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Palo Pinto 76449
2831 Hamilton Drive
$610,000
● House - Off Market

2831 Hamilton Drive

Possum Kingdom Lake, TX 76449
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,330 Ft²
$869,282
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Just a Stones Throw to the Water from this Quaint and Cozy Lakefront Cottage. This quintessential Cabin is sure to provide years of fun for the friends and family. Large Windows frame the Comfortable Living and Kitchen spaces. Enjoy the stacked stone fireplace on a cool evening. Take in the the southern breezes from the lakeside deck and patio. Fenced yard for pets. Kid friendly, easy access gradual, sandy waterfront . Clean slate to either build your own private dock or enjoy the pristine beachfront as is.Two car garage offers ample space for all your lake toys. Large treed lot with plenty of room for expansion, located on the desirable Peninsula of Possum Kingdom Lake.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$466
Property Type
House
Property Taxes
$720
HOA Dues
-
Year Built
1955

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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 #14300920)

Price History

Date / Event Date Event Price
Jun 10, 2020 Sold
Premium
Sold
Mar 10, 2020 Listed by Coldwell Banker Realty $620,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,543
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,278
  • Gross Building Area: 2,278
  • Building Area: 2,278
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,278
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 5-2-31 AREA 1-23
  • Land Acres: 0000000793
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-23 LOT 15 (FEE SIMPLE .732 AC & FERC .061 AC) DOCK#9445/Y G#P0500-00-01230-015-00-0

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000100

Geography

  • Account Number: R000022539
  • Parcel: 185460100
  • Lot: 15
  • Municipality: GRAFORD
  • Latitude: 32.879
  • Longitude: -98.5013

    Address

  • Full Address: 2831 Hamilton Dr
  • Address - House Number: 2831
  • Address - Street Name: Hamilton
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 4325
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,709,300
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 1,207,510
  • High Value: 1,542,299
  • Low Value: 872,722

    Market Valuation

  • Market Total Value: $1,158,190
  • Market Land Value: $843,840
  • Market Improvement Value: $314,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,158,190
  • Assessed Land Value: $843,840
  • Assessed Improvements Value: $314,350

    Sales

  • Current Sale Contract Date: Jun 09, 2020
  • Current Sale Recording Date: Jun 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00003043
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

2278 ft²

Average Home Age

-

Currently For Sale

293 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: Tony Klapper, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14300920
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2831 Hamilton Drive built and last sold?
The property at 2831 Hamilton Drive was built in 1955 and last sold on Jun 9, 2020 for $610,000.
How much is this home worth?
The estimated value of the home located at 2831 Hamilton Drive is $0.
What are some comparable homes to 2831 Hamilton Drive?
There are currently no comparable homes to 2831 Hamilton Drive.
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