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Johnson 76028 Oakview Acres
111 Willow Lane
$322,000
● House - Off Market

111 Willow Lane

Burleson, TX 76028
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,216 Ft²
$324,492
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

*All offers must be submitted by Sunday at 7pm.* This charming house has it all! In the highly sought after Burleson ISD, outside the city limits and sitting on almost an acre, your new home boasts gorgeous laminate flooring, granite counter tops, new windows, a wood burning fireplace, new privacy fencing, large bedrooms and much more! Your large master suite features a gorgeously remodeled stand up shower and walk in closet. The details and finish out of this beautiful home will satisfy even the pickiest buyer. The storage in the back yard has electricity service and even its own electric meter. The possibilities are endless!
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$247
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1981

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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 #14726321)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Dec 16, 2021 Listed by The Property Shop $299,999
Listed by The Property Shop

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,333
  • Total Building Area: 1,268
  • Building Area: 1,268
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,268
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKVIEW ACRES
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ABST 740 BLK 3 LOT 3 OAKVIEW ACRES

Neighborhood

  • School District Name: Burleson Independent School District
  • School Tax School District: BURLESON ISD
  • Census Tract: 130406

Geography

  • Assessors Map Reference: 126.0740.00580
  • Account Number: R000017676
  • Parcel: 126-0740-00580
  • Block: 3
  • Lot: 3
  • Municipality: BURLESON
  • Latitude: 32.5034
  • Longitude: -97.2592

    Address

  • Full Address: 111 Willow Ln
  • Address - House Number: 111
  • Address - Street Name: Willow
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Burleson
  • Carrier Code: R010
  • 4-Digit Zip Code: 1405
  • Zip Code: 76028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $537,676
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 351,823
  • High Value: 427,906
  • Low Value: 275,740

    Market Valuation

  • Market Total Value: $305,430
  • Market Land Value: $58,080
  • Market Improvement Value: $247,350

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $305,430
  • Assessed Land Value: $58,080
  • Assessed Improvements Value: $247,350

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2194
  • Previous Sale Recording Date: Sep 28, 2020
  • Previous Sale Contract Date: Sep 28, 2020
  • Previous Sale Document Type: 71
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 Oakview Acres

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$250

Above Asking

0.00%

Average Days on Market

67

Average Home Size

2430 ft²

Average Home Age

53 years

Currently For Sale

2 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 3501 E Renfro Street, Burleson, TX, 76028

$1,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,379 ft²
3501 E Renfro Street #103, Burleson, TX, 76028 Listing by Abigail Cardenas

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jimmy Henderson, The Property Shop
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14726321
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 111 Willow Lane built and last sold?
The property at 111 Willow Lane was built in 1981 and last sold on Jan 14, 2022 for $218,800.
How much is this home worth?
The estimated value of the home located at 111 Willow Lane is $300,310.
What are some comparable homes to 111 Willow Lane?
There are currently no comparable homes to 111 Willow Lane.
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