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Rains 75472
400 Private Road 5451
$66,750
● Mobile Manufactured - Off Market

400 Private Road 5451

Point, TX 75472
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,568 Ft²
$66,102
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

A little piece of heaven by Lake Tawakoni!  Steps to the water, this charming home offers an opportunity for the lake house dream!  Property sale includes two Rains County property tax id's. 1st (mobile home) 13382, Geo ID:2600-0000-038A-43. 2nd (land) 7800, Geo ID: 2600-0000-0380-43. This is not a lake front property. It is a half block away to the boat ramp in the picture. Foundation needs leveling and back porch needs cosmetic updating.
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$38
Property Type
Mobile Manufactured
Property Taxes
$63
HOA Dues
-
Year Built
1993

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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 #14703090)

Price History

Date / Event Date Event Price
Dec 13, 2021 Sold
Premium
Sold
Nov 2, 2021 Listed by Rogers Healy and Associates $60,000
Listed by Rogers Healy and Associates

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,568
  • Gross Building Area: 1,664
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: A0014 BROOKS THOMAS, POLLARD; MH ONLY TEX0528376 & 77

Neighborhood

  • School District Name: Rains Independent School District
  • Census Tract: 950200

Geography

  • Parcel: 13382
  • Latitude: 32.8883
  • Longitude: -95.8936

    Address

  • Full Address: 400 Private Road 5451
  • Address - House Number: 400
  • Address - Street Name: Private Road 5451
  • State: TX
  • City Name: Point
  • Carrier Code: R002
  • 4-Digit Zip Code: 6111
  • Zip Code: 75472

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $39,031
  • Tax Rate Code Area: ERC GRC SR

    Appraisal Valuation

  • Standard Deviation: 0.2695
  • Valuation Date: Dec 08, 2021
  • Confidence Score: 61
  • Final Value: 98,040
  • High Value: 124,462
  • Low Value: 71,618

    Market Valuation

  • Market Total Value: $42,283
  • Market Improvement Value: $42,283

    Assessments Valuation

  • Assessed Year: 2021
  • Assessed Total Value: $42,283
  • Assessed Improvements Value: $42,283

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Rains

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$201

Below Asking

0.05%

Average Days on Market

98

Average Home Size

1916 ft²

Average Home Age

32.3 years

Currently For Sale

99 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 7261 Hwy 276, Point, TX, 75472

$1,450 /mo

  • 2 Beds
  • 1 Bath
  • 960 ft²
7261 Hwy 276 #6, Point, TX, 75472 Listing by Deann Potts

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Valerie Sorensen, Rogers Healy and Associates
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14703090
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 400 Private Road 5451 built and last sold?
The property at 400 Private Road 5451 was built in 1993 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 400 Private Road 5451 is $0.
What are some comparable homes to 400 Private Road 5451?
There are currently no comparable homes to 400 Private Road 5451.
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