NOT LISTED FOR SALE

1003 Possum Point Graford, TX 76449

Estimated Value: $1,660,000 - $2,127,000

4 Beds
2.5 Baths
2,525 Sq Ft
$754/Sq Ft Est. Value

Last Sold October 15, 2018

Current estimated payment $12,368/month

24 Days on Market

Highlights

  • Marina
  • Lake Front
  • Gated Community
  • Palo Pinto Elementary School Rated A+
  • Boat Ramp
  • Ranch Style House

About This Home

As of October 2018

Great opportunity to own in a very sought out location. Gaines Bend offers nice, graduated walk to some of the most amazing open water views available on Possum Kingdom Lake. Gorgeous main water views from your dock. This home offers the best of lake Home entertaining. Easily accommodate a large crowd of family and friends. Gorgeous sunset, sunrise views from your lakeside outdoor entertainment area. Bunkroom, game room for those extra guests and families enjoyment year round. Lots of parking and storage areas for your boat and lake toys.

Last Agent to Sell the Property

Deirdra Jordan

Possum Kingdom Real Estate License #0630823 Listed on: 08/20/2018

Last Buyer's Agent

Robert Clayton

Clayton & Clayton Real Estate License #0535356

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,043

Year Built

  • Built in 1970

Lot Details

  • 0.4 Acre Lot
  • Lake Front
  • Stone Wall
  • Chain Link Fence
  • Sprinkler System
  • Few Trees

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Ranch Style House
  • Lake House
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,525 Sq Ft Home
  • Wood Burning Fireplace
  • Window Treatments
  • Lake Views

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Personal Watercraft Lift
  • Boat Ramp
  • Lake Pump
  • Covered Patio or Porch
  • Outdoor Living Area

Schools

  • Palo Pinto Elementary And Middle School
  • Mineral Wells High School

Utilities

  • Central Heating and Cooling System
  • Overhead Utilities
  • Co-Op Water
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Property is used as a vacation rental
  • Legal Lot and Block 76 / 1
  • Assessor Parcel Number 16389
  • $12,007 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities, maintenance structure, management fees
  • Gaines Bend Property Owners Assoc. HOA, Phone Number (940) 779-2461
  • Gaines Bend Subdivision
  • Mandatory home owners association
  • Greenbelt

Recreation

  • Marina

Additional Features

  • Community Mailbox
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,043

Year Built

Built in 1970

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Structural Style: Lake House, Vacation Home
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Water Body Name: Possum Kingdom
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Lake Pump Y N: Yes
  • Ratio Current Price By Building: 336.63366
  • Special Features: None
  • Year Built: 1970

Interior Features

  • Square Footage: 2525.00
  • Windows: Window Coverings
  • Fireplace Features: Wood Burning
  • Interior Amenities: High Speed Internet Available
  • Flooring: Ceramic Tile, Wood
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Boat Ramp, Gated, Greenbelt, Marina
  • Fencing: Chain Link, Rock/Stone
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch, Outdoor Living Center
  • Waterfront: Yes
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Garage Spaces: 2
  • Carport Spaces: 2
  • Total Covered Spaces: 4
  • Parking Features: Covered
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, Co-op Water, Community Mailbox, Overhead Utilities, Septic

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities, Maintenance Structure, Management Fees
  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Gaines Bend Property Owners Assoc.
  • HOA Management Company: 940-779-2461

Schools

  • School District: Palo Pinto ISD
  • Elementary School: Palo Pinto
  • Middle School: Palo Pinto
  • High School: Mineral Wells
  • School District: Palo Pinto ISD
  • Elementary School: Palo Pinto
  • High School: Mineral Wells

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Sprinkler System, Subdivision, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 0.3950
  • Parcel Number: 16389
  • Lot Size Acres: 0.3950
  • Lot Size Sq Ft: 17206.2000

Building Info

  • Year Built: 1970

Tax Info

  • Unexempt Taxes: 12007
  • TaxBlock: 1
  • Tax Lot: 76

Multi Family

  • WaterfrontFeatures: Lake Front, Lake Front – Main Body, Personal Watercraft Lift

MLS Schools

  • MiddleOrJuniorSchool: Palo Pinto
  • Middle School Name: Palo Pinto
  • Elementary School Name: Palo Pinto
  • High School Name: Mineral Wells

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2024
Sold by
Tierra Capitan Llc
Bought by
Re Realco Llc
Current Estimated Value
$1,904,487

Purchase Details

Listed on
Aug 20, 2018
Closed on
Oct 15, 2018
Sold by
Jame James Brian and Jame James
Bought by
Tierra Capitan Llc
Seller's Agent
Deirdra Jordan
Possum Kingdom Real Estate
Buyer's Agent
Robert Clayton
Clayton & Clayton Real Estate
List Price
$875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Original Mortgage
$650,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2014
Sold by
Baker Charles Ronald and Baker Bonnie
Bought by
James Brian and James Jaime
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Re Realco Llc -- None Listed On Document
Tierra Capitan Llc -- Texas Title
James Brian -- Partker County Title Svcs In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tierra Capitan Llc $650,000
Previous Owner Baker Charles Ronald $167,900
Previous Owner Baker Charles Ronald $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold -- -- --
09/13/2018 09/13/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $875,000 -- $347 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $24,043 $1,814,390 $642,540 $1,171,850
2023 $22,037 $1,625,350 $389,420 $1,235,930
2022 $24,903 $1,684,560 $389,420 $1,295,140
2021 $16,245 $882,930 $360,210 $522,720
2020 $16,325 $864,370 $341,660 $522,710
2019 $15,683 $855,510 $442,640 $412,870
2018 $11,413 $647,320 $240,880 $406,440
2017 $11,548 $655,000 $292,500 $362,500
2016 $11,730 $665,290 $292,500 $372,790
2015 $8,278 $628,370 $300,000 $328,370
2014 $8,278 $478,210 $300,000 $178,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 13917544

North Texas Real Estate Information Systems (NTREIS)

APN: 16389