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East Tawakoni 75472
702 Old Mill Lane
$235,000
● House - Off Market

702 Old Mill Lane

East Tawakoni, TX 75472
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,281 Ft²
$239,094
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Very cute lake house across the street from Lake Tawakoni! Beautiful lake views from front porch and all the windows across the front of house! Home features 2 bedrooms and office or 3 bedrooms with 2 full  baths. Nice size living area with wood ceilings. Wood burning fireplace.  Two stall garage plus 2 stall carport. Fenced yard. And bonus, extra lot with storage building included in the sale! All information is approximate, buyer to verify!
Unit Size
1,281 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$183
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20270181)

Price History

Date / Event Date Event Price
Apr 20, 2023 Sold
Premium
Sold
Mar 11, 2023 Listed by Exit Realty Pinnacle Group $235,000
Listed by Exit Realty Pinnacle Group

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 572
  • Parking Space Count: 0
  • Patio Type: 39
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,692
  • Total Building Area: 1,853
  • Gross Building Area: 1,853
  • Building Area: 1,281
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,281
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHISPERING OAKS
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: A0229 TOLLETT MARGARET SURVEY; (LL) WHISPERING OAKS LOT 103

Neighborhood

  • School District Name: Rains Independent School District
  • Census Tract: 950200

Geography

  • Account Number: 29000000103041
  • Parcel: R9520
  • Lot: 103
  • Municipality: EAST TAWAKONI
  • Latitude: 32.8928
  • Longitude: -95.9585

    Address

  • Full Address: 702 Old Mill Ln
  • Address - House Number: 702
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Point
  • Carrier Code: R003
  • 4-Digit Zip Code: 7191
  • Zip Code: 75472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $470,085
  • Tax Rate Code Area: CET ERC GR

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 229,694
  • High Value: 272,175
  • Low Value: 187,214

    Market Valuation

  • Market Total Value: $135,613
  • Market Land Value: $5,717
  • Market Improvement Value: $129,896

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $135,613
  • Assessed Land Value: $5,717
  • Assessed Improvements Value: $129,896
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 East Tawakoni

Stats & Trends

Median Asking:

$224,200

Sale Price/ft²

$169

Below Asking

0.05%

Average Days on Market

78

Average Home Size

1570 ft²

Average Home Age

37.9 years

Currently For Sale

19 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: Kathy Hobbs, Exit Realty Pinnacle Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20270181
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 702 Old Mill Lane built and last sold?
The property at 702 Old Mill Lane was built in 1962 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 702 Old Mill Lane is $0.
What are some comparable homes to 702 Old Mill Lane?
There are currently no comparable homes to 702 Old Mill Lane.
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