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Erath 76649
635 County Road 216
$324,000
● House - Off Market

635 County Road 216

Iredell, TX 76649
bedrooms
Studio
bathrooms
0 Bath
$482,726
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Breathtaking views on this 54 acres with 40 x 80 metal hay barn with a 30 x 50 concrete block which was an old dairy. There is a large pond, beautiful views, rolling hills, scattered trees throughout the property, heavy trees down towards the creek. Old home place was torn down, silo on the property. The fences or in fair condition but will need some replaced around the barn area. There are two old water well on the property, only one could possibly be reworked. Owner has no knowledge of the working condition. This farm is ready for you to build your dream home. Electricity on the property. Plenty of road frontage. Close to Glen Rose and Hico.
Unit Size
-
Days on Market
-
Land Size
54.68 acres
Price per sqft
-
Property Type
House
Property Taxes
$35
HOA Dues
-
Year Built
2021

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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 #14232775)

Price History

Date / Event Date Event Price
Apr 30, 2020 Sold
Premium
Sold
Nov 20, 2019 Listed by Keller Williams Advantage $339,495
Listed by Keller Williams Advantage

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,381,991
  • Total Building Area: 2,000
  • Gross Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000054683
  • Standard Land Use Code: 1008
  • County Land Use Code: E
  • Legal Description 1: A0800 VANDERPOOL JAMES; HOUSE & SHEDS

Neighborhood

  • School Tax School District: IREDELL ISD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: MIDDLE TRINITY
  • Census Tract: 950700

Geography

  • Account Number: R.0800.00033.00.0
  • Parcel: R000076594
  • Municipality: IREDELL
  • Latitude: 32.046
  • Longitude: -97.9718

    Address

  • Full Address: 635 County Road 216
  • Address - House Number: 635
  • Address - Street Name: County Road 216
  • State: TX
  • City Name: Iredell
  • Carrier Code: R001
  • 4-Digit Zip Code: 4692
  • Zip Code: 76649

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391,205
  • Tax Rate Code Area: 72 MTD RER

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 70
  • Final Value: 970,247
  • High Value: 1,180,396
  • Low Value: 760,098

    Market Valuation

  • Market Total Value: $483,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,620

    Exemptions

  • Senior Citizen Exemption : Yes
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 Erath

Stats & Trends

Median Asking:

$364,000

Sale Price/ft²

$208

Below Asking

0.02%

Average Days on Market

70

Average Home Size

1976 ft²

Average Home Age

9.4 years

Currently For Sale

256 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: Kirk Regian, Keller Williams Advantage
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14232775
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 635 County Road 216 built and last sold?
The property at 635 County Road 216 was built in 2021 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 635 County Road 216 is $0.
What are some comparable homes to 635 County Road 216?
There are currently no comparable homes to 635 County Road 216.
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