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Palo Pinto 76453
940 Western Drive
$25,000
● Land - Off Market

940 Western Drive

Gordon, TX 76453
bedrooms
Studio
bathrooms
0 Bath
$197
Est. Monthly

About This Property

Looking for a peaceful, off the grid site to build your home? This lot on over half an acre might be just what you are looking for! Native trees and grass, with plenty of area to build! Deed restrictions indicate manufactured homes could be an option with permission. Lake Palo Pinto is right across the road. Western Dr. side of property is partially located in a flood zone, but back side of property on Aztec Dr. is not. NO HOA!! Drive out and take a look! Plat, Restrictions and Dedication available upon request.
Unit Size
-
Days on Market
-
Land Size
0.72 acres
Price per sqft
-
Property Type
Land
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: 2 years ago (NTREIS #20780413)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
May 28, 2025 In contract -
In contract
Nov 18, 2024 Listed by Cornerstone Home and Ranch $39,999
Listed by Cornerstone Home and Ranch

Property Highlights

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: 31,363
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LAKE PALO PINTO EST
  • Land Acres: 0000000720
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: LAKE PALO PINTO EST BLK 2 LT 9 G#L0110-00-00020-009-00-0

Neighborhood

  • School District Name: Santo Independent School District
  • School Tax School District: SNI HPD ESD1
  • Census Tract: 000300

Geography

  • Account Number: R000018684
  • Parcel: 147410000
  • Block: 2
  • Lot: 9
  • Municipality: GORDON
  • Latitude: 32.6232
  • Longitude: -98.3114

    Address

  • Full Address: 940 Western Dr
  • Address - House Number: 940
  • Address - Street Name: Western
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Gordon
  • Carrier Code: R031
  • 4-Digit Zip Code: 3843
  • Zip Code: 76453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $46,784
  • Tax Rate Code Area: CAD 182 SN

    Market Valuation

  • Market Total Value: $32,950
  • Market Land Value: $32,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,950
  • Assessed Land Value: $32,950
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 Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2259 ft²

Average Home Age

-

Currently For Sale

287 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 520 Deer Trail, Gordon, TX, 76453

$5,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,725 ft²
520 Deer Trail, Gordon, TX, 76453 Listing by Jerry Moody

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Christy Dorr, Cornerstone Home and Ranch
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20780413
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 940 Western Drive built and last sold?
The property at 940 Western Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 940 Western Drive is $40,399.
What are some comparable homes to 940 Western Drive?
There are currently no comparable homes to 940 Western Drive.
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