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Palo Pinto 76449
2040 The Ranch Road
$225,000
● Land - Off Market

2040 The Ranch Road

Possum Kingdom Lake, TX 76449
bedrooms
Studio
bathrooms
0 Bath
$279,519
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Tremendous home site with lake views, water access and mature, native live oak trees in the heart of The Ranch on Possum Kingdom.  It has a level building site that builders will appreciate, minimizing the need for expensive foundation prep work, but will still have a natural overlook with existing limestone ledges. Plenty of space to build a large home, multiple patios and balconies and other amenities such as a pool or sport court(s). The Ranch offers ranch-style living and privacy AT the lake with 1,000+ common acres to hike, ride vehicles or horses, shoot skeet or just enjoy nature. Other amenities include the Million-dollar Swimming Hole, courtesy docks and more. See TheRanchonPK for more details.
Unit Size
-
Days on Market
-
Land Size
1.85 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$446
Year Built
-

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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: 5 months ago (NTREIS #14425713)

Price History

Date / Event Date Event Price
May 7, 2021 Sold
Premium
Sold
Sep 10, 2020 Listed by Williams Trew Real Estate $235,000
Listed by Williams Trew Real Estate
Tremendous home site with lake views, water access and mature, native live oak trees in the heart of The Ranch on Possum Kingdom. It has a level building site that builders will appreciate, minimizing the need for expensive foundation prep work, but will still have a natural overlook with existing limestone ledges. Plenty of space to build a large home, multiple patios and balconies and other amenities such as a pool or sport court(s). The Ranch offers ranch-style living and privacy AT the lake with 1,000+ common acres to hike, ride vehicles or horses, shoot skeet or just enjoy nature. Other amenities include the Million-dollar Swimming Hole, courtesy docks and more. See TheRanchonPK for more details.

Property Highlights

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 80,673
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: THE RANCH
  • Land Acres: 0000001852
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: THE RANCH BLK H LOT H-3 (ALL DEEDED 1.852 AC) G#R0225-01-000H0-003-00-0

Neighborhood

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

Geography

  • Account Number: R000024371
  • Parcel: 200651460
  • Block: H
  • Lot: H-3
  • Municipality: COLLEYVILLE
  • Latitude: 32.8683
  • Longitude: -98.4412

    Address

  • Full Address: 2040 The Ranch Rd
  • Address - House Number: 2040
  • Address - Street Name: The Ranch
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 6095
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $315,505
  • Tax Rate Code Area: CAD 182 GR

    Market Valuation

  • Market Total Value: $213,780
  • Market Land Value: $213,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,780
  • Assessed Land Value: $213,780
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

Unit for rent at 1653 Scenic Drive, TX, 76449

$5,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,941 ft²
1653 Scenic Drive #102, TX, 76449 Listing by Ginny Kimberlin

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kathy Lanpher, Williams Trew Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14425713
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2040 The Ranch Road built and last sold?
The property at 2040 The Ranch Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2040 The Ranch Road is $237,350.
What are some comparable homes to 2040 The Ranch Road?
There are currently no comparable homes to 2040 The Ranch Road.
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