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Montague 76230
216 Cobel Road
$61,425
● Land - Off Market

216 Cobel Road

Bowie, TX 76230
bedrooms
Studio
bathrooms
0 Bath
$68,020
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

1 acre waterfront lot on Brier Creek of Amon Carter Lake. Heavily wooded with very unique rock outcroppings and a beautiful sunset view. This property is now active in an online auction. All offers must be submitted through the property's listing page on www.auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval. Online bidding will begin on 3*7*2022.
Unit Size
-
Days on Market
-
Land Size
1.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$70
HOA Dues
-
Year Built
1998

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Cap Rate Calculator

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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: 3 years ago (NTREIS #14756370)

Price History

Date / Event Date Event Price
Apr 7, 2022 Sold
Premium
Sold
Feb 10, 2022 Listed by RE/MAX PREFERRED PROPERTIES $67,100
Listed by RE/MAX PREFERRED PROPERTIES

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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 Count: 100
  • 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: 43,804
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,024
  • Gross Building Area: 1,024
  • Building Area: 1,024
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,024
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COBLE
  • Land Acres: 0000001005
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 19-21 BLK 1 COBLE

Neighborhood

  • School District Name: Bowie Independent School District
  • Census Tract: 950401

Geography

  • Account Number: 52004.0001.0019.0000
  • Parcel: R000016956
  • Block: 1
  • Lot: 19-21
  • Municipality: BOWIE
  • Latitude: 33.4958
  • Longitude: -97.8802

    Address

  • Full Address: 216 Cobel Rd
  • Address - House Number: 216
  • Address - Street Name: Cobel
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Bowie
  • Carrier Code: R005
  • 4-Digit Zip Code: 8769
  • Zip Code: 76230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $114,069
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: BO R2

    Appraisal Valuation

  • Standard Deviation: 0.4486
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 10
  • Final Value: 98,689
  • High Value: 142,960
  • Low Value: 54,417

    Market Valuation

  • Market Total Value: $83,050
  • Market Land Value: $41,600
  • Market Improvement Value: $41,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,050
  • Assessed Land Value: $41,600
  • Assessed Improvements Value: $41,450

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4128
  • Previous Sale Recording Date: Apr 11, 2022
  • Previous Sale Contract Date: Mar 31, 2022
  • Previous Sale Amount: $61,425
  • Previous Sale Document Type: 68
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 Montague

Stats & Trends

Median Asking:

$259,000

Sale Price/ft²

$166

Above Asking

0.00%

Average Days on Market

83

Average Home Size

1880 ft²

Average Home Age

-

Currently For Sale

175 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

Rentals Near You

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NTREIS

Listed by: Marilyn Read, RE/MAX PREFERRED PROPERTIES
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14756370
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 216 Cobel Road built and last sold?
The property at 216 Cobel Road was built in 1998 and last sold on Sep 21, 2023 for $182,821.
How much is this home worth?
The estimated value of the home located at 216 Cobel Road is $0.
What are some comparable homes to 216 Cobel Road?
There are currently no comparable homes to 216 Cobel Road.
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