NOT LISTED FOR SALE

108 Hells Gate Point Strawn, TX 76475

Estimated Value: $1,212,197 - $1,470,000

1.13 Acres
$1,203,368 Price per Acre
49,136 Sq Ft Lot

Last Sold January 26, 2022

Current estimated payment $9,349/month

150 Days on Market

Highlights

  • Airstrip
  • Lake Front
  • Many Trees
  • Palo Pinto Elementary School Rated A+
  • Wrought Iron Fence

About This Lot

As of January 2022

LOCATION LOCATION LOCATION. The best real estate advice any licensed professional can give you is to always buy the better location. PK's most unique piece of property. Some people know more about Hell's Gate than they do about Possum Kingdom Lake. You have the opportunity to be known as the guy on Hell's Gate. You will be infamous from the start. Everyone will be looking at what you built. You're the guy that everyone envy's. Spoil your family. Give them the best that PK has to offer. The Lot has 505' of shoreline and is over one acre in size. AND the property faces east. You will enjoy the hot summer sun in the shade in the late afternoon. Trust me, you'll love it. You deserve this property.

Last Agent to Sell the Property

Michael Powell

Mike Powell Real Estate License #0421507 Listed on: 07/19/2021

Last Buyer's Agent

Keith Hanssen

Possum Kingdom Real Estate License #0445901

Property Details

Property Type

  • Land

Lot Details

  • 1.13 Acre Lot
  • Lake Front
  • Wrought Iron Fence
  • Sloped Lot
  • Many Trees

HOA Fees

  • $64 Monthly HOA Fees

Schools

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

Utilities

  • Co-Op Electric
  • Overhead Utilities
  • Municipal Utilities District for Water and Sewer

Additional Features

  • Lake Views
  • Outside City Limits

Listing and Financial Details

  • Legal Lot and Block 23 / 1
  • Assessor Parcel Number 25983
  • $7,191 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities
  • Swra HOA, Phone Number (940) 779-3056
  • Located in the Sportsman's World master-planned community
  • Sportsmans World 01 Subdivision
  • Mandatory home owners association

Recreation

  • Airstrip

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$64 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Planned Development: Sportsman's World
  • Restrictions: Architectural, Building, Deed, No Mobile Home
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: Yes
  • Water Body Name: Possum Kingdom
  • Will Subdivide: No
  • Agricultural Exemption YN: No
  • Lake Pump Y N: No
  • Special Features: None

Exterior Features

  • Easements: Utilities
  • Fencing: Wrought Iron
  • Soil Type: Rocky/Shale
  • Platted Waterfront Boundary: 505
  • Waterfront: Yes
  • RoadSurfaceType: Asphalt

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: Co-op Electric, MUD Sewer, MUD Water, Outside City Limits, Overhead Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities
  • Association Fee: 770
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: swra
  • HOA Management Company: 940-779-3056

Association/Amenities

  • DevelopmentStatus: Plat Approved

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1 to < 3 Acres
  • Lot Features: Airstrip, Few Trees, Many Trees, Sloped, Subdivision, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 1.1280
  • Parcel Number: 25983
  • Lot Size Acres: 1.1280
  • Lot Size Sq Ft: 49135.6800
  • Zoning Description: Residential
  • Possible Use: Resort, Single Family

Tax Info

  • Unexempt Taxes: 7191
  • TaxBlock: 1
  • Tax Lot: 23

Multi Family

  • WaterfrontFeatures: Lake Front

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

Listed on
Jul 19, 2021
Closed on
Jan 27, 2022
Sold by
Burchfield Michael R
Bought by
Hallman Larry and Hallman Karen
Seller's Agent
Michael Powell
Mike Powell Real Estate
Buyer's Agent
Keith Hanssen
Possum Kingdom Real Estate
List Price
$1,200,000
Current Estimated Value
$1,357,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Feb 7, 2011
Sold by
Amended And Restated Lisa Wyly Revocable
Bought by
Burchfield Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hallman Larry -- New Title Company Name
Burchfield Karen M -- None Available
Burchfield Karen M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burchfield Karen M $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2022 01/26/22 Sold -- -- --
12/16/2021 12/16/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $1,200,000 -- --
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
2025 $26,077 $1,714,490 $922,080 $792,410
2024 $18,739 $1,232,080 $922,080 $310,000
2023 $14,521 $923,080 $922,080 $1,000
2022 $16,582 $954,960 $954,960 $0
2021 $6,037 $288,870 $288,870 $0
2020 $7,953 $344,110 $344,110 $0
2019 $6,038 $261,050 $261,050 $0
2018 $5,447 $240,690 $240,690 $0
2017 $5,558 $245,610 $245,610 $0
2016 $5,558 $245,610 $245,610 $0
2015 $7,343 $329,110 $329,110 $0
2014 $7,343 $329,110 $329,110 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14628623

North Texas Real Estate Information Systems (NTREIS)

APN: 214960000