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Dallas 75217 Piedmont
1218 Ridgewood Drive
$150,000
● House - Off Market

1218 Ridgewood Drive

Dallas, TX 75217
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,600 Ft²
$167,702
RealtyHop Estimate
-1.35%
Since Sep 1, 2022
TX-Dallas
Primary Model

About This Property

Great home that has allot of potential with large living and dining areas. This home features an oversized backyard with a small shed for your tools as well as small back patio for nice days to relax and enjoy the weather. Large gated front yard with a patio. No survey, buyer to purchase a new one if needed.  More pictures coming soon. Property being sold AS-IS.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$106
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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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: 3 years ago (NTREIS #20035945)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
Apr 19, 2022 Listed by Century 21 Mike Bowman, Inc. $170,000
Listed by Century 21 Mike Bowman, Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,992
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME GARDENS
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: HOME GARDENS BLK A/6245 LT 8 ACS 0.1745 INT202200226788 DD08162022 CO-DC 6245 00A 00800 3006245 00A

Neighborhood

  • School District Name: Dallas Independent School District
  • Census Tract: 009301

Geography

  • Assessors Map Reference: 000005497270001
  • Account Number: 000005497270001
  • Parcel: 00-00054-972-700-0100
  • Block: A/624
  • Lot: 8
  • Latitude: 32.7331
  • Longitude: -96.7015

    Address

  • Full Address: 1218 Ridgewood Dr
  • Address - House Number: 1218
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Dallas
  • Carrier Code: C064
  • 4-Digit Zip Code: 4934
  • Zip Code: 75217

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $343,758
  • Tax Rate Code Area: DS

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 224,545
  • High Value: 271,674
  • Low Value: 177,416

    Market Valuation

  • Market Total Value: $149,800
  • Market Land Value: $30,000
  • Market Improvement Value: $119,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,800
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $119,800

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Southeast Dallas

Stats & Trends

Median Asking:

$263,750

Sale Price/ft²

$172

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1670 ft²

Average Home Age

38.8 years

Currently For Sale

498 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 1815 Yucca Drive, Dallas, TX, 75217

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,315 ft²
1815 Yucca Drive, Dallas, TX, 75217 Listing by Brenda Palacios
Unit for rent at 1409 Mission Hills Lane, Dallas, TX, 75217

$2,185 /mo

  • 4 Beds
  • 2 Baths
  • 2,469 ft²
1409 Mission Hills Lane, Dallas, TX, 75217 Listing by Patricia De La Cruz

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michelle Carrasco, Century 21 Mike Bowman, Inc.
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20035945
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1218 Ridgewood Drive built and last sold?
The property at 1218 Ridgewood Drive was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1218 Ridgewood Drive is $171,700.
What are some comparable homes to 1218 Ridgewood Drive?
There are currently no comparable homes to 1218 Ridgewood Drive.
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