$795,000
●
House -
Off Market
163 River Road
Possum Kingdom Lake, TX 76449
4 Beds
2 Baths
3,213 Ft²
$1,071,321
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
PRIVATE WATERFRONT 4Bed 2Bath RUSTIC RETREAT WITH DOCK on a Gradual
Shaded, Grassy Sloped Lot, with Panoramic PK Lake Views, 3 Car
Garage with room for Golf cart, Workshop, Overhead Storage and
Separate Covered RV Parking.House has great Open Living Concept
Design and an oversized Master Bedroom Suite with Vaulted Ceiling,
Loft and Office Space. The Large Enclosed Porch, Walkout Deck and
additional Covered Patio by the garage area, are all perfect for
watching the Spectacular PK Sunsets and Entertaining and Grilling
out with family and friends. 4th bedroom could be a perfect Bunk or
Game room. The Dock has 2 Boat Lifts, Jet Ski Platform, Crappie
Fishing House and 2nd Level Deck. Excellent VRBO Rental Potential.
Unit Size
3,213 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997
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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 #14467088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 13, 2021 | Sold | ||
| Sold | |||
| Nov 8, 2020 | Listed by Possum Kingdom Real Estate | $825,000 | |
| Listed by Possum Kingdom Real Estate | |||
| | |||
|
PRIVATE WATERFRONT 4Bed 2Bath RUSTIC RETREAT WITH DOCK on a Gradual Shaded, Grassy Sloped Lot, with Panoramic PK Lake Views, 3 Car Garage with room for Golf cart, Workshop, Overhead Storage and Separate Covered RV Parking.House has great Open Living Concept Design and an oversized Master Bedroom Suite with Vaulted Ceiling, Loft and Office Space. The Large Enclosed Porch, Walkout Deck and additional Covered Patio by the garage area, are all perfect for watching the Spectacular PK Sunsets and Entertaining and Grilling out with family and friends. 4th bedroom could be a perfect Bunk or Game room. The Dock has 2 Boat Lifts, Jet Ski Platform, Crappie Fishing House and 2nd Level Deck. Excellent VRBO Rental Potential.
| |||
| Dec 24, 2019 | No longer available | - | |
| No longer available | |||
| Aug 8, 2019 | Listed | $795,000 | |
| Listed | |||
| | |||
|
Escape to this Rustic, Cozy Cedar Lodge - just off the waters edge. Spacious home offers a grand master suite w sitting area, soaring ceilings overlooking beautiful PK. 3 guestrooms, 1 suitable for bunk room-sure to host numerous guests. Living and dinings spaces w large gatherings in mind. Comfortable den or gameroom offers walls of windows. Huge playyard for kids and grandkids. Large covered patio for lounging cooking relaxing and entertaining. Nice 2 slip dock w PWC lift . One of the few remaining Crappie houses on PK! Enjoy spectacular Sunsets Winter, Spring, Summer and Fall! 2 Car Garage, Cart garage w workshop. Separate Covered RV parking- Great investment opportunity! Some furnishings may be negotiable. The manager has listed the unit size as 2401 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Palo Pinto
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Listed by: Maggie Burgess, Possum Kingdom Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14467088
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14467088
Details provided by NTREIS and may not match the public record
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