981 W Hwy 84
About This Property
Welcome to your perfect country retreat! Nestled on approximately 15 fully fenced acres between Mullin and Goldthwaite, just off Hwy 84 - 183, this beautiful 3-bedroom, 1-bath two-story home offers space, character, and room to roam.
According to MCAD, the home features 1,584 square feet of living space on the first floor and 504 square feet upstairs. The spacious kitchen provides ample cabinet and countertop space and flows seamlessly into both the dining and living areas - perfect for gatherings.
The dining room showcases charming wood beam accents and large windows on two sides, filling the space with natural light. The inviting living room continues the warm wood detailing and centers around a stunning stone fireplace - a true focal point of the home.
Just off the living area, you'll find a bonus sunroom with vaulted ceilings, wood accents, and windows on three sides. This light-filled space is ideal for relaxing while enjoying scenic views year-round.
The first floor includes two bedrooms. The smaller bedroom, had been used as an office, is conveniently located off the dining area. The second bedroom is more spacious and offers ample closet space. Upstairs, the versatile second-story space is currently used as a third bedroom but offers endless possibilities - guest quarters, game room, hobby space, or office area.
Land:
15± acres with Ag Exemption, fully fenced, one water well, good tree mix of oaks, elm, cedar and mesquite. Small wet weather creek enters property on NE corner and meanders through the property.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2026 | Price Decreased |
$225,000
↓ $74K
(24.8%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$299,000
↓ $26K
(7.9%) | |
| Price Decreased | |||
| Feb 18, 2026 | Listed by Janette Padgett Real Estate | $324,500 | |
| Listed by Janette Padgett Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017