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Grayson 75495
345 Rustic Trail
$179,000
● Land - Off Market

345 Rustic Trail

Van Alstyne, TX 75495
bedrooms
Studio
bathrooms
0 Bath
$222,582
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

This is a beautiful 12.68 acre, ag exempt parcel in the highly sought after Van Alstyne School District. This is the perfect place for a home or bardominium. The west prong of Sister Grove Creek runs through the southwest side of the property and The property includes a 12x32 unfinished hunting cabin on the north side.
Unit Size
-
Days on Market
-
Land Size
12.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2018

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 6 months ago (NTREIS #14513626)

Price History

Date / Event Date Event Price
Mar 24, 2021 Sold
Premium
Sold
Feb 8, 2021 Listed by Newland Real Estate, Inc. $179,000
Listed by Newland Real Estate, Inc.
This is a beautiful 12.68 acre, ag exempt parcel in the highly sought after Van Alstyne School District. This is the perfect place for a home or bardominium. The west prong of Sister Grove Creek runs through the southwest side of the property and The property includes a 12x32 unfinished hunting cabin on the north side.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 553,125
  • Total Building Area: 336
  • Gross Building Area: 336
  • Building Area: 336
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 336
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRAFT SAMUEL A-G0200
  • Land Acres: 0000012698
  • Standard Land Use Code: 1000
  • County Land Use Code: E
  • State Land Use Code: E
  • Legal Description 1: G-0200 CRAFT SAMUEL A-G0200, ACRES 12.698

Neighborhood

  • School District Name: Van Alstyne Independent School District
  • Census Tract: 001803

Geography

  • Parcel: 394592
  • Municipality: VAN ALSTYNE
  • Latitude: 33.4646
  • Longitude: -96.5553

    Address

  • Full Address: 345 Rustic Trl
  • Address - House Number: 345
  • Address - Street Name: Rustic
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Van Alstyne
  • Carrier Code: R001
  • 4-Digit Zip Code: 3474
  • Zip Code: 75495

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $26,527
  • Tax Rate Code Area: SVA

    Appraisal Valuation

  • Standard Deviation: 0.4796
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 4
  • Final Value: 334,244
  • High Value: 494,567
  • Low Value: 173,920

    Market Valuation

  • Market Total Value: $243,740
  • Market Land Value: $236,325
  • Market Improvement Value: $7,415

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,761
  • Assessed Land Value: $4,346
  • Assessed Improvements Value: $7,415

    Sales

  • Current Sale Contract Date: Mar 23, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-00009571
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 Grayson

Stats & Trends

Median Asking:

$300,471

Sale Price/ft²

$170

Above Asking

0.00%

Average Days on Market

88

Average Home Size

2103 ft²

Average Home Age

31.6 years

Currently For Sale

1471 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 300 Judd Road, Van Alstyne, TX, 75495

$6,000 /mo

  • 5 Beds
  • 4 Baths
  • 3,711 ft²
300 Judd Road, Van Alstyne, TX, 75495 Listing by Melissa Henley

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Mark Alexander, Newland Real Estate, Inc.
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14513626
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 345 Rustic Trail built and last sold?
The property at 345 Rustic Trail was built in 2018 and last sold on Mar 23, 2021 for $167,800.
How much is this home worth?
The estimated value of the home located at 345 Rustic Trail is $180,790.
What are some comparable homes to 345 Rustic Trail?
There are currently no comparable homes to 345 Rustic Trail.
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