your personal touch. Drive by and view today!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$250
Property Type
House
Property Taxes
$127
HOA Dues
$3
Year Built
1940

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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 #20264030)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Feb 25, 2023 Listed by Keller Williams Realty Waco $399,999
Listed by Keller Williams Realty Waco

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 16,640
  • Total Building Area: 700
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 700
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METCALF
  • Land Acres: 0000000382
  • Standard Land Use Code: 1001
  • County Land Use Code: RESIDENC
  • Legal Description 1: METCALFLOT/SPACE 1,2A,2B

Neighborhood

  • School District Name: Bullard Independent School District
  • School Tax School District: SCESD #2
  • Census Tract: 001912

Geography

  • Assessors Map Reference: MAP:05065
  • Account Number: R009039
  • Parcel: 1-80815-0000-00-001000
  • Municipality: UNINCORPORATED AREA
  • Latitude: 32.1667
  • Longitude: -95.4288

    Address

  • Full Address: 15488 Lakeside Dr
  • Address - House Number: 15488
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Bullard
  • Carrier Code: R010
  • 4-Digit Zip Code: 7817
  • Zip Code: 75757

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $380,792
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: BULLARD IS

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 68
  • Final Value: 358,227
  • High Value: 438,941
  • Low Value: 277,512

    Market Valuation

  • Market Total Value: $228,821
  • Market Land Value: $144,010
  • Market Improvement Value: $84,811

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,821
  • Assessed Land Value: $144,010
  • Assessed Improvements Value: $84,811

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 18, 2023
  • Current Sale Recording Date: May 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14663
  • Previous Sale Recording Date: Apr 28, 2005
  • Previous Sale Contract Date: Apr 22, 2005
  • 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 Emerald Bay

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

96

Average Home Size

2698 ft²

Average Home Age

26.8 years

Currently For Sale

6 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: Jeff Bird, Keller Williams Realty Waco
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20264030
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 15488 Lakeside Drive built and last sold?
The property at 15488 Lakeside Drive was built in 1940 and last sold on May 18, 2023 for $425,600.
How much is this home worth?
The estimated value of the home located at 15488 Lakeside Drive is $0.
What are some comparable homes to 15488 Lakeside Drive?
There are currently no comparable homes to 15488 Lakeside Drive.
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