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Red River 75436
000 CR 1242
$120,875
● Land - Off Market

000 CR 1242

Detroit, TX 75436
bedrooms
Studio
bathrooms
0 Bath
$122,532
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Looking for wooded country acreage setting to build your country home? Check out this wooded 17.45 acres just 20 minutes from Paris, Clarksville, Idabel OK, and around 40 minutes from Mt. Pleasant. Located less half mile off FM 410 S on all weather gravel county road with electricity, county water and telephone utilities along county road frontage. Located in Detroit ISD. Great for recreational use now or clear out spot and build your country home. Take a look!!
Unit Size
-
Days on Market
-
Land Size
17.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
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: 4 months ago (NTREIS #14634331)

Price History

Date / Event Date Event Price
Apr 25, 2022 Sold
Premium
Sold
Jul 26, 2021 Listed by United Country Altaterra Realt $120,875
Listed by United Country Altaterra Realt
Looking for wooded country acreage setting to build your country home? Check out this wooded 17.45 acres just 20 minutes from Paris, Clarksville, Idabel OK, and around 40 minutes from Mt. Pleasant. Located less half mile off FM 410 S on all weather gravel county road with electricity, county water and telephone utilities along county road frontage. Located in Detroit ISD. Great for recreational use now or clear out spot and build your country home. Take a look!!

Property Highlights

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: 8,936,900
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,759
  • Building Area: 2,759
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,759
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000205163
  • Standard Land Use Code: 1008
  • County Land Use Code: D1
  • Legal Description 1: ABSTRACT 629 MEP & P RR MAP B-13 TC-18 205.163 ACRES

Neighborhood

  • School District Name: Detroit Independent School District
  • Census Tract: 950700

Geography

  • Account Number: 7592
  • Parcel: 0-10629-00000-0130-00
  • Municipality: DETROIT
  • Latitude: 33.5986
  • Longitude: -95.2659

    Address

  • Full Address: 691 County Road 1242
  • Address - House Number: 691
  • Address - Street Name: County Road 1242
  • State: TX
  • City Name: Detroit
  • Carrier Code: R001
  • 4-Digit Zip Code: 5138
  • Zip Code: 75436

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,547,142
  • Tax Rate Code Area: CRXX SD X1

    Appraisal Valuation

  • Standard Deviation: 0.4854
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 2
  • Final Value: 1,146,163
  • High Value: 1,702,563
  • Low Value: 589,762

    Market Valuation

  • Market Total Value: $1,587,921
  • Market Land Value: $737,487
  • Market Improvement Value: $850,434

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $884,005

    Exemptions

  • Homeowner 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 Red River

Stats & Trends

Median Asking:

$173,700

Sale Price/ft²

$109

Below Asking

0.04%

Average Days on Market

86

Average Home Size

1953 ft²

Average Home Age

-

Currently For Sale

38 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: J.W. Ross, United Country Altaterra Realt
Last Updated: 4 months ago
Data Source: NTREIS MLS, MLS# 14634331
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 691 County Rd 1242 built and last sold?
The property at 691 County Rd 1242 was built in 2009 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 691 County Rd 1242 is $122,084.
What are some comparable homes to 691 County Rd 1242?
There are currently no comparable homes to 691 County Rd 1242.
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