NOT LISTED FOR SALE

578 Private Road 5517 Alba, TX 75410

Estimated Value: $766,000 - $853,137

3 Beds
2.5 Baths
3,008 Sq Ft
$268/Sq Ft Est. Value

Last Sold May 29, 2024

Current estimated payment $5,118/month

159 Days on Market

Highlights

  • Lake Front
  • Fishing
  • Deck
  • Rains Elementary School Rated A-
  • Gated Community
  • Vaulted Ceiling

About This Home

As of May 2024

Beautiful Lake Fork waterfront home in the popular gated community of Penson Point priced to sell! This well-maintained home features Old Chicago brick and is surrounded by mature towering oaks plus wonderful landscaping particularly in the backyard down to the water’s edge. The property is fully irrigated from the lake. There’s even a metal fenced dog run next to the garage. You’ll enjoy just about any time of day lounging on the large wood deck overlooking the lake and gorgeous backyard. A cart path extends from the side of the house down to the shoreline to the 2-slip covered dock. Good water depth at the back of the slips approximately 8’-10’. There is low-profile equipment storage as well as a closet housing the irrigation pump and other items. To top it off…you’ll also own half of the lot next door for expansion when needed! (Full description in associated docs.)

Last Agent to Sell the Property

Paul Tibbets

Signature Properties, LLC Brokerage Phone: 903-383-3530 License #0538156 Listed on: 10/09/2023

Last Buyer's Agent

Aaron Wilson

Miller Homes Group PLLC License #0703495

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,337

Year Built

  • Built in 1992

Lot Details

  • 0.62 Acre Lot
  • Lake Front
  • Kennel
  • Many Trees

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Golf Cart Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,008 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Plantation Shutters
  • Lake Views
  • Home Security System
  • Full Size Washer or Dryer

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • Rains Elementary And Middle School
  • Rains High School

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Aerobic Septic System

Listing and Financial Details

  • Assessor Parcel Number 7752

Community Details

Overview

  • Penson Point HOA
  • Penson Point Subdivision

Recreation

  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,337

Year Built

Built in 1992

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Single Detached
  • Unit Levels: Two
  • Restrictions: Deed
  • Security: Security System, Other
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Water Body Name: Fork
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Attribution Contact: 903-383-3530
  • Special Features: None

Interior Features

  • Square Footage: 3008.00
  • Windows: Plantation Shutters
  • Fireplace Features: Wood Burning
  • Interior Amenities: Vaulted Ceiling(s), Other
  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Other
  • Basement YN: No
  • Fireplaces: 1
  • Number Of Dining Areas: 2
  • Number Of Living Areas: 2
  • Room Count: 7

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Community Features: Fishing, Gated
  • Fencing: Other
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Rain Gutters, Kennel, Other
  • Waterfront: Yes
  • Patio And Porch Features: Deck

Garage/Parking

  • Cooling System: Zoned, Other
  • Garage Spaces: 3
  • Total Covered Spaces: 3
  • Parking Features: Covered, Golf Cart Garage, Other
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • LaundryFeatures: Full Size W/D Area, Other
  • Utilities: Aerobic Septic, Underground Utilities, Other

Condo/Co-op/Association

  • Association Fee: 400
  • Association Fee Frequency: Annually
  • Association Type: None
  • Hoa Management Company: Penson Point HOA
  • HOA Management Company: 999-999-9999

Schools

  • School District: Rains ISD
  • Elementary School: Rains
  • High School: Rains
  • School District: Rains ISD
  • Elementary School: Rains
  • Intermediate School: Rains
  • Junior High School: Rains

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: .5 to < 1 Acre
  • Lot Features: Many Trees, Subdivision, Water/Lake View, Waterfront
  • Lot Size Units: Acres
  • Lot Size Area: 0.6200
  • Parcel Number: 7752
  • Lot Size Acres: 0.6200
  • Lot Size Sq Ft: 27007.2000
  • Assessor Parcel Number 2: 7753

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1992

Multi Family

  • WaterfrontFeatures: Lake Front

MLS Schools

  • Elementary School Name: Rains
  • High School Name: Rains

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
May 29, 2024
Sold by
Browning Kenneth and Browning Karen
Bought by
Romanin John Nathan Ramse and Romanin Yolanda Elizabeth
Seller's Agent
Paul Tibbets
Signature Properties, LLC
Buyer's Agent
Aaron Wilson
Miller Homes Group PLLC
List Price
$875,000
Views
63
Current Estimated Value
$805,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.44%
Source: Public Records

Range of Values:

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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
Romanin John Nathan Ramse -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold -- -- --
05/29/2024 05/29/24 Sold -- -- --
03/17/2024 03/17/24 Pending -- -- --
03/17/2024 03/17/24 Pending -- -- --
10/09/2023 10/09/23 For Sale $875,000 0.0% $291 / Sq Ft
10/06/2023 10/06/23 For Sale $875,000 -- $291 / 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
2023 $8,337 $568,969 $0 $0
2022 $8,850 $530,109 $43,928 $486,181
2021 $8,900 $472,097 $43,928 $428,169
2020 $8,405 $464,814 $39,344 $425,470
2019 $7,984 $423,011 $39,344 $383,667
2018 $7,260 $378,752 $39,344 $339,408
2017 $6,752 $378,420 $38,962 $339,458
2016 $6,159 $307,244 $38,198 $269,046
2015 -- $303,945 $38,198 $265,747
2014 -- $294,498 $44,842 $249,656
Source: Public Records

Agents Affiliated with this Home

  • Paul Tibbets

    Seller's Agent in 2024

    Paul Tibbets

    Signature Properties, LLC

    (903) 243-1926

    126 Total Sales

    Paul Tibbets
    Section Image
  • Aaron Wilson

    Buyer's Agent in 2024

    Aaron Wilson

    Miller Homes Group PLLC

    (903) 717-4700

    51 Total Sales

    Aaron Wilson
    Section Image

  • T

    Buyer's Agent in 2024

    Terry Miller

    Miller Homes Group

    (903) 504-5474

    52 Total Sales

    Terry Miller
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20450509

North Texas Real Estate Information Systems (NTREIS)

APN: R7752

Texas Rains County Alba 75410

578 Private Road 5517, Alba, TX

This home is located at 578 Private Road 5517, Alba, TX 75410 since 09 October 2023 and is currently estimated at $805,712, approximately $267 per square foot. This property was built in 1992. 578 Private Road 5517 is a home with nearby schools including Rains Elementary School, Rains Intermediate School, and Rains Junior High School.

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