$885,000
●
Land -
Off Market
18921 Farm Road 1497
Paris, TX 75462
Studio
0 Bath
$1,004,651
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
Conveniently located 90 miles northeast of Dallas Texas and 80
miles west of Texarkana Texas, the property is just south of Paris
Texas. There is 2,400 MOL feet of Farm to Market road frontage with
two entrances on both the north side and the south side of the
property. A 3 INCH county water line runs along the front of the
road and could be used for development for smaller tracts and
homes. The main home is a 6BR, 5BA home with two living area and
two kitchen areas. Wood floors, two dining areas, two kitchen
areas, large sun room and many more amenities ready for your own
touch. The home has over 3,800 sq. ft. of living that can be
utilized and ready for new owner's touches.
Unit Size
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Days on Market
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Land Size
98.50 acres
Price per sqft
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Property Type
Land
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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: 4 months ago (NTREIS #14576231)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2021 | Sold | ||
| Sold | |||
| May 12, 2021 | Listed by United Country Altaterra Realt | $885,000 | |
| Listed by United Country Altaterra Realt | |||
| | |||
|
Conveniently located 90 miles northeast of Dallas Texas and 80 miles west of Texarkana Texas, the property is just south of Paris Texas. There is 2,400 MOL feet of Farm to Market road frontage with two entrances on both the north side and the south side of the property. A 3 INCH county water line runs along the front of the road and could be used for development for smaller tracts and homes. The main home is a 6BR, 5BA home with two living area and two kitchen areas. Wood floors, two dining areas, two kitchen areas, large sun room and many more amenities ready for your own touch. The home has over 3,800 sq. ft. of living that can be utilized and ready for new owner's touches.
| |||
| Feb 22, 2021 | Sold | ||
| Sold | |||
| Jun 11, 2020 | No longer available | - | |
| No longer available | |||
| May 18, 2020 | Listed by Keller Williams Realty | $989,500 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Outstanding recreational ranch. Over 256 acres perfect for a hunting ranch, corporate retreat, wellness camp, etc. Multiple use property with a custom house and grand lodge or dormitory. The house is over 5000sf and has 6 br, 5 ba, 2 living, 2 dining, 2 kitchens, lrg. cov porch, lots of wd floors. The lodge is ap. 6400sf and has multiple baths, living quarters, commercial kitchen, living, conference, and recreation rooms. 75x30 barn surrounded with custom heavy duty pens, corrals, chutes, etc., 5 ponds including a beautiful 16 acre lake. Very diverse topography with the perfect mix of pastures and woods that lends itself to a perfect wildlife refuge, game hunting ranch, etc. Too many details to list.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lamar
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Listed by: J.W. Ross, United Country Altaterra Realt
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 14576231
Details provided by NTREIS and may not match the public record
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 14576231
Details provided by NTREIS and may not match the public record
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