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Palo Pinto 76449
2837 Hamilton Drive
$4,800,000
● House - Off Market

2837 Hamilton Drive

Possum Kingdom Lake, TX 76449
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
7,451 Ft²
$6,045,705
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Truly one of a kind custom home! The perfect blend of luxury and Lake home feel. Boasts wide open water views of beautiful Possum Kingdom Lake. Imagine hoping in your boat from your private single slip boat dock to go to dinner by water.  Sun rises and sunsets that you will want to share with all your family and friends, and plenty of room to do sol! Gourmet kitchen, lakeside outdoor kitchen and living area for entertaining. Designated office or 6th bedroom would make this the perfect work from home location as well. Conveniently located on the south side of the Peninsula area of PK! Over sized bunk room sleeps 10. This home was built with decadence and the ultimate lake living lifestyle in mind. Step inside and you will not want to leave!
Unit Size
7,451 Ft²
Days on Market
-
Land Size
1.65 acres
Price per sqft
$805
Property Type
House
Property Taxes
$2,908
HOA Dues
-
Year Built
2008

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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 #20007577)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Mar 10, 2022 Listed by Clark Real Estate Group $5,999,000
Listed by Clark Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • 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: 3
  • Garage Square Area: 780
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 71,700
  • Lot Size Frontage Feet: 0
  • Total Building Area: 7,451
  • Gross Building Area: 7,451
  • Building Area: 7,451
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 7,451
  • 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: 0000001646
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 5-2-31 AREA 1-23 LOT 12 (FEE SIMPLE 1.48 AC & FERC .166 AC) DOCK #11137/Y G#P0500-00-01230-012-00-0

Neighborhood

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

Geography

  • Account Number: R000022536
  • Parcel: 185420000
  • Lot: 12
  • Municipality: GRAFORD
  • Latitude: 32.8794
  • Longitude: -98.5004

    Address

  • Full Address: 2837 Hamilton Dr
  • Address - House Number: 2837
  • 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: $6,863,911
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 3,278,139
  • High Value: 4,765,185
  • Low Value: 1,791,092

    Market Valuation

  • Market Total Value: $4,650,860
  • Market Land Value: $992,470
  • Market Improvement Value: $3,658,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,650,860
  • Assessed Land Value: $992,470
  • Assessed Improvements Value: $3,658,390

    Sales

  • Current Sale Contract Date: May 18, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3785
  • Previous Sale Recording Date: Mar 29, 2019
  • Previous Sale Contract Date: Mar 15, 2019
  • Previous Sale Document Type: 68
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

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NTREIS

Listed by: Dee Dee Jordan, Clark Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20007577
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2837 Hamilton Drive built and last sold?
The property at 2837 Hamilton Drive was built in 2008 and last sold on May 18, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 2837 Hamilton Drive is $0.
What are some comparable homes to 2837 Hamilton Drive?
There are currently no comparable homes to 2837 Hamilton Drive.
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