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Palo Pinto 76449
2331 Upham Road
$780,000
● House - Off Market

2331 Upham Road

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,716 Ft²
$1,043,010
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

AMAZING LOCATION on the Peninsula! Gigantic open lake views and huge lakefront with over 200 feet of private sandy beach shoreline.  Double boat dock with party deck and double boat slip. Retro metal cabin remodel this winter season with new bathrooms including one for handicap access. Seller installed a newer larger septic system for future larger new home. Existing cabin is well maintained with beautiful kitchen and slate floors. Expansive covered lakeside porch and roof top observation deck. Convenient private concrete boat ramp, cement retaining wall, water well, huge grassy yard. Landmark location with lakeside tennis court.
Unit Size
1,716 Ft²
Days on Market
-
Land Size
1.64 acres
Price per sqft
$455
Property Type
House
Property Taxes
$1,120
HOA Dues
-
Year Built
1960

Payment Calculator

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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: 3 years ago (NTREIS #14435458)

Price History

Date / Event Date Event Price
Oct 26, 2020 Sold
Premium
Sold
Sep 21, 2020 Listed by Possum Kingdom Real Estate $780,000
Listed by Possum Kingdom Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 3
  • Garage Square Area: 1,248
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,264
  • Lot Size Frontage Feet: 0
  • Total Building Area: 50,418
  • Gross Building Area: 50,418
  • Building Area: 50,418
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 50,418
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 5-2-31 AREA 1-13
  • Land Acres: 0000001636
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-13 LOT A (FEE SIMPLE 1.495 AC & FERC .141 AC) DOCK#11135/Y G#P0500-00-01130-00A-00-0

Neighborhood

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

Geography

  • Account Number: R000022405
  • Parcel: 184090000
  • Lot: A
  • Municipality: GRAFORD
  • Latitude: 32.8841
  • Longitude: -98.5236

    Address

  • Full Address: 2331 Upham Rd
  • Address - House Number: 2331
  • Address - Street Name: Upham
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4356
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,475,838
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 736,937
  • High Value: 1,071,230
  • Low Value: 402,643

    Market Valuation

  • Market Total Value: $1,000,000
  • Market Land Value: $523,140
  • Market Improvement Value: $476,860

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,000,000
  • Assessed Land Value: $523,140
  • Assessed Improvements Value: $476,860
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

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NTREIS

Listed by: Vee Hanssen, Possum Kingdom Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14435458
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2331 Upham Road built and last sold?
The property at 2331 Upham Road was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2331 Upham Road is $0.
What are some comparable homes to 2331 Upham Road?
There are currently no comparable homes to 2331 Upham Road.
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