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Palo Pinto 76450
5581 Arrowhead Drive
$519,000
● House - Off Market

5581 Arrowhead Drive

Possum Kingdom Lake, TX 76450
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,900 Ft²
$713,652
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

CHARMING PK LAKE COUNTRY WATERFRONT CABIN WITH DEEP WATER DOCK on a Westward facing Quiet Cove. Newly Updated 3Bed, 2Bath Cabin with Big Beautiful Lake & Hills Views from the Covered Back Patio and Large Picture Windows. The Cabin has new HVAC, Paint inside and out, Elec Panel, Appliances, Flooring throughout, Windows, Doors, Bath Tile, Wood Accent Wall, Gutters, Lake Water Pump and PK Water Meter Purchased. The Cabin also features large Open Concept Entertaining Rooms, Light and Bright Bedrooms, Oversized Bunk Room and great peaceful rustic outdoor shady tree areas to enjoy the Spectacular PK Sunrises and Sunsets. Perfect for a large family and or AIRBNB & VRBO Rentals. Best Fishing on PK right off the Dock.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$268
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
2009

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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 #14344604)

Price History

Date / Event Date Event Price
Jun 19, 2020 Sold
Premium
Sold
May 18, 2020 Listed by Possum Kingdom Real Estate $509,000
Listed by Possum Kingdom Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,924
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,900
  • Gross Building Area: 1,900
  • Building Area: 1,900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PK LAKE 29-1-72 AREA 7-A
  • Land Acres: 0000000664
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: PK LAKE 29-1-72 AREA 7-A LOT E-3 (FEE SIMPLE .573 AC & FERC .091 AC) G#P0500-00-070A0-00E-03-0 DOCK #2240/N

Neighborhood

  • School District Name: Graford Independent School District
  • School Tax School District: GRI HPD ESD1
  • Census Tract: 950600

Geography

  • Account Number: R000023401
  • Subdivision Tract Number: Jan 01, 1970
  • Parcel: 192900000
  • Lot: E-3
  • Municipality: GRAHAM
  • Latitude: 32.9019
  • Longitude: -98.4898

    Address

  • Full Address: 5581 Arrowhead Dr
  • Address - House Number: 5581
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graham
  • Zip Code: 76450

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $828,904
  • Tax Rate Code Area: CAD 182 GR

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 318,746
  • High Value: 463,337
  • Low Value: 174,154

    Market Valuation

  • Market Total Value: $561,650
  • Market Land Value: $225,610
  • Market Improvement Value: $336,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $561,650
  • Assessed Land Value: $225,610
  • Assessed Improvements Value: $336,040

    Sales

  • Current Sale Contract Date: Jul 20, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2020-00003945
  • Previous Sale Recording Date: Jun 07, 2019
  • Previous Sale Contract Date: Jun 06, 2019
  • Previous Sale Amount: $360,000
  • 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 Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2278 ft²

Average Home Age

-

Currently For Sale

293 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: Maggie Burgess, Possum Kingdom Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14344604
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5581 Arrowhead Road built and last sold?
The property at 5581 Arrowhead Road was built in 2009 and last sold on Jul 20, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 5581 Arrowhead Road is $505,226.
What are some comparable homes to 5581 Arrowhead Road?
There are currently no comparable homes to 5581 Arrowhead Road.
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