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Hood 76462
7302 Star Hollow Road
$275,000
● Mobile Manufactured - Off Market

7302 Star Hollow Road

Lipan, TX 76462
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
938 Ft²
$298,840
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

17+ Acres perfectly located between Lipan and Tolar.  Country Living with no restrictions that is easily accessible to Lipan, Tolar, Granbury, Weatherford, Stephenville or Mineral Wells.  Property has its own Water Well, two conventional Septic Systems and plenty of Electric Power on both front and back of property.  Property currently has two mobile homes that are occupied by the owners and tenants but offers several great Building Sites with beautiful Elevation Changes!  Bring your Horses or Livestock, use as a Recreational Property or possibly for Development Potential.
Unit Size
938 Ft²
Days on Market
-
Land Size
17.35 acres
Price per sqft
$309
Property Type
Mobile Manufactured
Property Taxes
$306
HOA Dues
-
Year Built
1972

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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 #20196894)

Price History

Date / Event Date Event Price
Mar 27, 2023 Sold
Premium
Sold
Nov 25, 2022 Listed by CLARK REAL ESTATE GROUP $290,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 938
  • Building Area: 938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 938
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLD WD RANCH
  • Land Acres: 0000002000
  • Standard Land Use Code: 1006
  • County Land Use Code: E2
  • Mobile Home Indicator: T
  • Legal Description 1: ACRES: 2.000 SUBD: OLD WD RANCH PH I SEC A TRACT: PT 3 & CERT#64537856

Neighborhood

  • School District Name: Lipan Independent School District
  • Census Tract: 160302

Geography

  • Section: A
  • Subdivision Phase Number: I
  • Subdivision Tract Number: 3
  • Parcel: 13465.000.0003.0
  • Municipality: LIPAN
  • Latitude: 32.4691
  • Longitude: -98.036

    Address

  • Full Address: 7302 Star Hollow Rd
  • Address - House Number: 7302
  • Address - Street Name: Star Hollow
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Lipan
  • Carrier Code: R002
  • 4-Digit Zip Code: 8024
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,911
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2037
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 72
  • Final Value: 279,835
  • High Value: 336,852
  • Low Value: 222,818

    Market Valuation

  • Market Total Value: $48,070
  • Market Land Value: $37,000
  • Market Improvement Value: $11,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,070
  • Assessed Land Value: $37,000
  • Assessed Improvements Value: $11,070

    Sales

  • Current Sale Contract Date: Aug 10, 2017
  • Current Sale Recording Date: Aug 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2017-0011234
  • Previous Sale Recording Date: Jun 20, 2017
  • Previous Sale Contract Date: Jun 20, 2017
  • Previous Sale Document Type: 27
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 Hood

Stats & Trends

Median Asking:

$359,444

Sale Price/ft²

$192

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2117 ft²

Average Home Age

19.8 years

Currently For Sale

658 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: Brad Harrison, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20196894
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 7302 Star Hollow Road built and last sold?
The property at 7302 Star Hollow Road was built in 1972 and last sold on Aug 10, 2017 for $175,000.
How much is this home worth?
The estimated value of the home located at 7302 Star Hollow Road is $287,322.
What are some comparable homes to 7302 Star Hollow Road?
There are currently no comparable homes to 7302 Star Hollow Road.
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