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Grayson 76258
2702 Berend Road
$477,000
● House - Off Market

2702 Berend Road

Pilot Point, TX 76258
bedrooms
Studio
bathrooms
0 Bath
square feet
1,291 Ft²
$2,449
Est. Monthly
4.02%
Cap Rate

About This Property

HIGHEST AND BEST OFFERS BY APRIL 16th 5pm. Contract fell out due to buyer's financing. Discover serenity on this picturesque property where the true value lies within the land. Nestled among flourishing trees that burst into stunning blooms each spring and summer, this tranquil oasis offers an enchanting retreat. Featuring two hand-dug shallow ponds, this idyllic setting beckons nature lovers and those seeking peaceful moments. This property includes a shop with electricity that was built in 2019, it's a canvas awaiting your vision. Embrace the beauty of nature and create your own haven in this enchanting landscape.
Unit Size
1,291 Ft²
Days on Market
-
Land Size
4.98 acres
Price per sqft
$360
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1963

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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 #20530258)

Price History

Date / Event Date Event Price
May 2, 2024 Sold
Premium
Sold
Feb 14, 2024 Listed by KELLER WILLIAMS REALTY $465,000
Listed by KELLER WILLIAMS REALTY

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • 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: 171,234
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 1,712,340
  • Total Building Area: 1,291
  • Gross Building Area: 1,291
  • Building Area: 1,291
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,291
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: S. PRATER
  • Land Acres: 0000003931
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: A1719A S. PRATER, TR 1, 3.931 ACRES, OLD DCAD TR 3

Neighborhood

  • School District Name: Pilot Point Independent School District
  • Census Tract: 001902

Geography

  • Assessors Map Reference: 28-D
  • Subdivision Tract Number: 1,3
  • Parcel: R42979
  • Municipality: PILOT POINT
  • Latitude: 33.4146
  • Longitude: -96.8938

    Address

  • Full Address: 2702 Berend Rd
  • Address - House Number: 2702
  • Address - Street Name: Berend
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Pilot Point
  • Carrier Code: R001
  • 4-Digit Zip Code: 2913
  • Zip Code: 76258

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $198,442
  • Tax Rate Code Area: S12

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 365,957
  • High Value: 430,552
  • Low Value: 301,362

    Market Valuation

  • Market Total Value: $351,133
  • Market Land Value: $248,995
  • Market Improvement Value: $102,138

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $163,227
  • Assessed Land Value: $248,995
  • Assessed Improvements Value: $102,138

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Grayson

Stats & Trends

Median Asking:

$304,990

Sale Price/ft²

$172

Above Asking

0.00%

Average Days on Market

86

Average Home Size

2111 ft²

Average Home Age

32 years

Currently For Sale

1465 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: Kelly Lane, KELLER WILLIAMS REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20530258
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2702 Berend Road built and last sold?
The property at 2702 Berend Road was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2702 Berend Road is $0.
What are some comparable homes to 2702 Berend Road?
There are currently no comparable homes to 2702 Berend Road.
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