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Abilene 79601 Ft. Phantom Area
49 Poverty Point Circle
$277,500
● House - Off Market

49 Poverty Point Circle

Abilene, TX 79601
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,252 Ft²
$384,394
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Lakefront Property! This well maintained 3 bedroom, 2 bath home is located on an OWNED waterfront lot on Ft. Phantom Lake! A freshly remodeled kitchen creates a spacious open concept into the living room, great for entertaining. Home features 2 full baths with the downstairs bath being fully updated. A large sunroom with numerous windows offers a picturesque view of the lake. Head out back & relax under the gazebos and enjoy the breeze off the lake on a deck extending out over the beach! Lots of covered parking to store equipment, vehicles, & boats. Is it time to move to the Lake?
Unit Size
2,252 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$129
Property Type
House
Property Taxes
$572
HOA Dues
-
Year Built
2001

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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 #14438972)

Price History

Date / Event Date Event Price
Nov 6, 2020 Sold
Premium
Sold
Sep 26, 2020 Listed by Peterson Real Estate LLC $290,000
Listed by Peterson Real Estate LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • 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: 0
  • Roof Cover Type: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,786
  • Lot Size Frontage Feet: 0
  • Total Building Area: 6,864
  • Gross Building Area: 6,864
  • Building Area: 6,864
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FT PHANTOM HILL SEC 3
  • Land Acres: 0000000569
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: FT PHANOTM HILL SECT 3 BLOCK A, LOT 22

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 020101

Geography

  • Account Number: 303609-000
  • Parcel: 12611
  • Block: A
  • Lot: 22
  • Municipality: ABILENE
  • Latitude: 32.6072
  • Longitude: -99.6682

    Address

  • Full Address: 49 Poverty Point Cir
  • Address - House Number: 49
  • Address - Street Name: Poverty Point
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Abilene
  • Carrier Code: R012
  • 4-Digit Zip Code: 8427
  • Zip Code: 79601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $705,828
  • Tax Rate Code Area: CAB GJO HS

    Appraisal Valuation

  • Standard Deviation: 0.2433
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 375,483
  • High Value: 466,852
  • Low Value: 284,113

    Market Valuation

  • Market Total Value: $294,340
  • Market Land Value: $71,130
  • Market Improvement Value: $223,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,340
  • Assessed Land Value: $71,130
  • Assessed Improvements Value: $223,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2020
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Previous Sale Recording Date: Aug 05, 2002
  • Previous Sale Contract Date: Aug 05, 2002
  • Previous Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: ADJ
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 Ft. Phantom Area

Stats & Trends

Median Asking:

$295,950

Sale Price/ft²

$190

Below Asking

0.05%

Average Days on Market

73

Average Home Size

1997 ft²

Average Home Age

51.5 years

Currently For Sale

11 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

Rentals Near You

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NTREIS

Listed by: Derek Peterson, Peterson Real Estate LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14438972
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 49 Poverty Point Circle built and last sold?
The property at 49 Poverty Point Circle was built in 2001 and last sold on Nov 6, 2020 for $352,747.
How much is this home worth?
The estimated value of the home located at 49 Poverty Point Circle is $0.
What are some comparable homes to 49 Poverty Point Circle?
There are currently no comparable homes to 49 Poverty Point Circle.
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