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Midlothian 76065 Blue Grass Estates
1171 Pimlico Drive
$375,000
● House - Off Market

1171 Pimlico Drive

Midlothian, TX 76065
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,758 Ft²
$396,511
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Beautiful country setting of 2.58 acres just waiting for you to bring your personal touches to the house. There is an inground pool and a barn. The property is cross fenced and is great for horses. Repairs will be needed to restore the property, which is reflected in the price. This is offered AS IS, CASH ONLY! Seller will not subdivide the property. There is additional information to be reviewed prior to seeing the property found in the Seller's Disclosure along with other documents.
Unit Size
2,758 Ft²
Days on Market
-
Land Size
2.58 acres
Price per sqft
$145
Property Type
House
Property Taxes
$605
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20366980)

Price History

Date / Event Date Event Price
Sep 12, 2023 Sold
Premium
Sold
Jun 28, 2023 Listed by RE/MAX Pinnacle Group Realtors $399,000
Listed by RE/MAX Pinnacle Group Realtors

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 660
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 112,385
  • Total Building Area: 2,758
  • Gross Building Area: 2,866
  • Building Area: 2,758
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,758
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUE GRASS EST
  • Land Acres: 0000002580
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: 40 BLUE GRASS EST 2.58 ACRES

Neighborhood

  • School District Name: Midlothian Independent School District
  • Census Tract: 060802

Geography

  • Assessors Map Reference: 1076-D
  • Parcel: 147834
  • Lot: 40
  • Municipality: MIDLOTHIAN
  • Latitude: 32.445
  • Longitude: -97.0082

    Address

  • Full Address: 1171 Pimlico Dr
  • Address - House Number: 1171
  • Address - Street Name: Pimlico
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Midlothian
  • Carrier Code: R004
  • 4-Digit Zip Code: 5464
  • Zip Code: 76065

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $511,093
  • Tax Rate Code Area: 354

    Appraisal Valuation

  • Standard Deviation: 0.1654
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 79
  • Final Value: 396,499
  • High Value: 462,081
  • Low Value: 330,917

    Market Valuation

  • Market Total Value: $500,167
  • Market Land Value: $210,000
  • Market Improvement Value: $290,167

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,431

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 12, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 27416
  • Previous Sale Recording Date: Sep 13, 2023
  • Previous Sale Contract Date: Aug 09, 2023
  • 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 Blue Grass Estates

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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: John Pollock, RE/MAX Pinnacle Group Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20366980
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1171 Pimlico Drive built and last sold?
The property at 1171 Pimlico Drive was built in 1976 and last sold on Sep 12, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 1171 Pimlico Drive is $402,990.
What are some comparable homes to 1171 Pimlico Drive?
There are currently no comparable homes to 1171 Pimlico Drive.
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