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Brown 76801
9301 CR 588
$344,950
● House - Off Market

9301 CR 588

Brownwood, TX 76801
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,632 Ft²
$1,719
Est. Monthly

About This Property

Deep water!! Unbelievable view of lake Brownwood. Across from wild duck and next to state park. This .85-acre Lake Front lot with boat dock has big trees, newer aerobic septic system the house is 1632 sq ft with fireplace and covered back porch with awesome views on a quiet street. The house needs some repairs. Water dept is about 25ft at spillway.
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$214
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #20629849)

Price History

Date / Event Date Event Price
Jul 8, 2024 Sold
Premium
Sold
Jun 6, 2024 In contract -
In contract
May 29, 2024 Listed by Tootie Kelly Real Estate $349,950
Listed by Tootie Kelly Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • 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 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: 28,980,599
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,350
  • Gross Building Area: 7,958
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIS DEAVENPORT SURVEY 287 A-
  • Land Acres: 0000665303
  • Standard Land Use Code: 1008
  • County Land Use Code: E
  • Legal Description 1: WILLIS DEAVENPORT, SURVEY 287, ABSTRACT 249, SAMUEL DURR, ABSTRACT 255, JAMES J THOMPSON, ABSTRACT 891, ACRES 665.303

Neighborhood

  • School District Name: Brookesmith Independent School District
  • Census Tract: 951300

Geography

  • Account Number: A0249-0002-00
  • Parcel: 18238
  • Municipality: BROWNWOOD
  • Latitude: 31.6062
  • Longitude: -99.0019

    Address

  • Full Address: 9301 County Road 225
  • Address - House Number: 9301
  • Address - Street Name: County Road 225
  • State: TX
  • City Name: Brownwood
  • Carrier Code: R009
  • 4-Digit Zip Code: 0371
  • Zip Code: 76801

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $156,070
  • Tax Rate Code Area: GBC RRF SB

    Appraisal Valuation

  • Standard Deviation: 0.4557
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 8
  • Final Value: 2,217,991
  • High Value: 3,228,844
  • Low Value: 1,207,137

    Market Valuation

  • Market Total Value: $3,127,780
  • Market Land Value: $3,060,390
  • Market Improvement Value: $67,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $126,400

    Exemptions

  • Veteran Exemption: Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2104663
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 Brown

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$144

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1943 ft²

Average Home Age

-

Currently For Sale

218 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: Lloyd VanZandt, Tootie Kelly Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20629849
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 9301 County Rd 225 built and last sold?
The property at 9301 County Rd 225 was built in and last sold on Jul 9, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 9301 County Rd 225 is $0.
What are some comparable homes to 9301 County Rd 225?
There are currently no comparable homes to 9301 County Rd 225.
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