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Pottsboro 75076
511 Preston Drive
$242,500
● House - Off Market

511 Preston Drive

Pottsboro, TX 75076
bedrooms
2 Beds
bathrooms
0 Bath
square feet
2,045 Ft²
$340,984
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

PRICE IMPROVEMENT! Updated in 2018 this open floor plan barn house on a 1 acre lot with over 20 mature shade trees boasts soaring wood ceilings in every room. Floor to ceiling windows keep the living area light and bright with a peaceful view of the countryside. You'll enjoy the sunset views from your covered flagstone patio. Attached garage is 590' square feet with a 10' door, can easily be converted to living area or master bedroom. Bring your RV there is a special plug-in just for it. Plenty of room to build a traditional home and use the barn as a shop or hang out space. Seller is licensed real estate agent. Buyer and Buyers agent to verify all information in listing.
Unit Size
2,045 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$125
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
2004

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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 #14427461)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by Homes By Lainie Real Estate Group $255,000
Listed by Homes By Lainie Real Estate Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,017
  • Lot Size Depth Feet: 2,730
  • Lot Size Frontage Feet: 1,610
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 2,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 2,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON RIDGE ADDN
  • Land Acres: 0000001011
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: PRESTON RIDGE ADDN, BLOCK 3, LOT 15

Neighborhood

  • School District Name: Pottsboro Independent School District
  • Census Tract: 000302

Geography

  • Assessors Map Reference: 182-H
  • Parcel: 153754
  • Block: 3
  • Lot: 15
  • Municipality: POTTSBORO
  • Latitude: 33.7609
  • Longitude: -96.6759

    Address

  • Full Address: 511 Preston Dr
  • Address - House Number: 511
  • Address - Street Name: Preston
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Pottsboro
  • Carrier Code: R006
  • 4-Digit Zip Code: 3018
  • Zip Code: 75076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $617,882
  • Tax Rate Code Area: SPB

    Appraisal Valuation

  • Standard Deviation: 0.2589
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 369,648
  • High Value: 465,379
  • Low Value: 273,917

    Market Valuation

  • Market Total Value: $265,108
  • Market Land Value: $100,917
  • Market Improvement Value: $164,191

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $265,108
  • Assessed Land Value: $100,917
  • Assessed Improvements Value: $164,191

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00030341
  • Previous Sale Recording Date: Jun 30, 2008
  • Previous Sale Contract Date: Jun 26, 2008
  • Previous Sale Amount: $50,000
  • 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 Pottsboro

Stats & Trends

Median Asking:

$289,900

Sale Price/ft²

$174

Below Asking

0.05%

Average Days on Market

65

Average Home Size

2171 ft²

Average Home Age

26.1 years

Currently For Sale

27 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 107 Bryant Street, Pottsboro, TX, 75076

$1,195 /mo

  • 2 Beds
  • 2 Baths
  • 1,350 ft²
107 Bryant Street, Pottsboro, TX, 75076 Listing by Mark Doty
Unit for rent at 307 Jones Circle, TX, 75076

$1,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,216 ft²
307 Jones Circle, TX, 75076 Listing by Rebecca Cucovatz

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Tisha Calhoun, Homes By Lainie Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14427461
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 511 Preston Drive built and last sold?
The property at 511 Preston Drive was built in 2004 and last sold on Oct 13, 2020 for $242,500.
How much is this home worth?
The estimated value of the home located at 511 Preston Drive is $0.
What are some comparable homes to 511 Preston Drive?
There are currently no comparable homes to 511 Preston Drive.
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