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Palo Pinto 76449
2411 Lower Burma Road
$1,825,000
● House - Off Market

2411 Lower Burma Road

Possum Kingdom Lake, TX 76449
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3,523 Ft²
$2,328,553
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Unique and private.  Over 2 acre point lot with amazing views out to the lake.  Modern decor and design.  Room for 18 to sleep inculudig a bunk room that sleeps 12. Big garage, shop and game room. Great rental history for VRBO.  Deep water enclosed dock (another rare find!) with sun deck and permit for 3rd level sun shade.  Lake pump for irrigation.  Huge kitchen, living and dining area.
Unit Size
3,523 Ft²
Days on Market
-
Land Size
2.13 acres
Price per sqft
$483
Property Type
House
Property Taxes
$1,487
HOA Dues
-
Year Built
1996

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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 #14410224)

Price History

Date / Event Date Event Price
Aug 28, 2020 Sold
Premium
Sold
Aug 10, 2020 Listed by Berkshire HathawayHS Pondera $1,700,000
Listed by Berkshire HathawayHS Pondera

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 4
  • Garage Square Area: 1,032
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 92,870
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,555
  • Gross Building Area: 4,555
  • Building Area: 4,555
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,555
  • 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 1-15
  • Land Acres: 0000002132
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-15 LOT 3 (FEE SIMPLE 1.944 AC & FERC .188 AC) DOCK #9068/Y G#P0500-00-01150-003-00-0

Neighborhood

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

Geography

  • Account Number: R000022416
  • Subdivision Tract Number: Mar 03, 2005
  • Parcel: 184200500
  • Lot: 3
  • Municipality: GRAFORD
  • Latitude: 32.8758
  • Longitude: -98.5217

    Address

  • Full Address: 2411 Lower Burma Rd
  • Address - House Number: 2411
  • Address - Street Name: Lower Burma
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4339
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,833,341
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 1,738,907
  • High Value: 2,221,028
  • Low Value: 1,256,787

    Market Valuation

  • Market Total Value: $1,919,820
  • Market Land Value: $823,720
  • Market Improvement Value: $1,096,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,919,820
  • Assessed Land Value: $823,720
  • Assessed Improvements Value: $1,096,100

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 04, 2017
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-00002183
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

2282 ft²

Average Home Age

-

Currently For Sale

292 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: Marsha Bettis, Berkshire HathawayHS Pondera
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14410224
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2411 Lower Burma Road built and last sold?
The property at 2411 Lower Burma Road was built in 1996 and last sold on May 1, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 2411 Lower Burma Road is $0.
What are some comparable homes to 2411 Lower Burma Road?
There are currently no comparable homes to 2411 Lower Burma Road.
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