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Reno 76020
1040 N Cardinal Road
$452,961
● House - Off Market

1040 N Cardinal Road

Reno, TX 76020
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,746 Ft²
$434,247
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Structured Custom Homes is ready to build your dream home!! This stunning home will be located in the hidden gem of Barnes Addition (Lot 3). Make this 4 bed 3 bath open concept home just the way you want as you pick finishing touches that suit your style. Gourmet kitchen with gorgeous island that overlooks living area! Lots of room for entertainment while located on an acre lot to roam!!
Unit Size
1,746 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$238
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963

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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 #14752365)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Feb 3, 2022 Listed by Keller Williams Realty $415,000
Listed by Keller Williams Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 0
  • 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
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 174,240
  • Total Building Area: 2,997
  • Gross Building Area: 2,997
  • Building Area: 2,997
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,997
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 4.000 ABST: 2308, TR:, BLK:, SURV: JOHN HALL

Neighborhood

  • School District Name: Springtown Independent School District
  • School Tax School District: JR COLLEGE DIST
  • Census Tract: 140413

Geography

  • Assessors Map Reference: 429-D
  • Account Number: 2230802100000
  • Parcel: R000065637
  • Block: 21
  • Municipality: RENO
  • Latitude: 32.9482
  • Longitude: -97.5597

    Address

  • Full Address: 1040 Nelson Rd
  • Address - House Number: 1040
  • Address - Street Name: Nelson
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Azle
  • Carrier Code: R012
  • 4-Digit Zip Code: 6202
  • Zip Code: 76020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,986
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: LTR SP

    Appraisal Valuation

  • Standard Deviation: 0.2113
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 538,223
  • High Value: 651,985
  • Low Value: 424,461

    Market Valuation

  • Market Total Value: $411,910
  • Market Land Value: $200,000
  • Market Improvement Value: $211,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,510

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Reno

Stats & Trends

Median Asking:

$442,500

Sale Price/ft²

$220

Below Asking

0.04%

Average Days on Market

89

Average Home Size

2522 ft²

Average Home Age

16.5 years

Currently For Sale

18 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 2013 Wood Trail, Azle, TX, 76020

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,796 ft²
2013 Wood Trail, Azle, TX, 76020 Listing by Jonnie Johnston
Unit for rent at 333 Lubbock Drive, Azle, TX, 76020

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
333 Lubbock Drive, Azle, TX, 76020 Listing by Tony Culwell

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Sasha Martin, Keller Williams Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14752365
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1040 North Cardinal Road built and last sold?
The property at 1040 North Cardinal Road was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1040 North Cardinal Road is $0.
What are some comparable homes to 1040 North Cardinal Road?
There are currently no comparable homes to 1040 North Cardinal Road.
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