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Red Oak 75154
106 Happy Lane
$388,600
● House - Off Market

106 Happy Lane

Red Oak, TX 75154
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,256 Ft²
$351,896
RealtyHop Estimate
-2.25%
Since Apr 1, 2022
TX-Dallas
Primary Model

About This Property

***MULTIPLE OFFERS RECEIVED. H&B DEADLINE 2.16 NOON.***Don't wait or hesitate. There's no waitlist so you can own immediately! Feel the love & pride of ownership throughout this amazing Altura home.  Make 106 Happy Lane your family's new happy home.  The floor plan flow makes this property the perfect family home.  Situated in Red Oak ISD.  Offering 4 bedrooms, children's retreat, a study, luxury plank tile, full lawn sprinkler system, pest control stations, solar screens, a covered patio and so much more.  This home shows like a model and is a MUST see!  Buyer(s) to verify all information. Measurements are approximate.
Unit Size
2,256 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$160
Property Type
House
Property Taxes
$536
HOA Dues
$50
Year Built
2019

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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 #14757378)

Price History

Date / Event Date Event Price
Mar 9, 2022 Sold
Premium
Sold
Feb 12, 2022 Listed by Phillips Price Realty, Inc. $360,000
Listed by Phillips Price Realty, Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 2,656
  • Gross Building Area: 2,736
  • Building Area: 2,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,256
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARMONY PH 3
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 9 BLK L HARMONY PH 3 .12 AC

Neighborhood

  • School District Name: Red Oak Independent School District
  • Census Tract: 060216

Geography

  • Parcel: 270741
  • Block: L
  • Lot: 9
  • Municipality: RED OAK
  • Latitude: 32.5396
  • Longitude: -96.835

    Address

  • Full Address: 106 Happy Ln
  • Address - House Number: 106
  • Address - Street Name: Happy
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Red Oak
  • Carrier Code: R018
  • 4-Digit Zip Code: 8902
  • Zip Code: 75154

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $575,284
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 372

    Appraisal Valuation

  • Standard Deviation: 0.2428
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 65
  • Final Value: 420,464
  • High Value: 522,554
  • Low Value: 318,375

    Market Valuation

  • Market Total Value: $458,946
  • Market Land Value: $55,000
  • Market Improvement Value: $403,946

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $458,946
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $403,946

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 10, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9784
  • Previous Sale Recording Date: Aug 06, 2019
  • Previous Sale Contract Date: Aug 02, 2019
  • Previous Sale Document Type: 68
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 Red Oak

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$169

Below Asking

0.03%

Average Days on Market

63

Average Home Size

2384 ft²

Average Home Age

19.9 years

Currently For Sale

57 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 410 Ellis Avenue, Red Oak, TX, 75154

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,622 ft²
410 Ellis Avenue, Red Oak, TX, 75154 Listing by Adam Olsen

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Cassandra Phillips, Phillips Price Realty, Inc.
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14757378
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 106 Happy Lane built and last sold?
The property at 106 Happy Lane was built in 2019 and last sold on Mar 8, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 106 Happy Lane is $0.
What are some comparable homes to 106 Happy Lane?
There are currently no comparable homes to 106 Happy Lane.
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