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Grayson 75076
556 Parker Drive
$292,000
● House - Off Market

556 Parker Drive

Pottsboro, TX 75076
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,221 Ft²
$305,902
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Beautiful 2 bedroom, 2 bathroom home very close to Lake Texoma!  This is the perfect place for someone downsizing or for a vacation rental.  The home features a large open living and eat-in kitchen.  Both bedrooms are oversized with large closets. The master bath has a single sink and shower with plenty of storage!  The 2nd bath has a tub shower and single sink.  The large covered deck overlooks the back yard and offers privacy while you enjoy the outdoors!  A fenced in side yard is perfect for your pet.  The yard features multiple fruit trees! The seller will provide a list of types of trees!  A large 24x30 shop with garage door opener is perfect for your storage or projects!  Don't miss this opportunity!
Unit Size
1,221 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$245
Property Type
House
Property Taxes
$227
HOA Dues
$10
Year Built
2007

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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 #20087935)

Price History

Date / Event Date Event Price
Jul 27, 2022 Sold
Premium
Sold
Jun 16, 2022 Listed by Patterson Real Estate $299,000
Listed by Patterson Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2010
  • Building Count: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,003
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,221
  • Gross Building Area: 1,383
  • Building Area: 1,221
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,221
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIMMONS SHORES
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SIMMONS SHORES, LOT 370 THRU 372 AND 1274, ACRES .4592

Neighborhood

  • School District Name: Pottsboro Independent School District
  • Census Tract: 000306

Geography

  • Assessors Map Reference: 150-D
  • Parcel: 105740
  • Lot: 370-
  • Municipality: UNINCORPORATED
  • Latitude: 33.819
  • Longitude: -96.6716

    Address

  • Full Address: 556 Parker Dr
  • Address - House Number: 556
  • Address - Street Name: Parker
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Pottsboro
  • Carrier Code: R005
  • 4-Digit Zip Code: 5294
  • Zip Code: 75076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,757
  • Tax Rate Code Area: SPB

    Appraisal Valuation

  • Standard Deviation: 0.2589
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 348,410
  • High Value: 438,641
  • Low Value: 258,180

    Market Valuation

  • Market Total Value: $225,278
  • Market Land Value: $46,544
  • Market Improvement Value: $178,734

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $225,278
  • Assessed Land Value: $46,544
  • Assessed Improvements Value: $178,734

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 25555
  • Previous Sale Recording Date: Aug 17, 2015
  • Previous Sale Contract Date: Aug 13, 2015
  • 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 Grayson

Stats & Trends

Median Asking:

$304,990

Sale Price/ft²

$172

Above Asking

0.00%

Average Days on Market

86

Average Home Size

2100 ft²

Average Home Age

32.5 years

Currently For Sale

1460 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 434 Sherman Drive, Pottsboro, TX, 75076

$1,200 /mo

  • 3 Beds
  • 2 Baths
  • 896 ft²
434 Sherman Drive, Pottsboro, TX, 75076 Listing by Rebecca Cucovatz

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jeff Patterson, Patterson Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20087935
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 556 Parker Drive built and last sold?
The property at 556 Parker Drive was built in 2007 and last sold on Jul 27, 2022 for $310,688.
How much is this home worth?
The estimated value of the home located at 556 Parker Drive is $0.
What are some comparable homes to 556 Parker Drive?
There are currently no comparable homes to 556 Parker Drive.
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