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Palo Pinto 76449
1757 Park RD 36
$1,662,500
● House - Off Market

1757 Park RD 36

Possum Kingdom Lake, TX 76449
bedrooms
6 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,206 Ft²
$14,484
Est. Monthly
0.76%
Cap Rate

About This Property

This is a rare 5 bedroom, 4.5 bath plus 2 bonus rooms find with an enclosed porch on bourbon street at PK Lake with a deep water enclosed dock. Master bedroom has added bonus room both with private lake access. Two ensuite guest bedrooms with porch access. To round our the last two guest bedroom, a jack and gill bath. A half bath is conveniently placed right off the living dining area. Massive pantry with floor to ceiling built in storage with room for an additional freezer or refrigerator. Two hall closets are perfect for STR owner's closets. Lighted walkway to dock for the late night boat rides to Hells Gate. You will not want to miss this property!
Unit Size
3,206 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$780
Property Type
House
Property Taxes
$2,208
HOA Dues
-
Year Built
2011

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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 #20639949)

Price History

Date / Event Date Event Price
Aug 29, 2024 Sold
Premium
Sold
Aug 13, 2024 In contract -
In contract
Jun 7, 2024 Listed by Berkshire HathawayHS Pondera $2,500,000
Listed by Berkshire HathawayHS Pondera

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • 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: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,358
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,206
  • Gross Building Area: 3,206
  • Building Area: 3,206
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,206
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 3-1-94 AREA 1-3
  • Land Acres: 0000000651
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 3-1-94 AREA 1-3 LOT 23 (FEE SIMPLE .554 AC & FERC .097 AC) DOCK #5909/Y G#P0500-00-01030-023-00-0

Neighborhood

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

Geography

  • Account Number: R000022233
  • Parcel: 182620000
  • Lot: 23
  • Municipality: GRAFORD
  • Latitude: 32.8905
  • Longitude: -98.4636

    Address

  • Full Address: 1757 Park Road 36
  • Address - House Number: 1757
  • Address - Street Name: Park Road 36
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4574
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,160,160
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 1,883,719
  • High Value: 2,395,153
  • Low Value: 1,372,285

    Market Valuation

  • Market Total Value: $1,692,400
  • Market Land Value: $819,100
  • Market Improvement Value: $873,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,692,400
  • Assessed Land Value: $819,100
  • Assessed Improvements Value: $873,300

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 26, 2011
  • Current Sale Recording Date: Aug 30, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 22
  • Current Sale Input Document Number: 2011-00007033
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

2278 ft²

Average Home Age

-

Currently For Sale

293 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# 20639949
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1757 Park Rd 36 built and last sold?
The property at 1757 Park Rd 36 was built in 2011 and last sold on Aug 26, 2011 for $750,000.
How much is this home worth?
The estimated value of the home located at 1757 Park Rd 36 is $0.
What are some comparable homes to 1757 Park Rd 36?
There are currently no comparable homes to 1757 Park Rd 36.
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