3203 County Road 3489
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
| Sep 8, 2023 | Listed by Sphere Realty, LLC | $549,000 | |
| Listed by Sphere Realty, LLC | |||
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FIRST TIME OFFERRED – Old house sitting on 67.6 acres with 2 barns and 2 beautiful ponds. This ranch is fully fenced with gates and has over 2,400 feet of road frontage along CR 3489. The existing home is livable and has a water meter and electricity but is being sold “AS IS” and will only be shown if necessary. The value is in the land and the incredible amount of road frontage that may allow for future subdividing. The two ponds are absolutely beautiful, have bass, and the north pond is in a limestone bed. Multiple building sites available for a new home! With no known restrictions this property offers tremendous investment potential being just minutes south of the new Bois d’Arc lake (16,641 acres) and just minutes north of the new Ralph Hall Lake (7,600 acres). New survey available. Add up all the features above then compare the per acre price to every other Fannin County MLS listing to see the value of this tremendous propertry!
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| Oct 15, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Orbit Realty Group, LLC | $449,990 | |
| Listed by Orbit Realty Group, LLC | |||
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Limitless potential with this beautiful 67+ acre country retreat! Convienently located minutes from the new Ralph Hall Lake making this prime land for future development. Property has a ton of road frontage for easy access to multiple points and outbuildings. Lots of trees and two large ponds stocked with fish. Large shop with concrete flooring that can be used for multiple functions. Large pole barn located close to the road for easy access is a great spot to work livestock. Property is completely fenced with some areas being electric for added animal security. Small home on property which is probably a tear down but does currently have utilities. Bring your imagination and dreams to Honey Grove!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017