$400,000
●
Condo -
Off Market
401 Eagle Point
Possum Kingdom Lake, TX 76449
2 Beds
0 Bath
1,496 Ft²
$475,796
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
A clean slate, unit completely redone. List price has been adjusted
to compensate for new flooring to be installed. Fresh paint
throughout, new ceiling fans & doors. Ground floor lake side 2
bedroom-2 bath unit. NO STAIRS. Panoramic view of Possum Kingdom
Lake from covered patio, made for entertaining, protected from the
afternoon Texas sun. Side patio for BBQing or play area for the
children. Attached garage with additional storage. Large Master
bedroom with lake view, walk in closet & double vanity. Large 2nd
bedroom with walk in closet. Granite counter tops, stainless steel
appliances, breakfast bar & loads of cabinets & counter tops. Stone
fireplace in open living & dining areas. Eagle Point has a private
pool for Owners & Guests.
Unit Size
1,496 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$318
Property Type
Condo
Property Taxes
$379
HOA Dues
$520
Year Built
1999
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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 #20239363)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2023 | Sold | ||
| Sold | |||
| Jan 16, 2023 | Listed by Coldwell Banker Realty | $475,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Available
Garage
Parking Details
Has Garage
Attached Garage
Garage Length: 21
Garage Width: 13
Garage Spaces: 1
Parking Features: 0
Interior Details
Interior Features: Decorative Lighting, Double Vanity, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Washer
Flooring Type: Carpet, Laminate
Has Fireplace
Wood Burning
Fireplaces: 1
Exterior Details
Listing Terms: Cash, Conventional
Foundation Details: Slab
Roof: Composition
Construction Materials: Cedar, Rock/Stone
Water/Lake View, Waterfront
Lot Size Acres: 0.1740
Financial Details
Unexempt Taxes: $4,550
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Heat Pump
Heating Type: Central, Electric
Water Body Name: Possum Kingdom
Location Details
HOA/Condo/Coop Fee Includes: Full Use of Facilities, Maintenance Grounds, Maintenance Structure, Management Fees, Security
HOA Fee: $520
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/16/2023
| |
2 Bed
|
-
|
1496 ft²
|
$475,000
2 Bed
-
1496 ft²
|
$400,000
-15.79%
06/09/2023
|
Ric Hayward
Coldwell Banker Realty
|
Building Info
About Palo Pinto
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Listed by: Ric Hayward, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20239363
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20239363
Details provided by NTREIS and may not match the public record
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