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Palo Pinto 76067
260 Shadow Tree Road
$370,000
● House - Off Market

260 Shadow Tree Road

Mineral Wells, TX 76067
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,508 Ft²
$440,215
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Hidden Gem just outside the city limits. This 2-Story, 3 Bedroom 3 Bath home is surrounded by HUGE trees nestled on 1.7 acres.  New Carpet, fresh paint, tons of storage, and plenty of space to entertain. Large master suite with double doors leading to balcony. Master bath includes large tub with separate tile shower. 30x40 Insulated shop, 12x18 Storage area with roll up door, large backyard with privacy fence, and even a climate controlled house for your pets!!! Additional 5 acres available.
Unit Size
2,508 Ft²
Days on Market
-
Land Size
1.72 acres
Price per sqft
$135
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (NTREIS #14236309)

Price History

Date / Event Date Event Price
Jan 28, 2021 Sold
Premium
Sold
Dec 3, 2019 Listed by Clark Real Estate Group $339,000
Listed by Clark Real Estate Group
Hidden Gem just outside the city limits. This 2-Story, 3 Bedroom 3 Bath home is surrounded by HUGE trees nestled on 1.7 acres. New Carpet, fresh paint, tons of storage, and plenty of space to entertain. Large master suite with double doors leading to balcony. Master bath includes large tub with separate tile shower. 30x40 Insulated shop, 12x18 Storage area with roll up door, large backyard with privacy fence, and even a climate controlled house for your pets!!! Additional 5 acres available.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 252,692
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,988
  • Gross Building Area: 3,988
  • Building Area: 3,988
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: SOUTHWIND EST
  • Land Acres: 0000005801
  • Standard Land Use Code: 7000
  • County Land Use Code: E
  • Legal Description 1: SOUTHWIND EST BLK 7 LOT PT OF 22 & ALL OF 23 & UND INT IN PARK G#S0900-00-00070-022-00-0

Neighborhood

  • School District Name: Mineral Wells Independent School District
  • School Tax School District: MWI HPD ESD1
  • Census Tract: 000402

Geography

  • Account Number: R000025950
  • Parcel: 214630000
  • Block: 7
  • Lot: 22
  • Municipality: MINERAL WELLS
  • Latitude: 32.753
  • Longitude: -98.1144

    Address

  • Full Address: 260 Shadow Tree
  • Address - House Number: 260
  • Address - Street Name: Shadow Tree
  • State: TX
  • City Name: Mineral Wells
  • Carrier Code: R002
  • 4-Digit Zip Code: 1002
  • Zip Code: 76067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $628,807
  • Tax Rate Code Area: CAD 182 MW

    Appraisal Valuation

  • Standard Deviation: 0.274
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 489,151
  • High Value: 623,197
  • Low Value: 355,105

    Market Valuation

  • Market Total Value: $436,920
  • Market Land Value: $142,120
  • Market Improvement Value: $294,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $436,920
  • Assessed Land Value: $142,120
  • Assessed Improvements Value: $294,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 28, 2021
  • Current Sale Recording Date: Feb 08, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-00000880
  • Previous Sale Recording Date: Feb 08, 2021
  • Previous Sale Contract Date: Jan 28, 2021
  • Previous Sale Amount: $342,200
  • 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 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

Unit for rent at 80 Lori Drive, Mineral Wells, TX, 76067

$1,175 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
80 Lori Drive #A, Mineral Wells, TX, 76067 Listing by Andre Landrum
Unit for rent at 225 Summit Drive, Mineral Wells, TX, 76067

$1,275 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
225 Summit Drive #A, Mineral Wells, TX, 76067 Listing by Andre Landrum

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Megan Ragle, Clark Real Estate Group
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14236309
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 260 Shadow Tree Road built and last sold?
The property at 260 Shadow Tree Road was built in 1985 and last sold on Jan 28, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 260 Shadow Tree Road is $353,851.
What are some comparable homes to 260 Shadow Tree Road?
There are currently no comparable homes to 260 Shadow Tree Road.
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