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Palo Pinto 76449
2521 Frontier Road
$900,000
● Mobile Manufactured - Off Market

2521 Frontier Road

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,404 Ft²
$1,028,918
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

RARE Frontier Unit Road Lakefront! Neighborhood of newer large lakefront estates. Located on the most expansive area of lake. Views across lake are pristine State Park. Gentle slope grass yard to very deep lake. Newer covered dock. Private concrete boat launch. Fantastic building site for trophy lake estate but until then enjoy the manufactured 3 bedroom, 2 bathrooms with split open floorplan. Spacious master bath has walk in shower, oversized tub, and double vanity. Concrete porch looking over the water with large stone fire pit. Spend the day on the lake, then come home, build a fire, kick your feet up, and watch the sun set over the water. This property has the potential of boundless memories in the making. Potential short term rental capability.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$694
Property Type
Mobile Manufactured
Property Taxes
$1,319
HOA Dues
-
Year Built
1968

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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 #20162767)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Sep 10, 2022 Listed by Possum Kingdom Real Estate $975,000
Listed by Possum Kingdom Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,517
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,698
  • Gross Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,698
  • 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 1-18
  • Land Acres: 0000000471
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-18 LOT 6 (DOCK,WLKWY, RETAINING, ETC) G#P0500-00-01180-006-00-0

Neighborhood

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

Geography

  • Account Number: R000022441
  • Parcel: 184480000
  • Lot: 6
  • Municipality: GRAFORD
  • Latitude: 32.8629
  • Longitude: -98.5256

    Address

  • Full Address: 2521 Frontier Unit Rd
  • Address - House Number: 2521
  • Address - Street Name: Frontier Unit
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,080,947
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 959,363
  • High Value: 1,219,832
  • Low Value: 698,894

    Market Valuation

  • Market Total Value: $732,430
  • Market Land Value: $686,600
  • Market Improvement Value: $45,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $732,430
  • Assessed Land Value: $686,600
  • Assessed Improvements Value: $45,830

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7832
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: Keith Hanssen, Possum Kingdom Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20162767
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2521 Frontier built and last sold?
The property at 2521 Frontier was built in 1968 and last sold on Nov 4, 2022 for $588,525.
How much is this home worth?
The estimated value of the home located at 2521 Frontier is $0.
What are some comparable homes to 2521 Frontier?
There are currently no comparable homes to 2521 Frontier.
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