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Montague 76230
239 Silver Lakes Drive
$71,000
● Land - Off Market

239 Silver Lakes Drive

Sunset, TX 76270
bedrooms
Studio
bathrooms
0 Bath
$76,053
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Welcome the Silver Lakes Ranch subdivision where the beauty of nature abounds.  With two lakes for playing, fishing or just appreciating, this 5.010 acre lot is a wonderful spot to build your dream home, weekend get away, or leave wild and rustic.  The impressive community pool is fun for all.  This lot has great elevation and two spots suitable for building, either nestled behind the grove of trees or out in front with trees as a backdrop.  Don't miss this great opportunity to claim a piece of Texas as your own.

The sellers are providing a survey
Unit Size
-
Days on Market
-
Land Size
5.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$29
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 #14578338)

Price History

Date / Event Date Event Price
Jun 22, 2021 Sold
Premium
Sold
May 15, 2021 Listed by Keller Williams Realty $65,000
Listed by Keller Williams Realty
Welcome the Silver Lakes Ranch subdivision where the beauty of nature abounds. With two lakes for playing, fishing or just appreciating, this 5.010 acre lot is a wonderful spot to build your dream home, weekend get away, or leave wild and rustic. The impressive community pool is fun for all. This lot has great elevation and two spots suitable for building, either nestled behind the grove of trees or out in front with trees as a backdrop. Don't miss this great opportunity to claim a piece of Texas as your own. The sellers are providing a survey

Property Highlights

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,236
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SILVER LAKES RANCH
  • Land Acres: 0000005010
  • Standard Land Use Code: 8000
  • County Land Use Code: C3
  • Legal Description 1: ACRES: 5.010 LOT 221 PHASE 3 SILVER LAKES RANCH

Neighborhood

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

Geography

  • Account Number: 32225.0003.0221.0000
  • Parcel: R000022528
  • Lot: 221
  • Municipality: SUNSET
  • Latitude: 33.4385
  • Longitude: -97.8675

    Address

  • Full Address: 239 Silver Lakes Dr
  • Address - House Number: 239
  • Address - Street Name: Silver Lakes
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Sunset
  • Carrier Code: R023
  • 4-Digit Zip Code: 2166
  • Zip Code: 76270

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,713
  • Tax Rate Code Area: AL

    Market Valuation

  • Market Total Value: $35,200
  • Market Land Value: $35,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,200
  • Assessed Land Value: $35,200

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2103221

    Financing

  • First Mortgage Financing Type: ADJ
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:

$249,700

Sale Price/ft²

$159

Below Asking

0.03%

Average Days on Market

83

Average Home Size

1922 ft²

Average Home Age

-

Currently For Sale

170 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Jen Smith, Keller Williams Realty
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14578338
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 239 Silver Lakes Drive built and last sold?
The property at 239 Silver Lakes Drive was built in and last sold on Jun 22, 2021 for $65,000.
How much is this home worth?
The estimated value of the home located at 239 Silver Lakes Drive is $65,650.
What are some comparable homes to 239 Silver Lakes Drive?
There are currently no comparable homes to 239 Silver Lakes Drive.
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