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Oak Ridge 75142 Magnolia Ridge
1061 Savannah Lane
$370,000
● House - Off Market

1061 Savannah Lane

Oak Ridge, TX 75142
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,848 Ft²
$1,842
Est. Monthly

About This Property

Beautiful 3 bedroom, 2 bath home on a full acre with fenced backyard, workshop with electric, 2-car carport, & 2-car garage. Inside you'll find a spacious living area with wood-burning fireplace, a kitchen with appliances and breakfast nook, plus a formal dining room. The private primary suite offers a walk-in closet, jetted tub, and separate walk-in shower. Enjoy year-round comfort with the sunroom, along with covered front and back porches for outdoor living. Recent updates include exterior repainting (2025), new dishwasher (2025), & Roof (2024). Sprinkler system in front and backyard keeps maintenance simple. Move-in ready and well cared for - a great opportunity for anyone seeking space and comfort.
Unit Size
1,848 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$203
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997

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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: 11 months ago (NTREIS #21096717)

Price History

Date / Event Date Event Price
Dec 4, 2025 Sold
Premium
Sold
Nov 13, 2025 In contract -
In contract
Oct 26, 2025 Listed by Kile Properties $375,000
Listed by Kile Properties

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,398
  • Gross Building Area: 2,698
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA RIDGE
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: MAGNOLIA RIDGE LOT 6

Neighborhood

  • School District Name: Kaufman Independent School District
  • Census Tract: 050701

Geography

  • Parcel: 30918
  • Lot: 6
  • Municipality: KAUFMAN
  • Latitude: 32.631
  • Longitude: -96.2694

    Address

  • Full Address: 1061 Savannah Ln
  • Address - House Number: 1061
  • Address - Street Name: Savannah
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Kaufman
  • Carrier Code: R007
  • 4-Digit Zip Code: 4444
  • Zip Code: 75142

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $258,253
  • Tax Rate Code Area: 1F CAD CO

    Appraisal Valuation

  • Standard Deviation: 0.1824
  • Valuation Date: Nov 23, 2022
  • Confidence Score: 76
  • Final Value: 385,620
  • High Value: 455,972
  • Low Value: 315,268

    Market Valuation

  • Market Total Value: $268,368
  • Market Land Value: $60,000
  • Market Improvement Value: $208,368

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $259,191
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $199,191

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 15, 2013
  • Current Sale Recording Date: May 20, 2013
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013-0009342
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 Magnolia Ridge

Stats & Trends

Median Asking:

$415,000

Sale Price/ft²

$194

Below Asking

0.03%

Average Days on Market

70

Average Home Size

2158 ft²

Average Home Age

26.5 years

Currently For Sale

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

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Currently no similar homes around

Nearby Rentals

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NTREIS

Listed by: Shannon Runyan, Kile Properties
Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 21096717
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1061 Savannah Lane built and last sold?
The property at 1061 Savannah Lane was built in 1997 and last sold on May 15, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 1061 Savannah Lane is $0.
What are some comparable homes to 1061 Savannah Lane?
There are currently no comparable homes to 1061 Savannah Lane.
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