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Josephine 75164
108 Horizon Way
$236,000
● Land - Off Market

108 Horizon Way

Josephine, TX 75173
bedrooms
Studio
bathrooms
0 Bath
$263,825
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Nice cleared lot just waiting for your new home!  5+ acres in a great location, perfectly situated between Greenville and Rockwall, just minutes from Hwy 66 and I-30 with electric and septic on-site.  Quiet country setting with open views to enjoy your morning coffee or evening beverage watching the sunrise and sunset. Buyer and Buyer's agent to verify all information.
Unit Size
-
Days on Market
-
Land Size
5.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$324
HOA Dues
-
Year Built
1998

Payment Calculator

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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 #20083634)

Price History

Date / Event Date Event Price
Nov 1, 2022 Sold
Premium
Sold
Jun 11, 2022 Listed by Fathom Realty LLC $250,000
Listed by Fathom Realty LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 223,724
  • Total Building Area: 2,128
  • Building Area: 2,128

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LOST HORIZONS ADDITION (CJO)
  • Land Acres: 0000005136
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • State Land Use Code: C1
  • Legal Description 1: LOST HORIZONS ADDITION (CJO), LOT 24

Neighborhood

  • School District Name: Community Independent School District
  • School Tax School District: COMMUNITY ISD
  • Census Tract: 031201

Zoning

  • Zoning: RESI

Geography

  • Assessors Map Reference: 41-M
  • District: CJO
  • Parcel: R-2125-000-0240-1
  • Lot: 24
  • Municipality: JOSEPHINE CITY
  • Latitude: 33.0696
  • Longitude: -96.3256

    Address

  • Full Address: 108 Horizon Way
  • Address - House Number: 108
  • Address - Street Name: Horizon
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Josephine
  • Carrier Code: R002
  • 4-Digit Zip Code: 8424
  • Zip Code: 75173

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $452,108
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SCO

    Market Valuation

  • Market Total Value: $231,120
  • Market Land Value: $231,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,120
  • Assessed Land Value: $231,120

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 159936
  • Previous Sale Recording Date: Aug 25, 2021
  • Previous Sale Contract Date: Aug 24, 2021
  • 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 Josephine

Stats & Trends

Median Asking:

$324,900

Sale Price/ft²

$170

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2046 ft²

Average Home Age

13.5 years

Currently For Sale

44 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 304 Hawthorn Drive, Josephine, TX, 75173

$1,890 /mo

  • 4 Beds
  • 2 Baths
  • 1,645 ft²
304 Hawthorn Drive, Josephine, TX, 75173 Listing by Shannon Ruiz
Unit for rent at 1763 Harvest Lane, Josephine, TX, 75173

$3,300 /mo

  • 4 Beds
  • 2 Baths
  • 2,516 ft²
1763 Harvest Lane, Josephine, TX, 75173 Listing by Jodie Mayo

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michael Phillips, Fathom Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20083634
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 108 Horizon Way built and last sold?
The property at 108 Horizon Way was built in 1998 and last sold on Oct 31, 2022 for $198,835.
How much is this home worth?
The estimated value of the home located at 108 Horizon Way is $252,500.
What are some comparable homes to 108 Horizon Way?
There are currently no comparable homes to 108 Horizon Way.
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