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Johnson 76063
1216 Olive Drive
$620,000
● House - Off Market

1216 Olive Drive

Mansfield, TX 76063
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,503 Ft²
$3,115
Est. Monthly
$70
HOA / Fees
4.12%
Cap Rate

About This Property

Now Complete & Ready for Move-In!!!  Stunning Large Brand New One-Story Home featuring 3,503 SF, 3 Bedrooms, 3 Bathrooms, + Upstairs Gameroom with Full 4th Bedroom could be Used as Large 4th Bedroom Suite, and spacious 3-Car Garage. Enjoy Luxury Vaulted Cathedral Ceilings in Living Room, Gourmet Kitchen with Center Island and Breakfast Bar, Breakfast Room, Extended Covered Patio with Beautiful High End 15' Glass Slider Patio Doors, Upgraded Luxury Primary Suite with beautiful primary bath boasting a free standing tub and large seamless glass shower with bench seat, Private Study, Bonus Kid Zone or Flex Living Room Zone between the 2 Guest Bedrooms which makes for a separate living area, and Walk-In Closets.  Upstairs Large Game Room with FULL 4th Bathroom could be used as 4th Bedroom Suite.
Unit Size
3,503 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$177
Property Type
House
Property Taxes
-
HOA Dues
$70
Year Built
-

Payment Calculator

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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 #20697702)

Price History

Date / Event Date Event Price
Dec 30, 2024 Sold
Premium
Sold
Dec 6, 2024 In contract -
In contract
Dec 5, 2024 Price Decreased $620,000
↓ $10K (1.5%)
Price Decreased
Nov 16, 2024 Price Decreased $629,577
↓ $70K (10%)
Price Decreased
Oct 25, 2024 Price Decreased $699,577
↓ $16K (2.3%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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
  • 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: 15,838
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: THE OAKS PRESERVE PH 1
  • Land Acres: 0000000364
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • State Land Use Code: C1
  • Legal Description 1: LOT 22 BLK 3 THE OAKS PRESERVE PH 1

Neighborhood

  • School Tax School District: MANSFIELD ISD
  • Census Tract: 130419

Geography

  • Assessors Map Reference: 126.4093.03220
  • Account Number: R000103738
  • Parcel: 126-4093-03220
  • Block: 3
  • Lot: 22
  • Municipality: CITY OF MANSFIELD
  • Latitude: 32.5465
  • Longitude: -97.1657

    Address

  • Full Address: 1216 Olive Dr
  • Address - House Number: 1216
  • Address - Street Name: Olive
  • Address - Suffix Type: Dr
  • State: TX

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $186,447
  • Tax Rate Code Area: 9

    Market Valuation

  • Market Total Value: $85,000
  • Market Land Value: $85,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,000
  • Assessed Land Value: $85,000

    Sales

  • Current Sale Contract Date: Nov 25, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 40229
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:

$334,650

Sale Price/ft²

$177

Above Asking

0.01%

Average Days on Market

74

Average Home Size

2257 ft²

Average Home Age

-

Currently For Sale

1084 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 Santasiero, Riverway Properties
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20697702
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1216 Olive Drive built and last sold?
The property at 1216 Olive Drive was built in and last sold on Nov 25, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1216 Olive Drive is $0.
What are some comparable homes to 1216 Olive Drive?
There are currently no comparable homes to 1216 Olive Drive.
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