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Fannin 75452
494 County Rd 4865
$93,000
● House - Off Market

494 County Rd 4865

Leonard, TX 75452
bedrooms
Studio
bathrooms
0 Bath
$136,837
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Just reduced...10.18 acres ready for your new home to be built!   Quiet area, yet close to the city of Leonard.  Beautiful area, relatively flat acreage.   Treeline and electricity at the back of the land.  Water is at the road (CR 4865), or use a rainwater system.  Live in the country with close conveniences and major highways.
Unit Size
-
Days on Market
-
Land Size
10.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$2
HOA Dues
-
Year Built
2021

Payment Calculator

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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 #14351958)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
May 27, 2020 Listed by Keller Williams Realty DPR $99,900
Listed by Keller Williams Realty DPR

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1006
  • County Land Use Code: E2
  • Mobile Home Indicator: T
  • Legal Description 1: A0777 M MOORE, ACRES 1.0, LABEL# NTA2015929

Neighborhood

  • School District Name: Leonard Independent School District
  • Census Tract: 950701

Geography

  • Account Number: 0777-008-001A-02
  • Parcel: 128023
  • Municipality: LEONARD
  • Latitude: 33.377
  • Longitude: -96.2262

    Address

  • Full Address: 494 County Road 4865
  • Address - House Number: 494
  • Address - Street Name: County Road 4865
  • State: TX
  • City Name: Leonard
  • Carrier Code: R001
  • 4-Digit Zip Code: 5220
  • Zip Code: 75452

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $407,641
  • Tax Rate Code Area: GFA SLI

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 227,954
  • High Value: 331,629
  • Low Value: 124,278

    Market Valuation

  • Market Total Value: $268,760
  • Market Land Value: $22,560
  • Market Improvement Value: $246,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,360
  • Assessed Land Value: $22,560
  • Assessed Improvements Value: $246,200

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020005442
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 Fannin

Stats & Trends

Median Asking:

$299,999

Sale Price/ft²

$181

Below Asking

0.04%

Average Days on Market

93

Average Home Size

1910 ft²

Average Home Age

37.7 years

Currently For Sale

306 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

Unit for rent at 300 E Short Street, Leonard, TX, 75452

$2,295 /mo

  • 3 Beds
  • 2 Baths
  • 2,127 ft²
300 E Short Street, Leonard, TX, 75452 Listing by Rodger Alexander
Unit for rent at 250 Alondrita Street, Celeste, TX, 75423

$2,850 /mo

  • 4 Beds
  • 2 Baths
  • 1,800 ft²
250 Alondrita Street, Celeste, TX, 75423 Listing by Vivian Salas

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lori Ward, Keller Williams Realty DPR
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14351958
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 494 County Road 4865 built and last sold?
The property at 494 County Road 4865 was built in 2021 and last sold on Aug 31, 2020 for $318,400.
How much is this home worth?
The estimated value of the home located at 494 County Road 4865 is $0.
What are some comparable homes to 494 County Road 4865?
There are currently no comparable homes to 494 County Road 4865.
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