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West Tawakoni 75474
816 Shoreline Drive
$528,700
● House - Off Market

816 Shoreline Drive

West Tawakoni, TX 75474
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,336 Ft²
$2,969
Est. Monthly
3.90%
Cap Rate

About This Property

Rare find on Lake Tawakoni! Now is your chance to have everything you want in a lake house! Immaculate waterfront move in ready. Two bedroom two bath home with amazing wide open views of the lake. Updated throughout. Wrap around porch, two car carport, storage, workshop with upstairs game room. Includes two lake front lots & RV parking . Lake fed sprinkler system, concrete retainig wall, amazing boat dock with boat lift and jet ski lift. Home was completely remodeled  in 2018. Soft close custom cabinets, granite counters, updated  appliances, updated both bathrooms, sprayed in radiant barrier, added insulation, SunSetter motorized shades  in livingroom & more! All information is approximate, buyers and buyers agent to verify.
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$396
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1989

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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 #20607000)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
May 7, 2024 In contract -
In contract
Apr 28, 2024 Listed by Exit Realty Pinnacle Group $528,700
Listed by Exit Realty Pinnacle Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 3
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 10,800
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,336
  • Gross Building Area: 1,336
  • Building Area: 1,336
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,336
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN OAKS ADDITION
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: A3
  • State Land Use Code: A3
  • Legal Description 1: S3625 INDIAN OAKS ADDITION BLK 1 LOT 29-30 ACRES .2479

Neighborhood

  • School District Name: Quinlan Independent School District
  • Census Tract: 961600

Geography

  • Assessors Map Reference: 295-X
  • Parcel: 47905
  • Block: 1
  • Lot: 29-30
  • Municipality: CITY OF WEST TAWAKONI
  • Latitude: 32.9076
  • Longitude: -96.0261

    Address

  • Full Address: 816 Shoreline Dr
  • Address - House Number: 816
  • Address - Street Name: Shoreline
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Quinlan
  • Carrier Code: R001
  • 4-Digit Zip Code: 6841
  • Zip Code: 75474

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $447,125
  • Tax Rate Code Area: SQL

    Appraisal Valuation

  • Standard Deviation: 0.2343
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 319,837
  • High Value: 394,803
  • Low Value: 244,871

    Market Valuation

  • Market Total Value: $268,780
  • Market Land Value: $113,030
  • Market Improvement Value: $155,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,726

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 25, 2013
  • Current Sale Recording Date: Jul 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013-07694
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 West Tawakoni

Stats & Trends

Median Asking:

$239,000

Sale Price/ft²

$158

Below Asking

0.05%

Average Days on Market

86

Average Home Size

1491 ft²

Average Home Age

20.9 years

Currently For Sale

15 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

Unit for rent at 1340 E State Highway 276, West Tawakoni, TX, 75474

$1,350 /mo

  • 2 Beds
  • 2 Baths
  • 1,360 ft²
1340 E State Highway 276, West Tawakoni, TX, 75474 Listing by Tonya Sanders
Unit for rent at 1901 E State Highway 276, West Tawakoni, TX, 75474

$1,395 /mo

  • 1 Bed
  • 1 Bath
  • 351 ft²
1901 E State Highway 276 #5, West Tawakoni, TX, 75474 Listing by Austin Sparks

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kathy Hobbs, Exit Realty Pinnacle Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20607000
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 816 Shoreline Drive built and last sold?
The property at 816 Shoreline Drive was built in 1989 and last sold on Jun 25, 2013 for $180,000.
How much is this home worth?
The estimated value of the home located at 816 Shoreline Drive is $0.
What are some comparable homes to 816 Shoreline Drive?
There are currently no comparable homes to 816 Shoreline Drive.
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