15723 County Road 341
About This Property
Discover the epitome of rural bliss with this remarkable vacant lot nestled in a fast-growing area of Terrell. Boasting over ten acres of prime real estate, this exceptional property is a dream come true for those seeking a tranquil escape from the hustle and bustle of city life, while still being close to all the necessities.
Situated in a highly desirable location, this lot promises an idyllic lifestyle. With no restrictive HOA, you'll have the freedom to build your vision of a perfect home. The deed restrictions ensure quality while granting the flexibility to create a main home, a guest home of any size, as well as versatile shops and shelter-stables for your beloved animals.
Don't miss out on this extraordinary opportunity to own a slice of paradise in Terrell's flourishing rural landscape. Act now and turn your dreams into reality!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2023 | Sold | ||
| Sold | |||
| Jun 30, 2023 | Listed by CENTURY 21 Judge Fite Co. | $199,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
| Jun 28, 2023 | No longer available | - | |
| No longer available | |||
| May 4, 2023 | No longer available | - | |
| No longer available | |||
| Nov 4, 2022 | Listed by Lake Homes Realty | $295,000 | |
| Listed by Lake Homes Realty | |||
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Fantastic opportunity to own ten-plus acres in a fast-growing rural area of Terrell just 10 miles from Lake Tawakoni! Very nice area with lots of new construction. Deed restrictions with no HOA. Can build 1200 sq ft minimum main home, one guest home (no minimum sq ft) as well as shops and shelter-stables for animals. Refer to the Restrictive Covenants attached. Current owner has installed a concrete slab where a shop was planned. Electric and water already on site!There is a pipeline easement toward the back of the property, as well as an electric easement that runs the length of the property front to back, which will leave approximately six buildable acres. Current survey is in the docs. Take a drive out and see the beauty of the property in person!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017