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Palo Pinto 76449
5409 Edgewater
$2,900,000
● House - Off Market

5409 Edgewater

Graham, TX 76450
bedrooms
6 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
4,271 Ft²
$3,182,553
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This property has it ALL!  5 large bedrooms PLUS separate guest quarters with kitchenette.  HUGE garage-shop-toy barn.  Big, 2 slip deep water dock with PWC lifts.  Awesome views of the lake from either the first floor, large covered porch or the second story large covered porch.  Almost 2 acre lot with privacy and a pathway to the dock that will accomodate a golf cart for ease to the dock- best of both worlds- elevated for the view but no walking to the dock below!  A perfect full time family home or second home on beautiful Possum Kingdom Lake.
Unit Size
4,271 Ft²
Days on Market
-
Land Size
1.92 acres
Price per sqft
$702
Property Type
House
Property Taxes
$3,319
HOA Dues
-
Year Built
2010

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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 #20180316)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 5, 2022 Listed by Berkshire HathawayHS Pondera $2,999,900
Listed by Berkshire HathawayHS Pondera

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 7
  • Garage Square Area: 529
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 83,592
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,871
  • Gross Building Area: 5,871
  • Building Area: 5,871
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,871
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 28-2-29 AREA 6-P
  • Land Acres: 0000001919
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 28-2-29 AREA 6-P LOT 5 (FEE SIMPLE 1.783 AC & FERC .136 AC) G#P0500-00-060P0-005-00-0 DOCK #9421/Y

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 000100

Geography

  • Account Number: R000023333
  • Parcel: 192200000
  • Lot: 5
  • Municipality: GRAHAM
  • Latitude: 32.8979
  • Longitude: -98.4952

    Address

  • Full Address: 5409 Edgewater
  • Address - House Number: 5409
  • Address - Street Name: Edgewater
  • State: TX
  • City Name: Graham
  • Carrier Code: H074
  • 4-Digit Zip Code: 5714
  • Zip Code: 76450

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,587,258
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 1,732,756
  • High Value: 2,518,777
  • Low Value: 946,734

    Market Valuation

  • Market Total Value: $2,430,660
  • Market Land Value: $646,790
  • Market Improvement Value: $1,783,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,430,660
  • Assessed Land Value: $646,790
  • Assessed Improvements Value: $1,783,870

    Sales

  • Current Sale Contract Date: Dec 07, 2022
  • Current Sale Recording Date: Dec 12, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8314
  • Previous Sale Recording Date: May 05, 2014
  • Previous Sale Contract Date: May 02, 2014
  • Previous Sale Document Type: 71
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 Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2282 ft²

Average Home Age

-

Currently For Sale

292 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

Currently no nearby rentals
NTREIS

Listed by: Marsha Bettis, Berkshire HathawayHS Pondera
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20180316
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5409 Edgewater Drive built and last sold?
The property at 5409 Edgewater Drive was built in 2010 and last sold on Dec 7, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 5409 Edgewater Drive is $3,029,899.
What are some comparable homes to 5409 Edgewater Drive?
There are currently no comparable homes to 5409 Edgewater Drive.
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