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Palo Pinto
3609 Brandy Road
$425,000
● House - Off Market

3609 Brandy Road

Possum Kingdom Lake, TX 76429
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,500 Ft²
$596,474
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

This extremely well kept waterfront home comes furnished and it's move in ready. The interior is fresh and inviting with a country kitchen and comfortable living room with a wood burning stove to warm all hearts. A large covered patio overlooks the wooden decks that stair step down to the gently sloping lakeside yard. The pier extends out to a platform for fishing and relaxing. The detached sturdy metal garage workshop is spacious enough to park your vehicles and watercraft, and has enough flex-space to add another bedroom and a bathroom if desired. The concrete driveway extends down the multi level lot down to the waterfront. Mature trees provide cool shade. Very peaceful and private location. Must see soon!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
1.29 acres
Price per sqft
$300
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1996

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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 #14433053)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Sep 22, 2020 Listed by Possum Kingdom Real Estate $450,000
Listed by Possum Kingdom Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,105
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,860
  • Gross Building Area: 2,860
  • Building Area: 2,860
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,860
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 9-3-9 AREA 3-1
  • Land Acres: 0000001288
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 9-3-9 AREA 3-1 LOT W-23 (FEE SIMPLE 1.177 AC & FERC .111 AC) G#P0500-00-03010-00W-23-0 DOCK #10953/N

Neighborhood

  • School District Name: Palo Pinto Independent School District
  • School Tax School District: PPI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000022920
  • Subdivision Tract Number: Mar 09, 2009
  • Parcel: 188870000
  • Lot: W-23
  • Municipality: CADDO
  • Latitude: 32.8302
  • Longitude: -98.557

    Address

  • Full Address: 3609 Brandy Rd
  • Address - House Number: 3609
  • Address - Street Name: Brandy
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Caddo
  • Carrier Code: R001
  • 4-Digit Zip Code: 2716
  • Zip Code: 76429

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $646,544
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 285,967
  • High Value: 415,688
  • Low Value: 156,245

    Market Valuation

  • Market Total Value: $476,860
  • Market Land Value: $266,500
  • Market Improvement Value: $210,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $476,860
  • Assessed Land Value: $266,500
  • Assessed Improvements Value: $210,360

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00006910
  • Previous Sale Recording Date: Nov 27, 2017
  • Previous Sale Contract Date: Nov 20, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 70
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

Rentals Near You

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NTREIS

Listed by: John Morris, Possum Kingdom Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14433053
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3609 Brandy Road built and last sold?
The property at 3609 Brandy Road was built in 1996 and last sold on Nov 23, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 3609 Brandy Road is $0.
What are some comparable homes to 3609 Brandy Road?
There are currently no comparable homes to 3609 Brandy Road.
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