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Palo Pinto 76449
159 River Road
$1,600,000
● House - Off Market

159 River Road

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,048 Ft²
$1,416,229
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Enjoy the lake unlike any other property on River Road from this property! Premier level lots gives you unobstructed lake views. Unwind and watch the sun set while sitting on the point at the fire-pit. Newer aluminum dock equipped with hydro hoist boat lift system, jet-ski slip, room for table and chairs as well as uncovered upper level. All concrete drive gives guests plenty of parking. Detached workshop approximately 30x60 is the prefect man-cave or place to store all your lake toys as there are two garage doors with one door that opens to one of the two private boat ramps on this property. Vaulted ceiling in open concept living, dining and kitchen area adds tons of natural lights to enjoy views of the lake. Plenty of room for guests in this 3 bedroom, 2 bath home that is fully fenced. NO HOA.
Unit Size
2,048 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$684
Property Type
House
Property Taxes
$1,158
HOA Dues
-
Year Built
1987

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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 #20055978)

Price History

Date / Event Date Event Price
Jun 3, 2022 Sold
Premium
Sold
May 12, 2022 Listed by Berkshire HathawayHS Pondera $1,400,000
Listed by Berkshire HathawayHS Pondera

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • 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: 4
  • Garage Square Area: 1,800
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,424
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,944
  • Gross Building Area: 3,944
  • Building Area: 3,944
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,944
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 47-1-19 AREA 10-F
  • Land Acres: 0000000928
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 47-1-19 AREA 10-F LOT 16 (FKA LOTS 16-A & 16-B) (FEE SIMPLE .716 AC & FERC .212 AC) G#P0500-00-100F0-016-0B-0 #7266

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000100

Geography

  • Account Number: R000023550
  • Parcel: 194310000
  • Lot: 16
  • Municipality: GRAFORD
  • Latitude: 32.9578
  • Longitude: -98.4117

    Address

  • Full Address: 159 River Rd
  • Address - House Number: 159
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H052
  • 4-Digit Zip Code: 3157
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,695,967
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4348
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 13
  • Final Value: 624,994
  • High Value: 896,750
  • Low Value: 353,237

    Market Valuation

  • Market Total Value: $1,216,100
  • Market Land Value: $500,800
  • Market Improvement Value: $715,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,216,100
  • Assessed Land Value: $500,800
  • Assessed Improvements Value: $715,300

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 03, 2022
  • Current Sale Recording Date: Jun 07, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4212
  • Previous Sale Recording Date: Apr 17, 2007
  • Previous Sale Contract Date: Apr 05, 2007
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: 12
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

2282 ft²

Average Home Age

-

Currently For Sale

292 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: Linda Fewell, Berkshire HathawayHS Pondera
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20055978
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 159 River Road built and last sold?
The property at 159 River Road was built in 1987 and last sold on Jun 3, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 159 River Road is $0.
What are some comparable homes to 159 River Road?
There are currently no comparable homes to 159 River Road.
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