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Irving 75061 Owen Point
1018 Ross Drive
$368,000
● House - Off Market

1018 Ross Drive

Irving, TX 75061
bedrooms
5 Beds
bathrooms
0 Bath
square feet
2,744 Ft²
$2,252
Est. Monthly
16.15%
Cap Rate

About This Property

A beautifully remodeled home with 5 bedrooms and 3 bathrooms is now available in Irving.  Step into a home with updates that include but are not limited to, new flooring, updated bathrooms, updated electrical, new hot water heater, and much more.  All of the work done was completed with permits through the city of Irving.  The primary bedroom has an in suite bathroom with an eye catching shower. The home has stylish neutral color scheme throughout.  There is a large shed, with a board on board privacy fence in the backyard.  Must see to fully appreciate the attention to detail and craftsmanship. Schedule your showing today!
Unit Size
2,744 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$138
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (NTREIS #20438867)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Oct 28, 2023 Listed by Real Estate Reformation $379,900
Listed by Real Estate Reformation

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,095
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,077
  • Building Area: 1,593
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,593
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWBROOK ESTATES 9 2ND INST
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: MEADOWBROOK ESTATES 9 2ND INST BLK C LT 21 INT202300055116 DD03152023 CO-DC 3025000302100 2CI30250003

Neighborhood

  • School District Name: Irving Independent School District
  • School Tax School District: IRVING ISD
  • Census Tract: 014704

Geography

  • Assessors Map Reference: 323025000302100
  • Account Number: 323025000302100
  • Subdivision Tract Number: 30250
  • Parcel: 32-30250-003-021-0000
  • Block: C
  • Lot: 21
  • Municipality: IRVING
  • Latitude: 32.8285
  • Longitude: -96.9323

    Address

  • Full Address: 1018 Ross Dr
  • Address - House Number: 1018
  • Address - Street Name: Ross
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Irving
  • Carrier Code: C075
  • 4-Digit Zip Code: 5245
  • Zip Code: 75061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $465,453
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: IS

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 77
  • Final Value: 383,200
  • High Value: 449,237
  • Low Value: 317,163

    Market Valuation

  • Market Total Value: $200,960
  • Market Land Value: $40,000
  • Market Improvement Value: $160,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,960
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $160,960

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 255701
  • Previous Sale Recording Date: Mar 22, 2023
  • Previous Sale Contract Date: Mar 15, 2023
  • Previous Sale Amount: $328,410
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Owen Point

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$165

Below Asking

0.05%

Average Days on Market

54

Average Home Size

1281 ft²

Average Home Age

70.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Meetrah Amini, Real Estate Reformation
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20438867
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1018 Ross Drive built and last sold?
The property at 1018 Ross Drive was built in 1961 and last sold on Dec 20, 2023 for $417,886.
How much is this home worth?
The estimated value of the home located at 1018 Ross Drive is $383,699.
What are some comparable homes to 1018 Ross Drive?
There are currently no comparable homes to 1018 Ross Drive.
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