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Ellis 75154 Prairie View
117 Prairie View Lane
$231,000
● House - Off Market

117 Prairie View Lane

Red Oak, TX 75154
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,688 Ft²
$344,704
RealtyHop Estimate
46.68%
Since Jun 1, 2020
TX-Dallas
Primary Model

About This Property

NO CITY TAXES!!--This adorable 3 bedroom 2 bath with office and sunroom sits on a little over a half an acre and is outside of the city limits! Granite countertops and newer stainless appliances (all less than 5 years old).Water heater and built-in microwave replaced last 2 months. Hall closet has thermostat controlled fan to remove heat, closet is perfect for housing AV electronics and stereo equipment. Wired for 110V external generator. Stone patio and storage building in back yard.

Call today!
Unit Size
1,688 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$139
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1982

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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 #14314459)

Price History

Date / Event Date Event Price
May 29, 2020 Sold
Premium
Sold
Apr 1, 2020 Listed by Re/Max Suburban South $235,000
Listed by Re/Max Suburban South

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 2
  • 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: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,091
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,016
  • Gross Building Area: 2,196
  • Building Area: 1,576
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRAIRIE VIEW
  • Land Acres: 0000000576
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 8 BLK 2 PRAIRIE VIEW .576 AC

Neighborhood

  • School District Name: Red Oak Independent School District
  • Census Tract: 060207

Geography

  • Assessors Map Reference: 983-J
  • Parcel: 153205
  • Block: 2
  • Lot: 8
  • Municipality: RED OAK
  • Latitude: 32.5345
  • Longitude: -96.7709

    Address

  • Full Address: 117 Prairie View Ln
  • Address - House Number: 117
  • Address - Street Name: Prairie View
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Red Oak
  • Carrier Code: R022
  • 4-Digit Zip Code: 2813
  • Zip Code: 75154

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $380,047
  • Tax Rate Code Area: 505

    Appraisal Valuation

  • Standard Deviation: 0.3744
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 25
  • Final Value: 219,260
  • High Value: 301,353
  • Low Value: 137,166

    Market Valuation

  • Market Total Value: $332,175
  • Market Land Value: $75,000
  • Market Improvement Value: $257,175

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,511

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: Jun 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2018112
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 Prairie View

Stats & Trends

Median Asking:

$359,889

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1324 ft²

Average Home Age

43.7 years

Currently For Sale

3 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

Rentals Near You

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NTREIS

Listed by: Dobi Caldwell, Re/Max Suburban South
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14314459
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 117 Prairie View Lane built and last sold?
The property at 117 Prairie View Lane was built in 1982 and last sold on May 29, 2020 for $229,900.
How much is this home worth?
The estimated value of the home located at 117 Prairie View Lane is $0.
What are some comparable homes to 117 Prairie View Lane?
There are currently no comparable homes to 117 Prairie View Lane.
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