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Hunt 75474
1056 Rancho Road
$590,000
● House - Off Market

1056 Rancho Road

Quinlan, TX 75474
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,992 Ft²
$908,046
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Beautiful 30 acre sanctuary close to L3. Enjoy the views of the wildlife and seasons from the large windows of this well kept home. 3 fenced paddocks and woods with half mile of trails to make new adventures. Plenty of storage buildings with utilities. Carport to store your RV with a 30 amp plug. 9 stall barn with a climate controlled feed room with extra amenities. A covered lighted working arena with sprinklers and wind screens to exercise your horse all year round. Nice spring fed pond ready for you to fish or explore the seasonal creek that runs along side the property. An hour from Dallas, country feel but close to town.
Unit Size
1,992 Ft²
Days on Market
-
Land Size
30.12 acres
Price per sqft
$316
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1994

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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 #14186953)

Price History

Date / Event Date Event Price
Feb 18, 2020 Sold
Premium
Sold
Sep 16, 2019 Listed by Exit Realty Pinnacle Group $629,000
Listed by Exit Realty Pinnacle Group

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 529
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,050,754
  • Total Building Area: 1,992
  • Gross Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: LATHAM MARY
  • Land Acres: 0000024122
  • Standard Land Use Code: 2000
  • County Land Use Code: E3
  • State Land Use Code: E3
  • Legal Description 1: A0597 LATHAM MARY,TRACT 23-2, ACRES 24.122,(ALSO IN A0629)

Neighborhood

  • School District Name: Quinlan Independent School District
  • Census Tract: 961600

Geography

  • Assessors Map Reference: 14-C
  • Subdivision Tract Number: 23-2
  • Parcel: 101878
  • Lot: 23-2
  • Municipality: QUINLAN
  • Latitude: 32.9786
  • Longitude: -96.0775

    Address

  • Full Address: 1056 Rancho Rd
  • Address - House Number: 1056
  • Address - Street Name: Rancho
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Quinlan
  • Zip Code: 75474

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $652,226
  • Tax Rate Code Area: SQL

    Market Valuation

  • Market Total Value: $904,230
  • Market Land Value: $433,460
  • Market Improvement Value: $470,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,335

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 18, 2020
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-02965
  • Previous Sale Recording Date: Jun 12, 2006
  • Previous Sale Contract Date: May 30, 2006
  • Previous Sale Amount: $206,300
  • Previous Sale Document Type: 70
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 Hunt

Stats & Trends

Median Asking:

$288,500

Sale Price/ft²

$162

Below Asking

0.04%

Average Days on Market

81

Average Home Size

2009 ft²

Average Home Age

23.2 years

Currently For Sale

866 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: Candice Jimenez, Exit Realty Pinnacle Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14186953
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1056 Rancho Road built and last sold?
The property at 1056 Rancho Road was built in 1994 and last sold on Feb 18, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 1056 Rancho Road is $0.
What are some comparable homes to 1056 Rancho Road?
There are currently no comparable homes to 1056 Rancho Road.
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