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Johnson 76009
1206 Forgotten Lane
$415,000
● House - Off Market

1206 Forgotten Lane

Alvarado, TX 76009
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,187 Ft²
$457,935
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Charming 3 Bedroom Home on over an Acre in Alvarado. Enjoy your time outside on your Wrap Around Porch or  Covered Patio with Beautiful Views. Upon entering the Home you will notice the Formal Dining Room on your right and Office to your left. The Living Room boasts a Beautiful Stone Fireplace with gas starter. The Kitchen has Granite Countertops and Custom Oak Cabinetry. Your Owners Suite shows tons of Natural Lighting and the Spacious Bathroom has Dual Vanities, an Oversized Bathtub, and Walk in Closet while the Secondary Rooms share a Jack and Jill Bathroom. The property is completely fenced with an electric gate at the entrance and the three car garage is detached with an electric lift to the attic.
Unit Size
2,187 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$176
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

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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: 6 months ago (NTREIS #14540123)

Price History

Date / Event Date Event Price
May 11, 2021 Sold
Premium
Sold
Mar 25, 2021 Listed by Stegmeier Realty $385,000
Listed by Stegmeier Realty
Charming 3 Bedroom Home on over an Acre in Alvarado. Enjoy your time outside on your Wrap Around Porch or Covered Patio with Beautiful Views. Upon entering the Home you will notice the Formal Dining Room on your right and Office to your left. The Living Room boasts a Beautiful Stone Fireplace with gas starter. The Kitchen has Granite Countertops and Custom Oak Cabinetry. Your Owners Suite shows tons of Natural Lighting and the Spacious Bathroom has Dual Vanities, an Oversized Bathtub, and Walk in Closet while the Secondary Rooms share a Jack and Jill Bathroom. The property is completely fenced with an electric gate at the entrance and the three car garage is detached with an electric lift to the attic.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,352
  • Total Building Area: 2,187
  • Building Area: 2,187
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,187
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREAUX ADDITION
  • Land Acres: 0000001110
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 1 BLK 1 BREAUX ADDITION

Neighborhood

  • School District Name: Alvarado Independent School District
  • School Tax School District: ALVARADO ISD
  • Census Tract: 130406

Geography

  • Assessors Map Reference: 126.2329.00010
  • Account Number: R000083441
  • Parcel: 126-2329-00010
  • Block: 1
  • Lot: 1
  • Municipality: ALVARADO
  • Latitude: 32.4687
  • Longitude: -97.2538

    Address

  • Full Address: 1206 Forgotten Ln
  • Address - House Number: 1206
  • Address - Street Name: Forgotten
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Alvarado
  • Carrier Code: R004
  • 4-Digit Zip Code: 6008
  • Zip Code: 76009

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $327,760
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2144
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 70
  • Final Value: 521,474
  • High Value: 633,320
  • Low Value: 409,628

    Market Valuation

  • Market Total Value: $437,519
  • Market Land Value: $72,705
  • Market Improvement Value: $364,814

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $437,519
  • Assessed Land Value: $72,705
  • Assessed Improvements Value: $364,814

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-17235
  • Previous Sale Recording Date: Jun 14, 2005
  • Previous Sale Contract Date: Jun 03, 2005
  • Previous Sale Amount: $225,500
  • Previous Sale Document Type: 70
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 Johnson

Stats & Trends

Median Asking:

$334,590

Sale Price/ft²

$177

Above Asking

0.02%

Average Days on Market

76

Average Home Size

2277 ft²

Average Home Age

-

Currently For Sale

1065 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, TX, 76028

$1,875 /mo

  • 3 Beds
  • 2 Baths
  • 1,379 ft²
3501 E Renfro Street #612, TX, 76028 Listing by Abigail Cardenas

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lesley Stegmeier, Stegmeier Realty
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14540123
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1206 Forgotten Lane built and last sold?
The property at 1206 Forgotten Lane was built in 2005 and last sold on May 11, 2021 for $268,800.
How much is this home worth?
The estimated value of the home located at 1206 Forgotten Lane is $380,495.
What are some comparable homes to 1206 Forgotten Lane?
There are currently no comparable homes to 1206 Forgotten Lane.
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