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Brown 76857
5301 County Road 477
$416,000
● House - Off Market

5301 County Road 477

May, TX 76857
bedrooms
2 Beds
bathrooms
0 Bath
square feet
938 Ft²
$2,167
Est. Monthly
3.07%
Cap Rate

About This Property

Heavily wooded Hunters Dream! Completely surrounded by huge low fence ranches, this property is perfect for drawing in big bucks! Small brick farm house built in 1931, has 3 year old shingled roof and fenced yard. 50 amp RV hookup next to house, has a 196 ft depth water well and a 5 year old pressure tank providing water for animals at various locations on property. House is supplied by Zephyr Water and CECA Electric. 1600 sf Pole Barn with hoist trolley, 1200 sf basketball court and volleyball pole set up. Starlink internet available on site. Includes a Bonus Building Site further into the property where a 36x60 ft cinder block concrete filled construction foundation base for pier and beam home was started but not completed. This is a Must See Property for Hunters!
Unit Size
938 Ft²
Days on Market
-
Land Size
42.33 acres
Price per sqft
$461
Property Type
House
Property Taxes
$46
HOA Dues
-
Year Built
-

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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 #20502305)

Price History

Date / Event Date Event Price
Feb 23, 2024 Sold
Premium
Sold
Jan 1, 2024 Listed by Merritt Real Estate $432,000
Listed by Merritt Real Estate

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 15
  • 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: 921,947
  • Lot Size Frontage Feet: 0
  • Total Building Area: 938
  • Gross Building Area: 4,377
  • Building Area: 938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 938
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000021165
  • Standard Land Use Code: 1008
  • County Land Use Code: E
  • Legal Description 1: H T & B R R CO, SURVEY 59, ABSTRACT 438, TRACT W/2, ACRES 21.165

Neighborhood

  • School District Name: May Independent School District
  • Census Tract: 950100

Geography

  • Account Number: A0438-0001-01
  • Subdivision Tract Number: W/2
  • Parcel: 20045798
  • Municipality: MAY
  • Latitude: 31.8986
  • Longitude: -98.8904

    Address

  • Full Address: 5301 County Road 477
  • Address - House Number: 5301
  • Address - Street Name: County Road 477
  • State: TX
  • City Name: May
  • Carrier Code: R032
  • 4-Digit Zip Code: 3022
  • Zip Code: 76857

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $54,561
  • Tax Rate Code Area: GBC RRF SM

    Appraisal Valuation

  • Standard Deviation: 0.2352
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 67
  • Final Value: 308,992
  • High Value: 381,673
  • Low Value: 236,310

    Market Valuation

  • Market Total Value: $208,580
  • Market Land Value: $159,700
  • Market Improvement Value: $48,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,278

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 873
  • Previous Sale Recording Date: Aug 08, 2019
  • Previous Sale Contract Date: Aug 02, 2019
  • Previous Sale Amount: $73,800
  • 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 Brown

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$144

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1943 ft²

Average Home Age

-

Currently For Sale

218 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: Herman Merritt, Merritt Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20502305
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5301 County Rd 477 built and last sold?
The property at 5301 County Rd 477 was built in and last sold on Feb 23, 2024 for $442,624.
How much is this home worth?
The estimated value of the home located at 5301 County Rd 477 is $0.
What are some comparable homes to 5301 County Rd 477?
There are currently no comparable homes to 5301 County Rd 477.
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