481 Lower Tonk Valley Road
About This Property
The home has been newly remodeled with thoughtful updates throughout, including new flooring and new countertops, creating a fresh and inviting feel. The kitchen features a new refrigerator, electric stove-top oven, microwave, and dishwasher, making it move-in ready.
Additional updates include a new 50-gallon electric water heater and an AC unit replaced in 2022, providing added comfort and peace of mind.
The property also features an expansive covered livestock and equipment area with multiple enclosed pens, offering excellent space for animals, storage, equipment, or a variety of rural uses. The fenced setup adds functionality and versatility to the acreage.
With 4.64 acres of open land, there is plenty of room for outdoor living, recreation, animals, gardening, entertaining, or simply enjoying the wide-open Texas sky. The peaceful setting offers a rare combination of privacy, space, and tranquility, all while being only minutes from Graham.
This is the property everyone is looking for- country living just minutes from town.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | Listed by Weatherbee Real Estate | $415,000 | |
| Listed by Weatherbee Real Estate | |||
| Sep 5, 2023 | Sold | ||
| Sold | |||
| Jul 9, 2023 | Listed by Weatherbee Real Estate | $298,000 | |
| Listed by Weatherbee Real Estate | |||
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Welcome to your dream country retreat! This country three-bedroom, two-bathroom home is nestled on spacious 4.64 acres offering an ideal blend of rustic charm and modern convenience. With plenty of room to roam, raise animals, cultivate your own garden oasis, and plenty of space for expansion or building additional structures. Perfectly situated for those who desire a peaceful country setting without sacrificing the convenience of being close to town Enjoy this serene atmosphere, ideal for unwinding and enjoying nature, this property is a true gem. The tract is crossed fenced into multiple traps for horses with several mare sheds. Pipe fencing and goat wire helps keeps pigs out! This is a really nice property!
Schedule your private showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017