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Young 76372
259 Belknap Circle
$215,000
● House - Off Market

259 Belknap Circle

Newcastle, TX 76372
bedrooms
1 Bed
bathrooms
0 Bath
square feet
1,056 Ft²
$1,205
Est. Monthly
7.20%
Cap Rate

About This Property

Nestled on 2.8 acres, this unique property offers endless potential! Featuring a workshop with electricity and 26 mature pecan trees, it's ideal for both personal use and investment. Fully fenced and located near a park, this property provides a cozy home for relaxation and opportunity. With plenty of space to add more homes, it's a great opportunity for rental property development. In addition, two other existing buildings ready to be finished for income-producing rentals.  The property includes a perfect mother-in-law setup with one bedroom and one full bath, making it a versatile option for extended family or rental income. Ideal for investors or those seeking a multi-use estate!
Unit Size
1,056 Ft²
Days on Market
-
Land Size
2.89 acres
Price per sqft
$213
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1950

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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: 2 years ago (NTREIS #20722386)

Price History

Date / Event Date Event Price
Dec 11, 2024 Sold
Premium
Sold
Nov 4, 2024 In contract -
In contract
Sep 30, 2024 Price Decreased $225,000
↓ $15K (6.3%)
Price Decreased
Sep 6, 2024 Listed by Cates & Company $240,000
Listed by Cates & Company

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • Building Condition: 2
  • 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: 4
  • Garage Square Area: 336
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 96,703
  • Lot Size Frontage Feet: 0
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A WHITE SURVEY ABSTRACT NO 1270
  • Land Acres: 0000002220
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: A WHITE - A-1270

Neighborhood

  • School District Name: Newcastle Independent School District
  • Census Tract: 950402

Geography

  • Parcel: 12350
  • Municipality: NEWCASTLE
  • Latitude: 33.1517
  • Longitude: -98.7426

    Address

  • Full Address: 259 Belknap Cir
  • Address - House Number: 259
  • Address - Street Name: Belknap
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Newcastle
  • Carrier Code: R021
  • 4-Digit Zip Code: 3208
  • Zip Code: 76372

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,622
  • Tax Rate Code Area: NISD OH YC

    Appraisal Valuation

  • Standard Deviation: 0.4395
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 12
  • Final Value: 100,527
  • High Value: 144,716
  • Low Value: 56,337

    Market Valuation

  • Market Total Value: $85,690
  • Market Land Value: $53,280
  • Market Improvement Value: $32,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,690
  • Assessed Land Value: $53,280
  • Assessed Improvements Value: $32,410

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2018
  • Current Sale Recording Date: Jul 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 18001925
  • Previous Sale Recording Date: Apr 29, 2013
  • Previous Sale Contract Date: Apr 26, 2013
  • 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 Young

Stats & Trends

Median Asking:

$227,000

Sale Price/ft²

$148

Below Asking

0.04%

Average Days on Market

80

Average Home Size

2025 ft²

Average Home Age

49.3 years

Currently For Sale

84 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: Albert Ramirez, Cates & Company
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20722386
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 259 Belknap Circle built and last sold?
The property at 259 Belknap Circle was built in 1950 and last sold on Jul 6, 2018 for $156,300.
How much is this home worth?
The estimated value of the home located at 259 Belknap Circle is $0.
What are some comparable homes to 259 Belknap Circle?
There are currently no comparable homes to 259 Belknap Circle.
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