$85,000
●
Land -
Off Market
207 Pr 2123
Meridian, TX 76665
Studio
0 Bath
$113,211
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
2+ Acre interior Lot in Crossbow Ranch. This lot INCLUDES FULL
HUNTING RIGHTS to the 650 acre preserve for hunting, fishing, horse
riding hiking, UTV-ATV trails. Trophy White Tail, Axis, Black Buck,
and Red Stag roam the ranch. This hillside lot offers fantastic
internal views of the ranch and is terraced and ready to build your
own designed cabin. Crossbow Ranch is a gated ranch 4 miles West on
HWY 6 from Meridian. Just a short drive from all metropolitan
areas. Water and electric taps are already installed on this
property. Common areas maintained by professional ranch management
company. Bring your toys and just show up and enjoy the ranch.
Great place to build a cabin and enjoy the peace and quiet.
Unit Size
-
Days on Market
-
Land Size
2.29 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$117
Year Built
-
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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: 6 months ago (NTREIS #14480174)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2024 | No longer available | - | |
| No longer available | |||
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Feb 2, 2024 | Listed by Bentwood Realty | $145,000 | |
| Listed by Bentwood Realty | |||
| | |||
|
Welcome to the Crossbow Ranch! This is a full hunting rights lot. Hunting on the 650 acre preserve is included in the yearly $2,400 HOA fee. Exotics and Whitetail are on property, with full roam of the 1000 acre ranch! Easy build restrictions make this lot the ideal spot for a weekend hunting cabin. The tract provides great hill top views, and steep elevation change. However, it still has more than enough room on up top to build a cabin, shop, or park an RV. This lot provides a very unique opportunity to have the benefits of land ownership, such as ag exemption, without the large time commitment of owning a much larger ranch!
| |||
| Feb 1, 2024 | Price Decreased |
$145,000
↓ $15K
(9.4%) | |
| Price Decreased | |||
| Aug 30, 2023 | Listed by Bentwood Realty, LLC | $160,000 | |
| Listed by Bentwood Realty, LLC | |||
| | |||
|
Welcome to the Crossbow Ranch! This is a full hunting rights lot. Hunting on the 650 acre preserve is included in the yearly $2,400 HOA fee. Exotics and Whitetail are on property, with full roam of the 1000 acre ranch! Easy build restrictions make this lot the ideal spot for a weekend hunting cabin. The tract provides great hill top views, and steep elevation change. However, it still has more than enough room on up top to build a cabin, shop, or park an RV. This lot provides a very unique opportunity to have the benefits of land ownership, such as ag exemption, without the large time commitment of owning a much larger ranch!
| |||
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Listed by: Allison Sulak, Bridge Realty
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14480174
Details provided by NTREIS and may not match the public record
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14480174
Details provided by NTREIS and may not match the public record
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