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Tool 75143
108 Ridgewood Drive
$140,000
● House - Off Market

108 Ridgewood Drive

Tool, TX 75143
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,599 Ft²
$143,137
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

4 FENCED LOTS! Amazing Location within walking distance to Cedar Creek on half an acre. Staycation all the time here! LOVE your huge deck, nice screened in porch, open floorplan, nice, vaulted ceilings, loft area and 1 bedroom with bath on second floor. Cozy WBFP to enjoy upcoming holidays or relax and create your very own resort style life tucked away from it all. Your outdoor gems included mature trees (walnut, pecan, oak and pine), 4 car carport, 2 storage buildings and much more.  Annual POA of $60. Pictures will be posted soon!!
Unit Size
1,599 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$87
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1967

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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 #14723429)

Price History

Date / Event Date Event Price
Mar 14, 2022 Sold
Premium
Sold
Dec 15, 2021 Listed by Coldwell Banker Realty $139,000
Listed by Coldwell Banker Realty
Oct 8, 2021 No longer available -
No longer available
Apr 29, 2021 In contract -
In contract
Apr 28, 2021 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,480
  • Lot Size Depth Feet: 2,700
  • Lot Size Frontage Feet: 240
  • Total Building Area: 1,599
  • Gross Building Area: 1,066
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR CREST SHORES (508)
  • Land Acres: 0000000148
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LTS 137-140 AB 360 G HANCOCK SUR, CEDARCREST SHORES ESTS, LTS 137-140 & 24X270 TR ADJ TO LTS 139-142, B/62

Neighborhood

  • School District Name: Malakoff Independent School District
  • School Tax School District: TV
  • School Tax District Code 2: MALAKOFF ISD
  • Census Tract: 950801

Geography

  • Assessors Map Reference: 15X
  • Account Number: R000033397
  • Parcel: 2355-0000-1370-63
  • Lot: 137,140
  • Municipality: CITY OF TOOL
  • Latitude: 32.2908
  • Longitude: -96.1794

    Address

  • Full Address: 108 Ridgewood Dr
  • Address - House Number: 108
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Tool
  • Carrier Code: R006
  • 4-Digit Zip Code: 2333
  • Zip Code: 75143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $541,207
  • Tax Rate Code Area: ES4,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 140,520
  • High Value: 166,449
  • Low Value: 114,591

    Market Valuation

  • Market Total Value: $299,526
  • Market Land Value: $20,000
  • Market Improvement Value: $279,526

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $299,526
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $279,526

    Sales

  • Current Sale Contract Date: Mar 14, 2022
  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5015
  • Previous Sale Recording Date: Aug 28, 2018
  • Previous Sale Contract Date: Aug 23, 2018
  • Previous Sale Amount: $129,400
  • 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 Tool

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$184

Below Asking

0.05%

Average Days on Market

95

Average Home Size

1768 ft²

Average Home Age

35.6 years

Currently For Sale

53 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 602 Legendary Lane, TX, 75156

$1,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,452 ft²
602 Legendary Lane, TX, 75156 Listing by Dawn McNary

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Laura Suarez, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14723429
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 108 Ridgewood Drive built and last sold?
The property at 108 Ridgewood Drive was built in 1967 and last sold on Mar 14, 2022 for $180,614.
How much is this home worth?
The estimated value of the home located at 108 Ridgewood Drive is $0.
What are some comparable homes to 108 Ridgewood Drive?
There are currently no comparable homes to 108 Ridgewood Drive.
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