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Hill 76692
118 Lakeview Drive W
$40,000
● House - Off Market

118 Lakeview Drive W

Whitney, TX 76692
bedrooms
1 Bed
bathrooms
0 Bath
square feet
682 Ft²
$56,083
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Get ready to enjoy the lake life! This little hidden diamond in the rough is a perfect fixer upper for a weekend get away. It is a one bedroom and one bath with a sunroom. It has a wood burning stove and newer floors. The owner has had a propane furnace put in about 4 ys ago. There is a fenced area in back with a porch that will be perfect to sit out on and enjoy the evenings. This house has a lot of potential and is just minutes away from the lake! Please allow time for the owner to take the dog off premises for showings.
Unit Size
682 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$59
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1958

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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 #14328753)

Price History

Date / Event Date Event Price
Jun 8, 2020 Sold
Premium
Sold
Apr 25, 2020 Listed by Ranch Masters $40,000
Listed by Ranch Masters

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,657
  • Lot Size Frontage Feet: 0
  • Total Building Area: 682
  • Gross Building Area: 1,171
  • Building Area: 682
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 0
  • Heated Square Feet: 682
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE EDGE HARBOR
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LAKE EDGE HARBOR LT 120

Neighborhood

  • School District Name: Whitney Independent School District
  • School Tax School District: RDL SWH
  • Census Tract: 960400

Geography

  • Account Number: 19512-00500-00000-120000
  • Parcel: 127736
  • Lot: 120
  • Municipality: WHITNEY
  • Latitude: 31.9752
  • Longitude: -97.3682

    Address

  • Full Address: 118 Lakeview Dr W
  • Address - House Number: 118
  • Street Segment Direction: W
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Whitney
  • Carrier Code: R003
  • 4-Digit Zip Code: 7532
  • Zip Code: 76692

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $99,115
  • Tax Rate Code Area: ESD1 ESD2

    Appraisal Valuation

  • Standard Deviation: 0.4651
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 6
  • Final Value: 85,193
  • High Value: 124,824
  • Low Value: 45,561

    Market Valuation

  • Market Total Value: $63,660
  • Market Land Value: $13,930
  • Market Improvement Value: $49,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,660
  • Assessed Land Value: $13,930
  • Assessed Improvements Value: $49,730

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 21, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 121711
  • Previous Sale Recording Date: Mar 31, 2021
  • Previous Sale Contract Date: Mar 31, 2021
  • 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 Hill

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$161

Below Asking

0.04%

Average Days on Market

78

Average Home Size

1839 ft²

Average Home Age

-

Currently For Sale

230 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 117 Beachview Loop, Whitney, TX, 76692

$1,295 /mo

  • 1 Bed
  • 1 Bath
117 Beachview Loop, Whitney, TX, 76692 Listing by Anson Linn

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lori Proctor, Ranch Masters
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14328753
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 118 Lakeview Drive West built and last sold?
The property at 118 Lakeview Drive West was built in 1958 and last sold on Apr 6, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 118 Lakeview Drive West is $0.
What are some comparable homes to 118 Lakeview Drive West?
There are currently no comparable homes to 118 Lakeview Drive West.
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