$1,350,000
●
House -
Off Market
2611 Murrell Drive
Possum Kingdom Lake, TX 76449
5 Beds
5 Baths
3,344 Ft²
$1,519,361
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
PRIME PENINSULA WATERFRONT LAKE HOUSE WITH DEEP WATER DOCK,
featuring a 5Bed 5Bath, 3344Sqft house with gorgeous Lake Views
from the Large Covered Patio, and Extra Parking for all your lake
guests. This house has been a Great VRBO rental offering loads of
space to entertain and sleep up to 14 guests in the house and
separate 360Sqft Guest Quarters. Enjoy easy access to Shopping and
Dining nearby as well as the Hiking and Biking Trails on the
Peninsula, and Excellent Fishing and Swimming from the newly
updated 2 Boat Lift Dock. This is the perfect Family Compound and
or Rental Lake Retreat Escape to enjoy the Serenity of the
Beautiful PK Sunsets and Sunrises in this Rustic Rolling Hill
Country Setting.
Unit Size
3,344 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$404
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970
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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: 5 months ago (NTREIS #14653450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2021 | Sold | ||
| Sold | |||
| Aug 21, 2021 | Listed by Possum Kingdom Real Estate | $1,350,000 | |
| Listed by Possum Kingdom Real Estate | |||
| | |||
|
PRIME PENINSULA WATERFRONT LAKE HOUSE WITH DEEP WATER DOCK, featuring a 5Bed 5Bath, 3344Sqft house with gorgeous Lake Views from the Large Covered Patio, and Extra Parking for all your lake guests. This house has been a Great VRBO rental offering loads of space to entertain and sleep up to 14 guests in the house and separate 360Sqft Guest Quarters. Enjoy easy access to Shopping and Dining nearby as well as the Hiking and Biking Trails on the Peninsula, and Excellent Fishing and Swimming from the newly updated 2 Boat Lift Dock. This is the perfect Family Compound and or Rental Lake Retreat Escape to enjoy the Serenity of the Beautiful PK Sunsets and Sunrises in this Rustic Rolling Hill Country Setting.
| |||
| May 10, 2021 | Sold | ||
| Sold | |||
| Nov 4, 2020 | No longer available | - | |
| No longer available | |||
| Aug 21, 2020 | Listed | $1,100,000 | |
| Listed | |||
| | |||
|
Location, location, location Large beautiful home with an easy walk to the water vaulted ceilings large living area with plenty of sleeping space large kitchen beautiful views of Possum Kingdom Lake. With an extra guest quarters large bedroom with a full bath. The manager has listed the unit size as 3344 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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About Palo Pinto
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Listed by: Maggie Burgess, Possum Kingdom Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14653450
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14653450
Details provided by NTREIS and may not match the public record
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