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Rains 75472
254 Lake Shore Lane
$110,000
● Mobile Manufactured - Off Market

254 Lake Shore Lane

Point, TX 75472
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$125,594
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Don't miss out on this investor's special on a beautiful lake lot!! Stunning views with so much potential! This home is being sold as is... so come ready to make it yours! Build your very own dock to enjoy all seasons on Beautiful Lake Tawakoni. You will own a little over a third of an acre with a huge yard to leaseback right on the the lake front from SRA... come live the dream or make this your perfect get away!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$91
Property Type
Mobile Manufactured
Property Taxes
$50
HOA Dues
-
Year Built
1982

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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 #14690679)

Price History

Date / Event Date Event Price
Dec 10, 2021 Sold
Premium
Sold
Oct 15, 2021 Listed by RE/MAX-3D REAL ESTATE $114,000
Listed by RE/MAX-3D REAL ESTATE

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Building Count: 1
  • 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 Count: 100
  • 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: 0
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOLLETT MARGARET
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: A0229 TOLLETT MARGARET SURVEY; LAKESHORE ESTATE, MOBILE HOME ON R7474, LABEL# TEX0141087 / TEX0141088 TITLE # 00041411, SN1 4310183635A; SN2 4310183635B

Neighborhood

  • School District Name: Rains Independent School District
  • Census Tract: 950200

Geography

  • Account Number: 25300000310A43
  • Parcel: MH15145
  • Latitude: 32.8731
  • Longitude: -95.9322

    Address

  • Full Address: 254 Lake Shore Ln
  • Address - House Number: 254
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Point
  • Carrier Code: R001
  • 4-Digit Zip Code: 6362
  • Zip Code: 75472

Valuation

    Tax

  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.3728
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 25
  • Final Value: 168,685
  • High Value: 231,574
  • Low Value: 105,795

    Market Valuation

  • Market Total Value: $10,527
  • Market Improvement Value: $10,527

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,527
  • Assessed Improvements Value: $10,527
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 Rains

Stats & Trends

Median Asking:

$329,950

Sale Price/ft²

$208

Below Asking

0.05%

Average Days on Market

92

Average Home Size

1947 ft²

Average Home Age

33.9 years

Currently For Sale

94 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: Jennifer Samples, RE/MAX-3D REAL ESTATE
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14690679
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 254 Lake Shore Lane built and last sold?
The property at 254 Lake Shore Lane was built in 1982 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 254 Lake Shore Lane is $122,684.
What are some comparable homes to 254 Lake Shore Lane?
There are currently no comparable homes to 254 Lake Shore Lane.
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