$521,000
●
House -
Off Market
5699 PR 2231
Gilmer, TX 75645
3 Beds
2 Baths
1,920 Ft²
$590,597
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Are you ready to get away to quiet and serene country living on 50
beautiful acres of pasture and rolling hay meadows sprinkled with
mature hardwoods and a pond? This beautiful property boasts a
beautiful, traditional 3 bedroom, 2 bath brick home with lovely
outdoor patio area for dining and relaxing. Get ready to dip your
toes in the cool blue waters of the in-ground pool, complete with
diving board and slide. You will be ready to entertain
friends and family or just relax and take in the sunsets.
This property has bonus opportunities for additional revenue
with a 3 bd, 2 ba Mobile Home as well as the original family home
built in 1950. The opportunities are endless!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
50.00 acres
Price per sqft
$266
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-
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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: 5 months ago (NTREIS #14564433)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2021 | No longer available | - | |
| No longer available | |||
| Jul 15, 2021 | Sold | ||
| Sold | |||
| Jun 4, 2021 | In contract | - | |
| In contract | |||
| Apr 30, 2021 | Listed by Nolan Properties, LLC | $511,000 | |
| Listed by Nolan Properties, LLC | |||
| | |||
|
Are you ready to get away to quiet and serene country living on 50 beautiful acres of pasture and rolling hay meadows sprinkled with mature hardwoods and a pond? This beautiful property boasts a beautiful, traditional 3 bedroom, 2 bath brick home with lovely outdoor patio area for dining and relaxing. Get ready to dip your toes in the cool blue waters of the in-ground pool, complete with diving board and slide. You will be ready to entertain friends and family or just relax and take in the sunsets. This property has bonus opportunities for additional revenue with a 3 bd, 2 ba Mobile Home as well as the original family home built in 1950. The opportunities are endless! The manager has listed the unit size as 1920 square feet.
| |||
| Apr 5, 2021 | Listed by Nolan Properties, LLC | $511,000 | |
| Listed by Nolan Properties, LLC | |||
| | |||
|
Are you ready to get away to quiet and serene country living on 50 beautiful acres of pasture and rolling hay meadows sprinkled with mature hardwoods and a pond? This beautiful property boasts a beautiful, traditional 3 bedroom, 2 bath brick home with lovely outdoor patio area for dining and relaxing. Get ready to dip your toes in the cool blue waters of the in-ground pool, complete with diving board and slide. You will be ready to entertain friends and family or just relax and take in the sunsets. This property has bonus opportunities for additional revenue with a 3 bd, 2 ba Mobile Home as well as the original family home built in 1950. The opportunities are endless!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Upshur
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Listed by: Scott Nolan, Nolan Properties, LLC
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14564433
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14564433
Details provided by NTREIS and may not match the public record
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