$320,000 Last Listed Price
●
House -
Off Market
210 Chisum Trail
Burnet, TX 78611
3 Beds
2 Baths
1,520 Ft²
$323,709
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Two Homes, Two Shops, One Studio. 210 Chisum Trail provides the
opportunity to live where you work AND potentially make rental
income from the property's guest house. The primary house is a
stone-encased three-bedroom, two-bath manufactured home with
covered porches both front and back. The second -- or guest house
-- is a 2/1 with incredible potential as a B&B, a long-term
rental, or a Next Gen family home. It has basically been gutted and
is ready for its remodel. The two shops are large, metal buildings
outfitted with electricity. Behind the primary home is a quaint
studio/office/mancave with electricity... also a blank slate ready
to shine. The property is laden with mature, storied trees. The 1.5
acres has been designed to offer plenty of parking for vehicles,
boats, and RVs. No HOA. LAKE BUCHANAN is a quick 10 minutes; 3
miles from DELAWARE SPRINGS GOLF; 7.8 miles from LONGHORN CAVERN
STATE PARK.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
1.51 acres
Price per sqft
$211
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1998
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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 (HAR #85090192)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2022 | Sold | ||
| Sold | |||
| May 20, 2022 | Listed by Horizon Realty | $320,000 | |
| Listed by Horizon Realty | |||
| | |||
|
Two Homes, Two Shops, One Studio. 210 Chisum Trail provides the opportunity to live where you work AND potentially make rental income from the property's guest house. The primary house is a stone-encased three-bedroom, two-bath manufactured home with covered porches both front and back. The second -- or guest house -- is a 2/1 with incredible potential as a B&B, a long-term rental, or a Next Gen family home. It has basically been gutted and is ready for its remodel. The two shops are large, metal buildings outfitted with electricity. Behind the primary home is a quaint studio/office/mancave with electricity... also a blank slate ready to shine. The property is laden with mature, storied trees. The 1.5 acres has been designed to offer plenty of parking for vehicles, boats, and RVs. No HOA. LAKE BUCHANAN is a quick 10 minutes; 3 miles from DELAWARE SPRINGS GOLF; 7.8 miles from LONGHORN CAVERN STATE PARK.
| |||
| Oct 6, 2019 | No longer available | - | |
| No longer available | |||
| Mar 17, 2019 | Listed | $175,000 | |
| Listed | |||
| | |||
|
OPPORTUNITY! 2.37 acre compound style property in Burnet! Main home is a 3/2 rock encased manufactured home with covered front and back porches. Second home needs work for great rental option. 2 large metal buildings/shops, 2 storage buildings, large separate yard for parking equipment, RVs, etc. Would make a great live/work combination option. PRICED TO SELL AT $175,000.00. The manager has listed the unit size as 2497 square feet.
| |||
| Jan 11, 2019 | No longer available | - | |
| No longer available | |||
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Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burnet
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Listed by: Tangela Bailey, Horizon Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 85090192
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85090192
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