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Washington 77835
8240 Pheasant Lane
$80,000 Last Listed Price
● Land - Off Market

8240 Pheasant Lane

Burton, TX 77835
bedrooms
Studio
bathrooms
0 Bath
$464
Est. Monthly

About This Property

Just over half acre lot in Deepwater Subdivision closed to Lake Somerville.  Lots 48, 49 & 50.  Nice large trees.  Old home has no value and property is being sold AS-IS.
Unit Size
-
Days on Market
-
Land Size
0.60 acres
Price per sqft
-
Property Type
Land
Property Taxes
$70
HOA Dues
-
Year Built
-

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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: 5 months ago (HAR #10719820)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Jun 7, 2023 Listed by Market Realty Inc. $80,000
Listed by Market Realty Inc.
Just over half acre lot in Deepwater Subdivision closed to Lake Somerville. Lots 48, 49 & 50. Nice large trees. Old home has no value and property is being sold AS-IS.

Property Highlights

Building Info

Overview

    General

  • Effective Year Built: 1989
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • 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: 25,975
  • Lot Size Frontage Feet: 0
  • Total Building Area: 708
  • Gross Building Area: 1,462
  • Building Area: 708
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 708
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEEPWATER SEC II
  • Land Acres: 0000000596
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: DEEPWATER SEC II, LOT 48, 49, 50

Neighborhood

  • School District Name: Burton Independent School District
  • Census Tract: 170501

Geography

  • Account Number: 53396
  • Parcel: 7572-000-04800
  • Lot: 48-50
  • Municipality: BURTON
  • Latitude: 30.2814
  • Longitude: -96.6008

    Address

  • Full Address: 8240 Pheasant Ln
  • Address - House Number: 8240
  • Address - Street Name: Pheasant
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Burton
  • Zip Code: 77835

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $77,966
  • Tax Rate Code Area: JC1 RD1 S0

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 86,507
  • High Value: 102,921
  • Low Value: 70,093

    Market Valuation

  • Market Total Value: $57,400
  • Market Land Value: $27,600
  • Market Improvement Value: $29,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,400
  • Assessed Land Value: $27,600
  • Assessed Improvements Value: $29,800

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7458
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 Washington

Stats & Trends

Median Asking:

$318,000

Sale Price/ft²

$182

Above Asking

0.00%

Average Days on Market

74

Average Home Size

2153 ft²

Average Home Age

37.7 years

Currently For Sale

161 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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HAR

Listed by: Diane Horstman, Market Realty Inc.
Last Updated: 5 months ago
Data Source: HAR , MLS# 10719820
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Frequently Asked Questions

When was property at 8240 Pheasant Lane built and last sold?
The property at 8240 Pheasant Lane was built in and last sold on Dec 20, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 8240 Pheasant Lane is $80,800.
What are some comparable homes to 8240 Pheasant Lane?
There are currently no comparable homes to 8240 Pheasant Lane.
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