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Johnson 76028 The Summit
1029 Summit Drive
$515,000
● House - Off Market

1029 Summit Drive

Burleson, TX 76028
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3,300 Ft²
$714,072
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Seclude Estate with great space for a family. Right when you walk in you see the inviting Pool and Lush backyard to escape the day. Home offers Lovely living with open kitchen and sitting room over looking backyard and pool. Formal dinning for you dinner parties and Breakfast Area for you nightly family dinners. Master offers a large room with Renovated Bathroom that has everything and spacious walk in closet with built ins. Home has another bedroom downstairs with bathroom and great laundry room with door to backyard. Upstairs has a great Playroom or Game room with 2 bedrooms that have a Jack and Jill Bathroom. If that is not enough there is a Shop with space for your tools and Toys. New HVAC in 2019.
Unit Size
3,300 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$156
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1999

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #14352991)

Price History

Date / Event Date Event Price
Jul 2, 2020 Sold
Premium
Sold
May 28, 2020 Listed by Orr & Associates Real Estate $515,000
Listed by Orr & Associates Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 14,049
  • Lot Size Depth Feet: 2,230
  • Lot Size Frontage Feet: 630
  • Total Building Area: 3,094
  • Building Area: 3,094
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,094
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE SUMMIT
  • Land Acres: 0000000323
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 12 BLK 1 THE SUMMIT

Neighborhood

  • School District Name: Burleson Independent School District
  • School Tax School District: BURLESON ISD
  • Census Tract: 130405

Geography

  • Assessors Map Reference: 126.2752.00120
  • Account Number: R000034648
  • Parcel: 126-2752-00120
  • Block: 1
  • Lot: 12
  • Municipality: BURLESON
  • Latitude: 32.5219
  • Longitude: -97.242

    Address

  • Full Address: 1029 Summit Dr
  • Address - House Number: 1029
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Burleson
  • Carrier Code: R002
  • 4-Digit Zip Code: 1065
  • Zip Code: 76028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $973,465
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2077
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 71
  • Final Value: 668,095
  • High Value: 806,860
  • Low Value: 529,330

    Market Valuation

  • Market Total Value: $637,952
  • Market Land Value: $71,000
  • Market Improvement Value: $566,952

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $637,952
  • Assessed Land Value: $71,000
  • Assessed Improvements Value: $566,952

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 02, 2020
  • Current Sale Recording Date: Jul 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-19632
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 The Summit

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$233

Above Asking

0.00%

Average Days on Market

51

Average Home Size

3337 ft²

Average Home Age

29 years

Currently For Sale

0 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

Unit for rent at 6924 Shady Hills, Burleson, TX, 76028

$2,395 /mo

  • 4 Beds
  • 2 Baths
  • 2,220 ft²
6924 Shady Hills, Burleson, TX, 76028 Listing by Michael Mayes

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michael Langford, Orr & Associates Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14352991
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1029 Summit Drive built and last sold?
The property at 1029 Summit Drive was built in 1999 and last sold on Jul 2, 2020 for $555,000.
How much is this home worth?
The estimated value of the home located at 1029 Summit Drive is $0.
What are some comparable homes to 1029 Summit Drive?
There are currently no comparable homes to 1029 Summit Drive.
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