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Wood 75440
248 County Road 1946
$375,000
● House - Off Market

248 County Road 1946

Emory, TX 75440
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,867 Ft²
$405,617
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

This truly unique 3 bedroom and 2 bath home features open concept living room & kitchen with vaulted ceilings, loft and cozy sunroom or breakfast room. The large stone fireplace and Aspen wood accents add so much character to this home, along with the many other rustic touches.  This would be a perfect fisherman's retreat or multi family living because of the unique separate entrance to primary bedroom with a private deck overlooking Birch Creek. With over 3 acres of land when you include the expansive waterfront leaseback, there is a private fishing dock and irrigation from the lake. Outdoor features also include above ground pool and stone firepits out front, as well as 2 plus car garage with pull thru.
Unit Size
1,867 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$201
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1992

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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: 3 years ago (NTREIS #14672077)

Price History

Date / Event Date Event Price
Jan 11, 2022 Sold
Premium
Sold
Sep 16, 2021 Listed by Promised Land Group, LLC $375,000
Listed by Promised Land Group, LLC

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • 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: 1
  • Garage Square Area: 416
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,384
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,588
  • Gross Building Area: 3,912
  • Building Area: 1,588
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,588
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAND HILLS WEST
  • Land Acres: 0000000491
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 24 WOODLAND HILLS WEST

Neighborhood

  • School District Name: Yantis Independent School District
  • Census Tract: 950304

Geography

  • Account Number: 2277-0000-0240-65
  • Parcel: 53456
  • Lot: 24
  • Municipality: EMORY
  • Latitude: 32.922
  • Longitude: -95.6564

    Address

  • Full Address: 248 County Road 1946
  • Address - House Number: 248
  • Address - Street Name: County Road 1946
  • State: TX
  • City Name: Emory
  • Carrier Code: R001
  • 4-Digit Zip Code: 7252
  • Zip Code: 75440

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $226,227
  • Tax Rate Code Area: GWD SYA WD

    Appraisal Valuation

  • Standard Deviation: 0.2571
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 63
  • Final Value: 355,085
  • High Value: 446,397
  • Low Value: 263,772

    Market Valuation

  • Market Total Value: $303,210
  • Market Land Value: $73,780
  • Market Improvement Value: $229,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,210
  • Assessed Land Value: $73,780
  • Assessed Improvements Value: $229,430

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 349
  • Previous Sale Recording Date: Nov 08, 2017
  • Previous Sale Contract Date: Nov 03, 2017
  • Previous Sale Amount: $200,700
  • Previous Sale Document Type: 70
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:

$319,550

Sale Price/ft²

$183

Below Asking

0.03%

Average Days on Market

89

Average Home Size

2054 ft²

Average Home Age

-

Currently For Sale

282 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: Tamara Clark, Promised Land Group, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14672077
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 248 County Rd 1946 built and last sold?
The property at 248 County Rd 1946 was built in 1992 and last sold on Jan 7, 2022 for $366,108.
How much is this home worth?
The estimated value of the home located at 248 County Rd 1946 is $0.
What are some comparable homes to 248 County Rd 1946?
There are currently no comparable homes to 248 County Rd 1946.
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