$155,000
●
Mobile Manufactured -
Off Market
1601 Forum Circle #159
Possum Kingdom Lake, TX 76449
3 Beds
2 Baths
1,422 Ft²
$214,264
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
This one is a RARE FIND...Close to the water, deeded lot, nice
neighborhood, won't break the bank!! Three bedroom, two bath, large
living area, great outdoor space, covered parking & storage all
situated on the PK Peninsula close to marinas, dining, nightlife,
and shopping - not on the water, but just across the way.
Come immerse yourself in the peaceful and serene settings of
life with a greenbelt area in the backyard and the beautiful views
of PK lake in the front! Current owner has access to the private
community boat ramp across the street; transfer of usage subject to
approval (but not available for vrbo use). This property offers
that nostalgic lake cabin feel ~ don't miss the chance to make it
yours!
Unit Size
1,422 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$116
Property Type
Mobile Manufactured
Property Taxes
-
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: 5 months ago (NTREIS #14439455)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2021 | Sold | ||
| Sold | |||
| Sep 25, 2020 | Listed by Lake Homes Realty, LLC | $165,000 | |
| Listed by Lake Homes Realty, LLC | |||
| | |||
|
This one is a RARE FIND...Close to the water, deeded lot, nice neighborhood, won't break the bank!! Three bedroom, two bath, large living area, great outdoor space, covered parking & storage all situated on the PK Peninsula close to marinas, dining, nightlife, and shopping - not on the water, but just across the way. Come immerse yourself in the peaceful and serene settings of life with a greenbelt area in the backyard and the beautiful views of PK lake in the front! Current owner has access to the private community boat ramp across the street; transfer of usage subject to approval (but not available for vrbo use). This property offers that nostalgic lake cabin feel ~ don't miss the chance to make it yours!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Parking Features: Covered, Garage Faces Side
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Electric Water Heater
Flooring Type: Carpet, Laminate
Exterior Details
Square Footage: 1422
Year Built: 1975
Building Area Total: 1422
Levels: One
Other Structures: Workshop w/Electric
Window Features: Window Coverings
Construction Materials: Siding
Patio and Porch Features: Covered, Deck
Lot Features: Few Trees, Greenbelt, Interior Lot, Water/Lake View
Lot Size Area: 0.262
Lot Size Units: Acres
Lot Size Acres: 0.262
Lot Size Square Feet: 11412.72
Tax Lot: 159-R
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Natural Gas
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/18/2025
|
4 Bed
|
3 Bath
|
3215 ft²
|
$685,000
4 Bed
3 Bath
3215 ft²
|
-
-
|
Keith Hanssen
Possum Kingdom Real Estate
| |
|
10/18/2025
|
3 Bed
|
3 Bath
|
2800 ft²
|
$1,250,000
3 Bed
3 Bath
2800 ft²
|
$1,187,000
-5.04%
05/04/2026
|
Jan Johanson
eXp Realty LLC
| |
|
09/04/2025
|
2 Bed
|
1 Bath
|
1554 ft²
|
$450,000
2 Bed
1 Bath
1554 ft²
|
$375,000
-16.67%
04/02/2026
|
Jan Johanson
eXp Realty LLC
| |
|
04/05/2021
|
3 Bed
|
-
|
2800 ft²
|
$685,000
3 Bed
-
2800 ft²
|
$735,000
+7.30%
05/13/2021
|
Jan Johanson
eXp Realty LLC
| |
|
08/30/2020
|
4 Bed
|
4 Bath
|
2669 ft²
|
$575,000
4 Bed
4 Bath
2669 ft²
|
-
-
|
-
| |
|
09/25/2020
|
3 Bed
|
-
|
1422 ft²
|
$165,000
3 Bed
-
1422 ft²
|
$155,000
-6.06%
01/21/2021
|
Jo Lynn Miller
Lake Homes Realty, LLC
| |
|
09/04/2020
|
2 Bed
|
-
|
2000 ft²
|
$499,000
2 Bed
-
2000 ft²
|
$499,000
10/02/2020
|
Jackie Fewell
Berkshire HathawayHS Pondera
| |
|
07/29/2017
| |
3 Bed
|
2 Bath
|
1422 ft²
|
-
3 Bed
2 Bath
1422 ft²
|
-
-
|
-
|
Building Info
About Palo Pinto
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Listed by: Jo Lynn Miller, Lake Homes Realty, LLC
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14439455
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14439455
Details provided by NTREIS and may not match the public record
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