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Palo Pinto 76449
305 Jones Road
$275,000
● House - Off Market

305 Jones Road

Graford, TX 76449
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,848 Ft²
$312,012
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Rare find. Almost 2.5 acres of potential income producing property. Double wide currently on property is occupied full time, and a single wide is just waiting to be finished out. Plentiful mature trees offer abundant shade. Large metal garage or shop for all of your equipment or toys. These tracts are being sold as one unit and offer septic, electric, and water for up to 7 homes. Mobile homes and RV's are allowed and would make a perfect small mobile home park, or RV space rental for long or short term. Private well to double wide. Buyer or buyers agent to verify available water supply from Clint Pruitt or Possum Kingdom Water Supply
Unit Size
1,848 Ft²
Days on Market
-
Land Size
2.32 acres
Price per sqft
$162
Property Type
House
Property Taxes
$9
HOA Dues
-
Year Built
1983

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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 #20052929)

Price History

Date / Event Date Event Price
Sep 2, 2022 Sold
Premium
Sold
May 9, 2022 Listed by Coldwell Banker Realty $300,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 10,890
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SUNSET ACRES PK LAKE
  • Land Acres: 0000000250
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: ACRES: 0.250 SUNSET ACRES PK LAKE NW COR OF LOT 11 LAB#TEX-0250608 1983 G#S1200-00-00000-011-0C-0

Neighborhood

  • School District Name: Graford Independent School District
  • Census Tract: 000100

Geography

  • Account Number: R000027059
  • Parcel: 224581000
  • Lot: 11
  • Municipality: GRAFORD
  • Latitude: 32.9238
  • Longitude: -98.4333

    Address

  • Full Address: 305 Jones Rd
  • Address - House Number: 305
  • Address - Street Name: Jones
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Graford
  • Carrier Code: H052
  • 4-Digit Zip Code: 3121
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,053
  • Tax Rate Code Area: 182 ESD1 G

    Market Valuation

  • Market Total Value: $20,150
  • Market Land Value: $20,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,150
  • Assessed Land Value: $20,150
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.

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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# 20052929
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 305 Jones Road built and last sold?
The property at 305 Jones Road was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 305 Jones Road is $0.
What are some comparable homes to 305 Jones Road?
There are currently no comparable homes to 305 Jones Road.
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