$685,000
●
House -
Off Market
4098 Elderberry Road
Gilmer, TX 75644
2 Beds
2 Baths
1,650 Ft²
$804,245
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Luxury East Texas Ranch with Barndominium! 80.084 acres of improved
pasture ready for grazing your cattle or horse operation. 4000 sq
ft Barndominium with approximately 1650 sq ft finished out with 2
beds, 2 bath, open kitchen, dinette and living room with high end
finishes, remainder of building consists of open area for storage,
parking or party barn. The home overlooks a private 6 Acre
lake with covered pier stocked with bass, bream and baitfish.
Cattle working pens and loafing shed is connected to the back of
the building with room to set up several stalls for horses. Covered
RV area connected to the building with 35 amp breaker and sewer.
You must see this property to appreciate all it has to offer.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
80.08 acres
Price per sqft
$442
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020
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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: 5 months ago (NTREIS #14618899)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 21, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by Nolan Properties, LLC | $730,000 | |
| Listed by Nolan Properties, LLC | |||
| | |||
|
Luxury East Texas Ranch with Barndominium! 80.084 acres of improved pasture ready for grazing your cattle or horse operation. 4000 sq ft Barndominium with approximately 1650 sq ft finished out with 2 beds, 2 bath, open kitchen, dinette and living room with high end finishes, remainder of building consists of open area for storage, parking or party barn. The home overlooks a private 6 Acre lake with covered pier stocked with bass, bream and baitfish. Cattle working pens and loafing shed is connected to the back of the building with room to set up several stalls for horses. Covered RV area connected to the building with 35 amp breaker and sewer. You must see this property to appreciate all it has to offer.
| |||
| Dec 5, 2018 | No longer available | - | |
| No longer available | |||
| Sep 5, 2018 | Listed | $399,000 | |
| Listed | |||
| | |||
|
LOOKING FOR A PLACE TO CALL YOUR OWN.. 79+- ACRES, A PLACE TO RUN CATTLE AND TO BUILD YOUR DREAM HOME? THIS PLACE HAS THE PERFECT SPOT FOR A HOUSE OVERLOOKING A 7 TO 8 ACRE STOCKED LAKE. THIS PROPERTY HAS ROLLING HILLS, A LIVE CREEK, AND MEADOWS FOR THE LIVESTOCK. ALSO IN PLACE IS AN EQUIPMENT BARN/ METAL WORKSHOP THAT HAS APPROXIMATELY 4000 FEET OF STORAGE SPACE, AN ADDITIONAL 926 SQ FEET OF COVERED PORCHES, AND 1520 SQ FEET COVERED LIVESTOCK AREA. MAKE THIS A HOUSE OR USE IT AS A SHOP. THERE IS AN ADDITIONAL 38 ACRES AVAILABLE IN ADDITION TO THIS PIECE IF SOMEONE WANTED MORE LAND
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Property Highlights
Parking Available
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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HOA + Taxes
About Upshur
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Listed by: Scott Nolan, Nolan Properties, LLC
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14618899
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14618899
Details provided by NTREIS and may not match the public record
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