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Van Zandt 75169
879 Vz County Road 3822
$250,000
● House - Off Market

879 Vz County Road 3822

Wills Point, TX 75169
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,246 Ft²
$1,493
Est. Monthly
7.82%
Cap Rate

About This Property

Welcome to your serene retreat near Lake Tawakoni in Van Zandt County! This charming 1,246+- square foot home sits on a spacious 5-acre lot, offering endless possibilities for outdoor enjoyment and expansion. The residence features three cozy bedrooms and one and a half baths, perfect for a family or as a weekend getaway. While the home does need some TLC, it presents a fantastic opportunity to customize and create your dream home in a tranquil, rural setting. Enjoy the peace and privacy of country living, with the added bonus of being close to the beautiful Lake Tawakoni. Don't miss out on this hidden gem!
Unit Size
1,246 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$201
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1973

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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 #20664727)

Price History

Date / Event Date Event Price
Aug 2, 2024 Sold
Premium
Sold
Jul 8, 2024 In contract -
In contract
Jul 3, 2024 Listed by RE/MAX Landmark Rose $250,000
Listed by RE/MAX Landmark Rose

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,246
  • Building Area: 1,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,246
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005000
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ACRES: 5.000 ABST: 931 SUR: R W WALKER

Neighborhood

  • School District Name: Wills Point Independent School District
  • School Tax School District: WILLS POINT ISD
  • Census Tract: 950400

Geography

  • Assessors Map Reference: MAP: 1B
  • Account Number: R000041020
  • Parcel: 086.0931.0053.0000.0000
  • Municipality: WILLS POINT
  • Latitude: 32.8335
  • Longitude: -96.03

    Address

  • Full Address: 879 Vz County Road 3822
  • Address - House Number: 879
  • Address - Street Name: Vz County Road 3822
  • State: TX
  • City Name: Wills Point
  • Carrier Code: R002
  • 4-Digit Zip Code: 5610
  • Zip Code: 75169

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,834

    Appraisal Valuation

  • Standard Deviation: 0.2718
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 305,067
  • High Value: 388,000
  • Low Value: 222,134

    Market Valuation

  • Market Total Value: $246,380
  • Market Land Value: $123,330
  • Market Improvement Value: $123,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,380
  • Assessed Land Value: $123,330
  • Assessed Improvements Value: $123,050

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 1979
  • Current Sale Recording Date: Jun 29, 1979
  • Current 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 Van Zandt

Stats & Trends

Median Asking:

$336,490

Sale Price/ft²

$181

Below Asking

0.02%

Average Days on Market

83

Average Home Size

2157 ft²

Average Home Age

32.6 years

Currently For Sale

306 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 10188 Gaillard Lake, Wills Point, TX, 75169

$1,995 /mo

  • 5 Beds
  • 2 Baths
  • 2,212 ft²
10188 Gaillard Lake, Wills Point, TX, 75169 Listing by Tinto Skaria

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Cody Brantley, RE/MAX Landmark Rose
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20664727
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 879 Vz County Rd 3822 built and last sold?
The property at 879 Vz County Rd 3822 was built in 1973 and last sold on Jun 29, 1979 for $0.
How much is this home worth?
The estimated value of the home located at 879 Vz County Rd 3822 is $0.
What are some comparable homes to 879 Vz County Rd 3822?
There are currently no comparable homes to 879 Vz County Rd 3822.
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