See Home Value
Palo Pinto 76449
395 Melbourne Trail
$1,561,000
● House - Off Market

395 Melbourne Trail

Possum Kingdom Lake, TX 76449
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,650 Ft²
$8,451
Est. Monthly
$108
HOA / Fees
1.69%
Cap Rate

About This Property

Nestled in the highly sought-after Neely Slough, this two story luxury lake home embodies elegance and comfort. The bottom floor showcases two beautifully appointed bedrooms, bathroom, walk in wine cellar, an inviting fireplace and a stylish wet bar. The main floor greets you with  breathtaking floor-to-ceiling windows that offer panoramic views of the picturesque lake, sunlight pours in illuminating the beautiful kitchen and living space with its warm glow. Ascending the spiral staircase you'll discover a versatile loft allowing for customization to suit your desires. Transform it into a private sanctuary for quiet reflection or utilize it as an additional sleeping. Additionally, this home comes fully furnished with tasteful and high-quality pieces making it move-in ready! Property also features a 35x35 2 story dock complete with 29x11 boat slip with drop cover and two PWC lifts. Water depth off of the end of the docks is currently 41 feet!
Unit Size
3,650 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$465
Property Type
House
Property Taxes
-
HOA Dues
$108
Year Built
1997

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Last updated: 2 years ago (NTREIS #20394758)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold
Sold
Jul 31, 2023 Listed by Coldwell Banker Realty $1,699,000
Listed by Coldwell Banker Realty
Nestled in the highly sought-after Neely Slough, this two story luxury lake home embodies elegance and comfort. The bottom floor showcases two beautifully appointed bedrooms, bathroom, walk in wine cellar, an inviting fireplace and a stylish wet bar. The main floor greets you with breathtaking floor-to-ceiling windows that offer panoramic views of the picturesque lake, sunlight pours in illuminating the beautiful kitchen and living space with its warm glow. Ascending the spiral staircase you'll discover a versatile loft allowing for customization to suit your desires. Transform it into a private sanctuary for quiet reflection or utilize it as an additional sleeping. Additionally, this home comes fully furnished with tasteful and high-quality pieces making it move-in ready! Property also features a 35x35 2 story dock complete with 29x11 boat slip with drop cover and two PWC lifts. Water depth off of the end of the docks is currently 41 feet!

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 13,809
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,650
  • Gross Building Area: 3,650
  • Building Area: 3,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLIFFS PHASE VIII
  • Land Acres: 0000000317
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: CLIFFS PHASE VIII LOT 148 G#C0250-08-00000-148-00-0

Neighborhood

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

Geography

  • Account Number: R000013458
  • Subdivision Phase Number: 8
  • Parcel: 110252480
  • Lot: 148
  • Municipality: GRAFORD
  • Latitude: 32.8503
  • Longitude: -98.4496

    Address

  • Full Address: 395 Melbourne Trl
  • Address - House Number: 395
  • Address - Street Name: Melbourne
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 5139
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,596,796
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.1927
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 74
  • Final Value: 1,433,813
  • High Value: 1,710,240
  • Low Value: 1,157,387

    Market Valuation

  • Market Total Value: $1,177,720
  • Market Land Value: $330,980
  • Market Improvement Value: $846,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,177,720
  • Assessed Land Value: $330,980
  • Assessed Improvements Value: $846,740

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Dec 19, 2023
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6773
  • Previous Sale Recording Date: Dec 04, 2015
  • Previous Sale Contract Date: Dec 01, 2015
  • Previous Sale Amount: $412,500
  • Previous Sale Document Type: 70

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto


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Frequently Asked Questions

When was property at 395 Melbourne Trail built and last sold?
The property at 395 Melbourne Trail was built in 1997 and last sold on Dec 18, 2023 for $1,010,800.
How much is this home worth?
The estimated value of the home located at 395 Melbourne Trail is $0.
What are some comparable homes to 395 Melbourne Trail?
There are currently no comparable homes to 395 Melbourne Trail.