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Somervell 76070
1739 County Road 406
$262,000
● House - Off Market

1739 County Road 406

Nemo, TX 76070
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,120 Ft²
$1,700
Est. Monthly
6.54%
Cap Rate

About This Property

Welcome home to 1739 CR 406, in Nemo, TX . This 3 bedroom 1 and half bath farmhouse on 5 acres is in Glen Rose ISD. This rustic gem boasts a durable metal roof, a recently installed septic system, and a private well. Escape the constraints of city living with no HOA and zero city taxes. Embrace the serene countryside on this expansive property. While the home requires a personal touch with paint and flooring, it presents an exciting opportunity to customize your dream retreat. Create a cozy haven surrounded by nature, where the possibilities are as vast as the land itself. Seize the chance to own a piece of country living, with room to grow and make lasting memories. Your private oasis awaits, where the beauty of simplicity meets the potential of your imagination.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
5.01 acres
Price per sqft
$249
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
2001

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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 #20478286)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Premium
Sold
Nov 16, 2023 Listed by Fathom Realty, LLC $279,000
Listed by Fathom Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,236
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,120
  • Gross Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J W ATCHISON SURVEY ABSTRACT NO 155
  • Land Acres: 0000005010
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ACRES: 5.010 TRACT: 1-3 ABST: A155 A155 J W ATCHISON TRACT 1-3 ACRES 5.01

Neighborhood

  • School District Name: Glen Rose Independent School District
  • Census Tract: 000102

Geography

  • Subdivision Tract Number: 1-3
  • Parcel: R000011266
  • Municipality: NEMO
  • Latitude: 32.2705
  • Longitude: -97.6187

    Address

  • Full Address: 1739 County Road 406
  • Address - House Number: 1739
  • Address - Street Name: County Road 406
  • State: TX
  • City Name: Nemo
  • Carrier Code: H051
  • 4-Digit Zip Code: 2223
  • Zip Code: 76070

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $395,261
  • Tax Rate Code Area: SGR SHD WS

    Appraisal Valuation

  • Standard Deviation: 0.202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 284,885
  • High Value: 342,449
  • Low Value: 227,320

    Market Valuation

  • Market Total Value: $262,450
  • Market Land Value: $125,250
  • Market Improvement Value: $137,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,450
  • Assessed Land Value: $125,250
  • Assessed Improvements Value: $137,200

    Exemptions

  • Homeowner Exemption: Yes
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 Somervell

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$216

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2270 ft²

Average Home Age

23.8 years

Currently For Sale

56 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: Stephanie Simmons, Fathom Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20478286
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1739 County Road 406 built and last sold?
The property at 1739 County Road 406 was built in 2001 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1739 County Road 406 is $0.
What are some comparable homes to 1739 County Road 406?
There are currently no comparable homes to 1739 County Road 406.
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