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Cleburne 76033 West Hollow
1207 S Ridgeway Drive
$165,000
● House - Off Market

1207 S Ridgeway Drive

Cleburne, TX 76033
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,176 Ft²
$1,325
Est. Monthly
9.06%
Cap Rate

About This Property

Needing plenty of space and a workshop?  This home could be the answer for you.  The home offers two spacious living areas for hosting friends and family and one offers a woodburning stove for the cold days ahead.  The kitchen has lots of cabinets, a double oven and is open to the dining area. The water heater has been updated. The backyard has a nice covered porch and a workshop with a lean to and alley access.  The home does need updating but has been loved for many years.
Unit Size
2,176 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$91
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1960

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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: 2 years ago (NTREIS #20792148)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Jan 21, 2025 In contract -
In contract
Dec 6, 2024 Listed by Webb Kirkpatrick Real Estate, Inc $199,000
Listed by Webb Kirkpatrick Real Estate, Inc

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,429
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,176
  • Building Area: 2,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB ROAD
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 4 BLK 1 COUNTRY CLUB ROAD

Neighborhood

  • School District Name: Cleburne Independent School District
  • School Tax School District: CLEBURNE ISD
  • Census Tract: 131000

Geography

  • Assessors Map Reference: 126.2825.00040
  • Account Number: R000041478
  • Parcel: 126-2825-00040
  • Block: 1
  • Lot: 4
  • Municipality: CITY OF CLEBURNE
  • Latitude: 32.3257
  • Longitude: -97.3987

    Address

  • Full Address: 1207 S Ridgeway Dr
  • Address - House Number: 1207
  • Street Direction: S
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Cleburne
  • Carrier Code: C009
  • 4-Digit Zip Code: 6902
  • Zip Code: 76033

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $378,413
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2113
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 340,127
  • High Value: 412,025
  • Low Value: 268,230

    Market Valuation

  • Market Total Value: $222,996
  • Market Land Value: $45,500
  • Market Improvement Value: $177,496

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $222,996
  • Assessed Land Value: $45,500
  • Assessed Improvements Value: $177,496

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 07, 2005
  • Current Sale Recording Date: Feb 04, 2005
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 004222
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 West Hollow

Stats & Trends

Median Asking:

$284,999

Sale Price/ft²

$170

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1455 ft²

Average Home Age

56.3 years

Currently For Sale

4 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 1005 Grandbury Street, Cleburne, TX, 76033

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,362 ft²
1005 Grandbury Street #A, Cleburne, TX, 76033 Listing by Michael Mann

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Hope Kirkpatrick, Webb Kirkpatrick Real Estate, Inc
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20792148
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1207 South Ridgeway Drive built and last sold?
The property at 1207 South Ridgeway Drive was built in 1960 and last sold on Jan 7, 2005 for $0.
How much is this home worth?
The estimated value of the home located at 1207 South Ridgeway Drive is $210,042.
What are some comparable homes to 1207 South Ridgeway Drive?
There are currently no comparable homes to 1207 South Ridgeway Drive.
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