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Brown 76471
24858 County Road 428
$240,000
● House - Off Market

24858 County Road 428

Rising Star, TX 76471
bedrooms
Studio
bathrooms
0 Bath
$273,774
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Very nice one bedroom one bath cabin with water and electricity on 24 + or - Oak covered acres. The cabin comes furnished with all appliances and furniture will stay. Water is supplied by a water well that the seller states is 1 gpm. The well feeds a 2600-gallon storage tank that has a pressure set and submersible pump which feeds the water to the cabin. There is a large tank by the cabin that is stocked with Bass, Catfish, Perch and Crappie per the seller. The property is heavily treed with Post oaks and some live oak, the deer blinds and feeders will convey. So just bring your gun and clothes and enjoy.
Unit Size
-
Days on Market
-
Land Size
24.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
2019

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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 #14724921)

Price History

Date / Event Date Event Price
Feb 2, 2022 Sold
Premium
Sold
Dec 13, 2021 Listed by Trinity Ranch Land $260,000
Listed by Trinity Ranch Land

Property Highlights

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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: 1
  • Roof Cover Type: 17
  • 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: 1,055,023
  • Lot Size Frontage Feet: 0
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: JOSEPH M HARRIS SURVEY 784 ABSTRACT
  • Land Acres: 0000024220
  • Standard Land Use Code: 7000
  • County Land Use Code: E
  • Legal Description 1: JOSEPH M HARRIS, SURVEY 784, ABSTRACT 404, ACRES 24.22

Neighborhood

  • School District Name: May Independent School District
  • Census Tract: 950100

Geography

  • Account Number: A0404-0011-01
  • Parcel: 21891
  • Municipality: RISING STAR
  • Latitude: 32.0565
  • Longitude: -99.0371

    Address

  • Full Address: 24858 County Road 428
  • Address - House Number: 24858
  • Address - Street Name: County Road 428
  • State: TX
  • City Name: Rising Star
  • Carrier Code: R002
  • 4-Digit Zip Code: 8048
  • Zip Code: 76471

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,303
  • Tax Rate Code Area: GBC RRF SM

    Market Valuation

  • Market Total Value: $239,250
  • Market Land Value: $192,240
  • Market Improvement Value: $47,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,980

    Sales

  • Current Sale Recording Date: Feb 02, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 742
  • Previous Sale Recording Date: Nov 19, 2018
  • Previous Sale Contract Date: Nov 15, 2018
  • Previous Sale Document Type: 71
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 Brown

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$144

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1954 ft²

Average Home Age

-

Currently For Sale

219 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

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NTREIS

Listed by: Michael Gray, Trinity Ranch Land
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14724921
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 24858 County Road 428 built and last sold?
The property at 24858 County Road 428 was built in 2019 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 24858 County Road 428 is $0.
What are some comparable homes to 24858 County Road 428?
There are currently no comparable homes to 24858 County Road 428.
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