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Palo Pinto 76449
2007 Lucky Lane
$630,000
● Mobile Manufactured - Off Market

2007 Lucky Lane

Possum Kingdom Lake, TX 76449
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,750 Ft²
$684,433
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

over a half of an acre of deeded waterfront land in a very desirable location on the peninsula, this property features and incredible view, large yard with lush St Augustine grass, numerous shade trees throughout and a gentle walk to the water with your very own sandy beach, the center of the home started life as a 2 bedroom 1 bath single wide but has since been expanded to add a large living area with additional bunk room, half bath and utility room and a sunroom on the waterfront side of the home. Property also features multiple outbuildings to store all of your lake toys!
Unit Size
1,750 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$371
Property Type
Mobile Manufactured
Property Taxes
$414
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #14692159)

Price History

Date / Event Date Event Price
Feb 9, 2022 Sold
Premium
Sold
Oct 31, 2021 Listed by Coldwell Banker Realty $649,999
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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
  • Garage Square Area: 520
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,825
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,750
  • Gross Building Area: 1,750
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 5-2-31 AREA 1-6
  • Land Acres: 0000000524
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-6 LOT W-5 (FEE SIMPLE .452 AC & FERC .072 AC) G#P0500-00-01060-00W-05-0

Neighborhood

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

Geography

  • Account Number: R000022288
  • Parcel: 183020000
  • Lot: W-5
  • Municipality: GRAFORD
  • Latitude: 32.8921
  • Longitude: -98.4875

    Address

  • Full Address: 2007 Lucky Ln
  • Address - House Number: 2007
  • Address - Street Name: Lucky
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4341
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $831,053
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 913,583
  • High Value: 1,161,623
  • Low Value: 665,543

    Market Valuation

  • Market Total Value: $620,050
  • Market Land Value: $479,330
  • Market Improvement Value: $140,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $620,050
  • Assessed Land Value: $479,330
  • Assessed Improvements Value: $140,720

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 09, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1164
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

2282 ft²

Average Home Age

-

Currently For Sale

292 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: Cody Klapper, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14692159
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2007 Lucky Lane built and last sold?
The property at 2007 Lucky Lane was built in 1970 and last sold on Feb 9, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 2007 Lucky Lane is $0.
What are some comparable homes to 2007 Lucky Lane?
There are currently no comparable homes to 2007 Lucky Lane.
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