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Palo Pinto 76453
320 Lake Point Drive
$500,000
● House - Off Market

320 Lake Point Drive

Gordon, TX 76453
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,835 Ft²
$792,555
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Lake front home with almost three acres of prime views of Palo Pinto Lake. you will enjoy the views from this open concept home with two living areas. Don't miss the new wood floors in the kitchen and living areas, and also beautiful granite counter tops in the kitchen and bathrooms. The kitchen has stainless appliances and a side by side refrigerator. Additional items include new air units, newly installed energy efficient windows, a large custom built rock fireplace, a well-supported sprinkler system, and a stone cooking pit. There is a large dock with boat lift, and jet ski ramps. There is also a guest house, plenty of parking, storage areas, garage, carport, well-supported sprinkler system, and RV hookup.
Unit Size
2,835 Ft²
Days on Market
-
Land Size
2.98 acres
Price per sqft
$194
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1970

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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 #14197505)

Price History

Date / Event Date Event Price
Feb 13, 2020 Sold
Premium
Sold
Oct 2, 2019 Listed by BOURQUIN REALTY $549,000
Listed by BOURQUIN REALTY

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 129,896
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,019
  • Gross Building Area: 4,019
  • Building Area: 4,019
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,019
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SURVEY A-770
  • Land Acres: 0000002982
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOVE PP LAKE BLK 4 LOTS 11,12,13 COPPERHEAD BLK 1 LT 17A & AB 770 TR 25 G#L0650-00-00040-012-00-0

Neighborhood

  • School District Name: Santo Independent School District
  • School Tax School District: SNI HPD ESD1
  • Census Tract: 000300

Geography

  • Account Number: R000019836
  • Subdivision Tract Number: 25
  • Parcel: 158720000
  • Block: 1,4
  • Lot: 11-13
  • Municipality: GORDON
  • Latitude: 32.6477
  • Longitude: -98.2996

    Address

  • Full Address: 320 Lake Point Dr
  • Address - House Number: 320
  • Address - Street Name: Lake Point
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Gordon
  • Carrier Code: R031
  • 4-Digit Zip Code: 4827
  • Zip Code: 76453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $971,140
  • Tax Rate Code Area: CAD 182 SN

    Appraisal Valuation

  • Standard Deviation: 0.2772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 708,953
  • High Value: 905,514
  • Low Value: 512,392

    Market Valuation

  • Market Total Value: $683,980
  • Market Land Value: $359,730
  • Market Improvement Value: $324,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $683,980
  • Assessed Land Value: $359,730
  • Assessed Improvements Value: $324,250

    Sales

  • Current Sale Contract Date: Feb 13, 2020
  • Current Sale Recording Date: Feb 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00001003
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

Unit for rent at 520 Deer Trail, Gordon, TX, 76453

$5,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,725 ft²
520 Deer Trail, Gordon, TX, 76453 Listing by Jerry Moody

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: David Bourquin, BOURQUIN REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14197505
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 320 Lake Point Drive built and last sold?
The property at 320 Lake Point Drive was built in 1970 and last sold on Feb 13, 2020 for $312,500.
How much is this home worth?
The estimated value of the home located at 320 Lake Point Drive is $0.
What are some comparable homes to 320 Lake Point Drive?
There are currently no comparable homes to 320 Lake Point Drive.
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