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Tool 75143
113 Ridgeoak Way
$450,000
● House - Off Market

113 Ridgeoak Way

Tool, TX 75143
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,504 Ft²
$540,719
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Adorable lake house with DEEP water in a charming tree lined neighborhood. A well kept home with open concept kitchen - dining - living with second great-room all providing beautiful views. Expansive covered two-tier deck ideal for lounging - grilling - entertaining while enjoying the water views and breeze. NOTE: Most indoor & outdoor furnishings and 21' 2014 Chaparral boat are available.
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$266
Property Type
House
Property Taxes
$285
HOA Dues
$5
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 #14417649)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Aug 24, 2020 Listed by Ebby Halliday Realtors $400,000
Listed by Ebby Halliday Realtors

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • 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: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,196
  • Gross Building Area: 1,196
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWAY ESTS (165)
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: 62A AB 93 F BROWN SUR, LAKEWAY ESTATES, BLK 1 LT 62A (PT OF LTS 62 & 63)

Neighborhood

  • School District Name: Malakoff Independent School District
  • School Tax School District: TV
  • School Tax District Code 2: MALAKOFF ISD
  • Census Tract: 950802

Geography

  • Account Number: R000054305
  • Parcel: 3310-0001-0620-63
  • Block: 1
  • Lot: 62,63
  • Municipality: CITY OF TOOL
  • Latitude: 32.2667
  • Longitude: -96.1623

    Address

  • Full Address: 113 Ridgeoak Way
  • Address - House Number: 113
  • Address - Street Name: Ridgeoak
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Tool
  • Carrier Code: R003
  • 4-Digit Zip Code: 1227
  • Zip Code: 75143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $712,993
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: ES4,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.4461
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 10
  • Final Value: 284,992
  • High Value: 412,154
  • Low Value: 157,829

    Market Valuation

  • Market Total Value: $395,354
  • Market Land Value: $112,500
  • Market Improvement Value: $282,854

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $395,354
  • Assessed Land Value: $112,500
  • Assessed Improvements Value: $282,854

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00014850
  • Previous Sale Recording Date: Jul 01, 1998
  • Previous Sale Contract Date: Jul 01, 1998
  • Previous Sale Document Type: 27
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

$183

Below Asking

0.05%

Average Days on Market

91

Average Home Size

1792 ft²

Average Home Age

35.8 years

Currently For Sale

54 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 2500 Wildwood Way, Tool, TX, 75143

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,342 ft²
2500 Wildwood Way, Tool, TX, 75143 Listing by Debbie French

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Derik Hendrix, Ebby Halliday Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14417649
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 113 Ridgeoak Way built and last sold?
The property at 113 Ridgeoak Way was built in 1967 and last sold on Sep 25, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 113 Ridgeoak Way is $398,882.
What are some comparable homes to 113 Ridgeoak Way?
There are currently no comparable homes to 113 Ridgeoak Way.
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