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Palo Pinto
3841 Timberline
$480,000
● House - Off Market

3841 Timberline

Possum Kingdom Lake, TX 76429
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,554 Ft²
$2,991
Est. Monthly
2.91%
Cap Rate

About This Property

Create memories at this quaint very private lake house with dock & a spacious separate rec room & bunkhouse with large carport or covered patio. Includes a Rail system to launch & store your boat easily. Next door is BRA land along the slough. The house includes a kitchen with island, open to the very large gathering space, presently used as a dining room, living room 3 bedrooms and bath with washer & dryer. Square footage is combination of 990 sf house & 564 SF Bunkhouse.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$322
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
-

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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: 2 years ago (NTREIS #20796040)

Price History

Date / Event Date Event Price
May 1, 2025 Sold
Premium
Sold
Mar 27, 2025 In contract -
In contract
Dec 12, 2024 Listed by RE/MAX Elite Group $500,000
Listed by RE/MAX Elite Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Effective Year Built: 1992
  • 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: 4
  • Garage Square Area: 864
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,316
  • Lot Size Frontage Feet: 0
  • Total Building Area: 990
  • Gross Building Area: 990
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: D & S E RR CO SURVEY 1 ABSTRACT 1243
  • Land Acres: 0000000673
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 19A-3-3 AREA 4 LOT N-13 (FEE SIMPLE .673 AC) G#P0500-00-04000-00N-13-0 DOCK #6121/Y

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 950500

Geography

  • Account Number: R000022937
  • Subdivision Tract Number: 19A-3-3
  • Parcel: 189040000
  • Lot: N-13
  • Municipality: CADDO
  • Latitude: 32.8627
  • Longitude: -98.55

    Address

  • Full Address: 3841 Timberline
  • Address - House Number: 3841
  • Address - Street Name: Timberline
  • State: TX
  • City Name: Caddo
  • Zip Code: 76429

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $484,931
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.2763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 747,488
  • High Value: 954,088
  • Low Value: 540,888

    Market Valuation

  • Market Total Value: $328,580
  • Market Land Value: $205,210
  • Market Improvement Value: $123,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,580
  • Assessed Land Value: $205,210
  • Assessed Improvements Value: $123,370

    Sales

  • Current Sale Contract Date: Oct 22, 2018
  • Current Sale Recording Date: Oct 25, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2018-00005606
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

2281 ft²

Average Home Age

-

Currently For Sale

292 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: Judy Smith, RE/MAX Elite Group
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20796040
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3841 Timberline built and last sold?
The property at 3841 Timberline was built in and last sold on Oct 22, 2018 for $298,000.
How much is this home worth?
The estimated value of the home located at 3841 Timberline is $0.
What are some comparable homes to 3841 Timberline?
There are currently no comparable homes to 3841 Timberline.
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