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Palo Pinto 76462
1809 Tuggle Road
$650,000
● House - Off Market

1809 Tuggle Road

Lipan, TX 76462
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,040 Ft²
$658,063
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Perfect Ag Exempt 5 Acre Horse or Recreational Property with Sandy Soil and Beautiful Trees!!!  Amazing Ranch Style 3BR, 2B Custom Stone, Open Concept Home with 10ft Ceilings throughout.  House was built in 2009 by a very reputable local builder that includes Huge Covered Porches also with 10ft Ceilings.  Attached Oversized Carport is large enough for several vehicles or atvs.  Property also features a 30x40 Concrete Slabbed Shop with Shed on one side for Horses or Livestock and an Above Ground Pool that was professionally installed.  Located just minutes from the small town of Lipan, US Hwy 281 or IH 20 this property is perfectly situated.  Don't miss this Great Opportunity!!!
Unit Size
2,040 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$320
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
2009

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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 #20143263)

Price History

Date / Event Date Event Price
May 24, 2023 Sold
Premium
Sold
Aug 17, 2022 Listed by CLARK REAL ESTATE GROUP $653,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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
  • Garage Square Area: 816
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,240
  • Gross Building Area: 3,240
  • Building Area: 3,240
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: GW TREIGHEN SURVEY A-431
  • Land Acres: 0000005000
  • Standard Land Use Code: 8008
  • County Land Use Code: E
  • Legal Description 1: AB 431 TR 13-2 GW TREIGHEN NE CORN OF BLK 17 G#10431-00-00130-002-00-0

Neighborhood

  • School District Name: Lipan Independent School District
  • School Tax School District: LII HPD ESD1
  • Census Tract: 000300

Geography

  • Account Number: R000035827
  • Subdivision Tract Number: 13-2
  • Parcel: 030570200
  • Block: 17
  • Municipality: LIPAN
  • Latitude: 32.5513
  • Longitude: -98.1131

    Address

  • Full Address: 1809 Tuggle Rd
  • Address - House Number: 1809
  • Address - Street Name: Tuggle
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Lipan
  • Carrier Code: R002
  • 4-Digit Zip Code: 4789
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $648,861
  • Tax Rate Code Area: CAD 182 LI

    Appraisal Valuation

  • Standard Deviation: 0.2675
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 631,363
  • High Value: 800,256
  • Low Value: 462,470

    Market Valuation

  • Market Total Value: $96,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: May 26, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2879
  • Previous Sale Recording Date: Sep 12, 2018
  • Previous Sale Contract Date: May 29, 2018
  • Previous Sale Amount: $240,100
  • Previous Sale Document Type: 40
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

$223

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2259 ft²

Average Home Age

-

Currently For Sale

287 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

Currently no nearby rentals
NTREIS

Listed by: Brad Harrison, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20143263
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1809 Tuggle Road built and last sold?
The property at 1809 Tuggle Road was built in 2009 and last sold on May 24, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 1809 Tuggle Road is $650,967.
What are some comparable homes to 1809 Tuggle Road?
There are currently no comparable homes to 1809 Tuggle Road.
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