NOT LISTED FOR SALE

Lot 7 Hells Gate Dr Possum Kingdom Lake, TX 76449

Estimated Value: $1,604,000 - $1,804,000

1.27 Acres
$1,343,849 Price per Acre
55,234 Sq Ft Lot

Last Sold January 25, 2022

Current estimated payment $10,610/month

177 Days on Market

Highlights

  • Airport or Runway
  • Marina
  • Horse Facilities
  • Palo Pinto Elementary School Rated A+
  • Boat Dock
  • Boat Ramp

About This Lot

As of January 2022

Slightly elevated, mostly level lot across the road from iconic Hells Gate at Possum Kingdom Lake. Lot has a few cedars and junipers and short grasses. A lake view is possible with a second story or elevated deck. Includes all the Sportsmans World amenities.

Last Agent to Sell the Property

Judy Smith

RE/MAX Elite Group License #0738531 Listed on: 05/19/2021

RE/MAX Elite Group

Co-Listed By

DAVID SMITH

RE/MAX Elite Group License #0738523

Last Buyer's Agent

Judy Smith

RE/MAX Elite Group License #0738531 Listed on: 05/19/2021

RE/MAX Elite Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,968

Lot Details

  • 1.27 Acre Lot
  • Property fronts a private road
  • Unincorporated Location
  • Level Lot
  • Cedar Trees
  • Few Trees

HOA Fees

  • $67 Monthly HOA Fees

Property Views

  • Lake
  • Park or Greenbelt

Schools

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

Utilities

  • Underground Utilities
  • No City Services
  • Municipal Utilities District
  • Co-Op Water
  • Septic Tank
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Assessor Parcel Number 26302
  • $150 per year unexempt tax

Community Details

Overview

  • Association fees include full use of facilities
  • Sportsmans World Poa, Phone Number (940) 779-2150
  • Located in the Sportsmans World master-planned community
  • Sportsmans World Subdivision
  • Mandatory home owners association

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

  • Boat Dock
  • Marina
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Horse Facilities
  • Jogging Path
  • Boat Ramp

Property Details

Property Type

Land

Est. Annual Taxes

$15,968

Lot Details

0

HOA Fees

$67 per month

Listing Details

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

Exterior Features

  • Easements: Utilities
  • Community Features: Boat Ramp, Club House, Community Dock, Community Pool, Horse Facilities, Jogging Path/Bike Path, Marina, Playground, Airport/Runway, Tennis Court(s)
  • Fencing: None
  • Soil Type: Rocky/Shale
  • Waterfront: No
  • RoadFrontageType: Private Road
  • RoadSurfaceType: Asphalt

Garage/Parking

  • GarageYN: No

Utilities

  • Utilities: All Weather Road, Co-op Water, Electricity Available, Individual Water Meter, No City Services, Private Road, Septic, Sewer Not Available, Underground Utilities, Unincorporated

Condo/Co-op/Association

  • HOA Fee Includes: Full Use of Facilities
  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Association Type: Mandatory
  • Hoa Management Company: Sportsmans World POA
  • HOA Management Company: 9407792150

Association/Amenities

  • DevelopmentStatus: Streets Installed, Utilities Installed

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: 1 to < 3 Acres
  • Lot Features: Cedar, Few Trees, Level, Park View, Subdivision, Water/Lake View
  • Lot Size Units: Acres
  • Lot Size Area: 1.2680
  • Parcel Number: 26302
  • Lot Size Acres: 1.2680
  • Lot Size Sq Ft: 55234.0800
  • Subdivided: Yes
  • Zoning Description: Residential
  • Possible Use: Single Family
  • Present Use: Single Family
  • LandLeaseYN: No

Building Info

  • Year Built: 9999

Multi Family

  • Number Of Lots: 1

Tax Info

  • Unexempt Taxes: 150
  • TaxBlock: 2
  • Tax Lot: 7

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
May 19, 2021
Closed on
Jan 26, 2022
Sold by
Stewart Mclauchlan
Bought by
Possum Kingdom Lodge Llc
Seller's Agent
Judy Smith
RE/MAX Elite Group
Buyer's Agent
Judy Smith
RE/MAX Elite Group
List Price
$60,000
Current Estimated Value
$1,704,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
148.33%
Original Mortgage
$707,500
Interest Rate
3.22%
Mortgage Type
Construction
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
Possum Kingdom Lodge Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Possum Kingdom Lodge Llc $707,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2022 01/25/22 Sold -- -- --
11/12/2021 11/12/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $60,000 -- --
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
2024 $15,968 $1,049,900 $90,370 $959,530
2023 $5,349 $340,050 $66,690 $273,360
2022 $786 $45,290 $45,290 $0
2021 $462 $22,090 $22,090 $0
2020 $166 $7,180 $7,180 $0
2019 $179 $7,730 $7,730 $0
2018 $175 $7,730 $7,730 $0
2017 $250 $11,050 $11,050 $0
2016 $250 $11,050 $11,050 $0
2015 $247 $11,050 $11,050 $0
2014 $247 $11,050 $11,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14581942

North Texas Real Estate Information Systems (NTREIS)

APN: 26302