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Somervell 76043
1102 County Road 2022
$470,000
● House - Off Market

1102 County Road 2022

Glen Rose, TX 76043
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,196 Ft²
$480,850
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

You'll LOVE this well maintained home situated on 2 acres within Glen Rose ISD! This property offers 3 bedrooms and 2 and a half baths, an office, plus a room upstairs that could be finished out for a game room or second living space. Enjoy the country living with plenty of privacy outside and a workshop or barn that has a heated and cooled office space and room for RV parking.
Unit Size
2,196 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$214
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
2000

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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 #20070886)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold
Premium
Sold
May 29, 2022 Listed by Cultivate Real Estate $470,000
Listed by Cultivate Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 1
  • Garage Square Area: 604
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,196
  • Gross Building Area: 2,196
  • Building Area: 2,196
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOSSIL CHASE ADDITION
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: ACRES: 2.000 TRACT: 2 ABST: A81-FC FOSSIL CHASE ABST 81 E PERKINSON LOT 2 ACRES 2.0

Neighborhood

  • School District Name: Glen Rose Independent School District
  • Census Tract: 000102

Geography

  • Subdivision Tract Number: 2
  • Parcel: R000010745
  • Lot: 2
  • Municipality: GLEN ROSE
  • Latitude: 32.1965
  • Longitude: -97.8046

    Address

  • Full Address: 1102 County Road 2022
  • Address - House Number: 1102
  • Address - Street Name: County Road 2022
  • State: TX
  • City Name: Glen Rose
  • Carrier Code: R001
  • 4-Digit Zip Code: 6197
  • Zip Code: 76043

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $718,415
  • Tax Rate Code Area: SGR SHD WS

    Appraisal Valuation

  • Standard Deviation: 0.2281
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 468,644
  • High Value: 575,552
  • Low Value: 361,737

    Market Valuation

  • Market Total Value: $474,640
  • Market Land Value: $70,000
  • Market Improvement Value: $404,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,640
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $404,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1912
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 Somervell

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$218

Below Asking

0.02%

Average Days on Market

78

Average Home Size

2312 ft²

Average Home Age

24.3 years

Currently For Sale

62 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: Kali Jones, Cultivate Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20070886
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1102 County Rd 2022 built and last sold?
The property at 1102 County Rd 2022 was built in 2000 and last sold on Jul 7, 2022 for $500,080.
How much is this home worth?
The estimated value of the home located at 1102 County Rd 2022 is $0.
What are some comparable homes to 1102 County Rd 2022?
There are currently no comparable homes to 1102 County Rd 2022.
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