$950,000
●
House -
Off Market
262 Private Road 1219
Stephenville, TX 76401
4 Beds
3 Baths
3,696 Ft²
$1,209,992
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Impeccable turn-key horse property with all the amenities! A
premiere equine facility on 40 acres just 6 mins from Stephenville.
Upgraded home is a great floor plan featuring a beautiful kitchen
with stainless steel appliances, granite countertops, tile and a
copper farmhouse sink. Enjoy the oversized living room, downstairs
guest suite or office, large upstairs master bedroom with balcony
to watch the captivating Texas sunsets. Relax in the luxurious pool
after working in the 310x142 roping arena. Main barn has 13 stalls,
tack room, wash rack, office and 85x60 shop with concrete floors
for storage or equipment. Includes duplex and separate home for
rental income. Schedule your showing today!
Unit Size
3,696 Ft²
Days on Market
-
Land Size
40.00 acres
Price per sqft
$269
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
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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 #14519254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2021 | Sold | ||
| Sold | |||
| Feb 18, 2021 | Listed by All City Real Estate, Ltd. Co. | $995,000 | |
| Listed by All City Real Estate, Ltd. Co. | |||
| | |||
|
Impeccable turn-key horse property with all the amenities! A premiere equine facility on 40 acres just 6 mins from Stephenville. Upgraded home is a great floor plan featuring a beautiful kitchen with stainless steel appliances, granite countertops, tile and a copper farmhouse sink. Enjoy the oversized living room, downstairs guest suite or office, large upstairs master bedroom with balcony to watch the captivating Texas sunsets. Relax in the luxurious pool after working in the 310x142 roping arena. Main barn has 13 stalls, tack room, wash rack, office and 85x60 shop with concrete floors for storage or equipment. Includes duplex and separate home for rental income. Schedule your showing today!
| |||
| Oct 7, 2020 | Sold | ||
| Sold | |||
| Sep 1, 2020 | Listed by CLARK REAL ESTATE GROUP | $875,000 | |
| Listed by CLARK REAL ESTATE GROUP | |||
| | |||
|
Beautiful horse property on 110 +- acres close to town with multiple homes and barns. Main house is 3696sf with a wrap around porch and custom pool out back where you can see the lighted 310x142 roping arena and the 215x30 calf alley. The main barn includes 13 stalls, a tack room, large wash rack and office with an attached 85x60 shop out back with concrete floor and electric. There is income potential with an 1852sf duplex and an 800sf bunkhouse that had a combined past rental income of $1800 a month. Perimeter completely fenced with a large amount of county road frontage that has endless possibilities to subdivide and develop.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Comparables
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Status
Type
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Baths
ft²
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About Erath
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Listed by: Joel Allen, All City Real Estate, Ltd. Co.
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14519254
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14519254
Details provided by NTREIS and may not match the public record
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