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Wood 75773
485 County Road 2275
$439,000
● House - Off Market

485 County Road 2275

Mineola, TX 75773
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,884 Ft²
$459,360
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Beautiful home with lake frontage on Lake Holbrook. This open concept home has a split floorplan with 4 bedrooms and 2 bathrooms. The kitchen has granite counter tops, stainless steel appliances to also include the refrigerator. Living and dining room combo with fireplace. Home has a 2 car attached garage and an additional 2 car detached garage or workshop. Large backyard with covered patio. Property sits on 2 half acre lots. The lake frontage is across the street and there is a public boat ramp within walking distance.  Home is in the Water View Estates subdivision.  Enjoy lake living and beautiful sunsets.
Unit Size
1,884 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$233
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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 #20151962)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Aug 31, 2022 Listed by Century 21 First Group $439,000
Listed by Century 21 First Group

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,839
  • Gross Building Area: 2,795
  • Building Area: 1,839
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,839
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERVIEW ESTATES PH 1
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: LOT 10 .5 WATERVIEW ESTATES PH 1

Neighborhood

  • School District Name: Alba-Golden Independent School District
  • Census Tract: 950700

Geography

  • Account Number: 2264-0000-0100-15
  • Parcel: 84695
  • Lot: 10
  • Municipality: MINEOLA
  • Latitude: 32.7151
  • Longitude: -95.5374

    Address

  • Full Address: 485 County Road 2275
  • Address - House Number: 485
  • Address - Street Name: County Road 2275
  • State: TX
  • City Name: Mineola
  • Carrier Code: R003
  • 4-Digit Zip Code: 6508
  • Zip Code: 75773

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: GWD SAL WD

    Appraisal Valuation

  • Standard Deviation: 0.2571
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 63
  • Final Value: 328,935
  • High Value: 413,523
  • Low Value: 244,347

    Market Valuation

  • Market Total Value: $354,560
  • Market Land Value: $65,340
  • Market Improvement Value: $289,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,560
  • Assessed Land Value: $65,340
  • Assessed Improvements Value: $289,220

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Nov 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11962
  • Previous Sale Recording Date: Jul 17, 2020
  • Previous Sale Contract Date: Jul 16, 2020
  • Previous Sale Amount: $187,500
  • Previous Sale Document Type: 70
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 Wood

Stats & Trends

Median Asking:

$307,450

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2019 ft²

Average Home Age

-

Currently For Sale

278 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

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NTREIS

Listed by: Reva Cotton, Century 21 First Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20151962
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 485 County Rd 2275 built and last sold?
The property at 485 County Rd 2275 was built in 2013 and last sold on Oct 28, 2022 for $232,750.
How much is this home worth?
The estimated value of the home located at 485 County Rd 2275 is $0.
What are some comparable homes to 485 County Rd 2275?
There are currently no comparable homes to 485 County Rd 2275.
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