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Wood 75783
2303 CR 4990
$950,000
● House - Off Market

2303 CR 4990

Quitman, TX 75783
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,556 Ft²
$1,143,869
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

The early 1900's farmhouse has been preserved immaculately. With several gorgeous locations throughout the property to build an estate, this farmhouse is a great place to reside while building or to use as a caretaker's home or a guesthouse for family or friends. The home features gas cooking, heating, and hot water from natural gas line on the property. Water is from the 515' well close to the house. With 3 ponds and 2 creeks, fishing is just another great private activity for you and yours. There are 4 oil wells on property with about a mile of gravel road maintained by the oil company for your use to travel conveniently around the property. Sorry...no minerals will be sold or conveyed.
Unit Size
1,556 Ft²
Days on Market
-
Land Size
336.00 acres
Price per sqft
$642
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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: 5 months ago (NTREIS #14348247)

Price History

Date / Event Date Event Price
Aug 17, 2021 Sold
Premium
Sold
Jun 1, 2020 Listed by Signature Properties, LLC $999,500
Listed by Signature Properties, LLC
The early 1900’s farmhouse has been preserved immaculately. With several gorgeous locations throughout the property to build an estate, this farmhouse is a great place to reside while building or to use as a caretaker’s home or a guesthouse for family or friends. The home features gas cooking, heating, and hot water from natural gas line on the property. Water is from the 515’ well close to the house. With 3 ponds and 2 creeks, fishing is just another great private activity for you and yours. There are 4 oil wells on property with about a mile of gravel road maintained by the oil company for your use to travel conveniently around the property. Sorry…no minerals will be sold or conveyed.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 11,900,810
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,557
  • Gross Building Area: 1,557
  • Building Area: 1,557
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 5
  • Heating: 0
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: BARNHILL W
  • Land Acres: 0000273205
  • Standard Land Use Code: 7013
  • County Land Use Code: E
  • Legal Description 1: ABS 0001; BARNHILL W; TRACT 87; 273.205 ACRES

Neighborhood

  • School District Name: Quitman Independent School District

Geography

  • Account Number: 0001-0087-0000-45
  • Subdivision Tract Number: 87
  • Parcel: 10101
  • Municipality: QUITMAN
  • Latitude: 32.8972
  • Longitude: -95.41

    Address

  • Full Address: 2303 Cr 4990
  • Address - House Number: 2303
  • Address - Street Name: Cr 4990
  • State: TX

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,173,612
  • Tax Rate Code Area: GWD HXX SQ

    Market Valuation

  • Market Total Value: $1,430,550
  • Market Land Value: $1,299,100
  • Market Improvement Value: $131,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,530
  • Assessed Land Value: $1,299,100
  • Assessed Improvements Value: $131,450

    Sales

  • Current Sale Contract Date: Aug 17, 2021
  • Current Sale Recording Date: Aug 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9281
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 Wood

Stats & Trends

Median Asking:

$314,950

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2022 ft²

Average Home Age

-

Currently For Sale

278 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: Paul Tibbets, Signature Properties, LLC
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14348247
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2303 County Rd 4990 built and last sold?
The property at 2303 County Rd 4990 was built in and last sold on Aug 17, 2021 for $437,500.
How much is this home worth?
The estimated value of the home located at 2303 County Rd 4990 is $1,009,495.
What are some comparable homes to 2303 County Rd 4990?
There are currently no comparable homes to 2303 County Rd 4990.
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