$720,000 Last Listed Price
●
House -
Off Market
611 Cove Circle
Granite Shoals, TX 78654
3 Beds
2 Baths
1,560 Ft²
$954,358
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
"Charming Cottage on the Cove" - A 2-years-new waterfront cottage
on Lake LBJ. Fully furnished! Attractive tile throughout with a
Stone Fireplace, Granite Countertops and Covered Porch along the
back of the house. This home sits on a beautiful lakefront lot with
a slip, boathouse and pier, along with a Second Lot located across
the street. A perfect place for a garage with an overhead apartment
or guest quarters. Maintain the best yard on the block with an
in-ground sprinkler system that is supplied with water from the
lake. (House is on city water.) Home is zoned for Marble Falls ISD.
Schools include Marble Falls Elm, Jr. High and High School. Many
dining and shopping areas within 10 and 15 minutes
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$462
Property Type
House
Property Taxes
$947
HOA Dues
-
Year Built
2005
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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 (HAR #86518656)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2020 | Sold | ||
| Sold | |||
| Sep 1, 2020 | Listed by Culhane Premier Properties | $720,000 | |
| Listed by Culhane Premier Properties | |||
| | |||
|
"Charming Cottage on the Cove" — A 2-years-new waterfront cottage on Lake LBJ. Fully furnished! Attractive tile throughout with a Stone Fireplace, Granite Countertops and Covered Porch along the back of the house. This home sits on a beautiful lakefront lot with a slip, boathouse and pier, along with a Second Lot located across the street. A perfect place for a garage with an overhead apartment or guest quarters. Maintain the best yard on the block with an in-ground sprinkler system that is supplied with water from the lake. (House is on city water.) Home is zoned for Marble Falls ISD. Schools include Marble Falls Elm, Jr. High and High School. Many dining and shopping areas within 10 and 15 minutes
| |||
| Mar 12, 2012 | Sold | ||
| Sold | |||
| Apr 5, 2011 | Listed by RE/MAX of Marble Falls | $165,000 | |
| Listed by RE/MAX of Marble Falls | |||
| | |||
|
Super Cove waterfront lot with boat dock already in place. Level lot, utilities available, septic required. Just off Open Water. Great neighborhood!
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Closing Price
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HOA + Taxes
About Granite Shoals
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Shawn Culhane, Culhane Premier Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 86518656
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Last Updated: 5 months ago
Data Source: HAR , MLS# 86518656
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