For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Preston 75076
242 Grace Lane
$225,000
● House - Off Market

242 Grace Lane

Pottsboro, TX 75076
bedrooms
2 Beds
bathrooms
0 Bath
square feet
630 Ft²
$256,363
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Don't let this one get away!!! So many options.  Live here full time, Air B & B, or Weekend getaway. The possiblities are endless.  This precious cottage is on corner lot and  is walking distance to lake access and minutes away from Texoma Boat dock and marina.  This fantastic property features hardwood flooring throughout with great outdoor deck to relax in the evenings as well as a detached 2 car garage with washer and dryer hookup.    Tons of trees on the additional 2 lots.  Build your dream home or additional weekend cabins.  NO HOA NO MUD NO PID.  Professional pics coming soon!
Unit Size
630 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$389
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #20095097)

Price History

Date / Event Date Event Price
Oct 25, 2022 Sold
Premium
Sold
Jun 25, 2022 Listed by Keller Williams Realty Allen $245,000
Listed by Keller Williams Realty Allen

Property Highlights

Garage

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: 16,348
  • 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: R
  • Subdivision: PRESTON SHORES UNIT 2
  • Land Acres: 0000000375
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: PRESTON SHORES UNIT 2, LOT 431, 432, 433, UNDIVIDED INTEREST 50.0000000000%

Neighborhood

  • School District Name: Pottsboro Independent School District
  • Census Tract: 000306

Geography

  • Parcel: 446899
  • Municipality: POTTSBORO
  • Latitude: 33.8495
  • Longitude: -96.6745

    Address

  • Full Address: 242 Grace Ln
  • Address - House Number: 242
  • Address - Street Name: Grace
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Pottsboro
  • Carrier Code: R003
  • 4-Digit Zip Code: 3898
  • Zip Code: 75076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $135,765

    Appraisal Valuation

  • Standard Deviation: 0.2463
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 194,252
  • High Value: 242,112
  • Low Value: 146,393

    Market Valuation

  • Market Total Value: $86,260
  • Market Land Value: $28,609
  • Market Improvement Value: $57,651

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,260
  • Assessed Land Value: $28,609
  • Assessed Improvements Value: $57,651

    Exemptions

  • Homeowner Exemption: Yes
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 Preston

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$214

Below Asking

0.05%

Average Days on Market

101

Average Home Size

2210 ft²

Average Home Age

27.2 years

Currently For Sale

42 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

Unit for rent at 434 Sherman Drive, Pottsboro, TX, 75076

$1,200 /mo

  • 3 Beds
  • 2 Baths
  • 896 ft²
434 Sherman Drive, Pottsboro, TX, 75076 Listing by Rebecca Cucovatz

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Missy Fournet, Keller Williams Realty Allen
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20095097
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 242 Grace Lane built and last sold?
The property at 242 Grace Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 242 Grace Lane is $240,936.
What are some comparable homes to 242 Grace Lane?
There are currently no comparable homes to 242 Grace Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Northwest Grayson Homes for Sale
Northwest Grayson Houses for Sale
Northwest Grayson Condos for Sale
Northwest Grayson Townhouses for Sale
Northwest Grayson Multifamily for Sale
Northwest Grayson Land for Sale
Northwest Grayson Commercial for Sale
Northwest Grayson Homes with Basements
Nearby Cities
McKinney Homes for Sale
Denton Homes for Sale
Little Elm Homes for Sale
Prosper Homes for Sale
Sherman Homes for Sale
Anna Homes for Sale
Denison Homes for Sale
Princeton Homes for Sale
Nearby Property Records
Grayson County, TX Property Records
Marshall County, OK Property Records
Bryan County, OK Property Records
Love County, OK Property Records
Cooke County, TX Property Records
Johnston County, OK Property Records
Fannin County, TX Property Records
Collin County, TX Property Records
Neighborhoods
Stonebridge Ranch Real Estate
Providence Real Estate
Savannah Real Estate
Eldorado Real Estate
Grayhawk Real Estate
Northwood Real Estate
Heights at Westridge Real Estate
Winding Creek Real Estate
Nearby Counties
Pilot Point-Aubrey Homes for Sale
McKinney Homes for Sale
East Grayson Homes for Sale
Celina Homes for Sale
Anna Homes for Sale
Denton Homes for Sale
Sanger Homes for Sale
Southwest Grayson Homes for Sale
Top Real Estate Agents
Top Agents in Northwest Grayson
Top Agents in Pilot Point-Aubrey
Top Agents in McKinney
Top Agents in McKinney
Top Agents in East Grayson
Top Agents in Celina
Top Agents in 76227
Top Agents in Anna