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Grayson 75459
1240 Harrell Road
$388,500
● House - Off Market

1240 Harrell Road

Howe, TX 75459
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,557 Ft²
$540,615
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

The seller has great pride of ownership in this immaculate custom home in Stone Creek Subdivision, Howe, Texas. The house is situated on 1.049 acres with a great view of a 3-acre fishing pond from the master bedroom, living, kitchen, and dining area. Plenty of room for all the cars in the 3 car garage which is insulated and large enough for a workshop. A mudroom off the utility room would be perfect for a sewing room or home office. The home features wood floors, granite countertops, crown molding, pier beam slab with post-tension foundation, and many more upgrades. Minutes from Hwy 75 for easy access to McKinney and Allen or North to Texoma Medical Center, Texoma Health Foundation Park, and Lake Texoma.
Unit Size
2,557 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$152
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
2007

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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 #14338737)

Price History

Date / Event Date Event Price
Jul 31, 2020 Sold
Premium
Sold
May 8, 2020 Listed by EBBY HALLIDAY, REALTORS $389,900
Listed by EBBY HALLIDAY, REALTORS

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2012
  • Building Count: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 858
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,694
  • Lot Size Depth Feet: 3,270
  • Lot Size Frontage Feet: 1,390
  • Total Building Area: 3,415
  • Gross Building Area: 3,415
  • Building Area: 2,557
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,557
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE CREEK SUBDIVISION
  • Land Acres: 0000001049
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: STONE CREEK SUBDIVISION, BLOCK 1, LOT 8, ACRES 1.049

Neighborhood

  • School District Name: Howe Independent School District
  • Census Tract: 001801

Geography

  • Assessors Map Reference: 23-E
  • Parcel: 260726
  • Block: 1
  • Lot: 8
  • Municipality: HOWE
  • Latitude: 33.5349
  • Longitude: -96.5659

    Address

  • Full Address: 1240 Harrell Rd
  • Address - House Number: 1240
  • Address - Street Name: Harrell
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Howe
  • Carrier Code: R002
  • 4-Digit Zip Code: 3615
  • Zip Code: 75459

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $744,527
  • Tax Rate Code Area: SHO

    Appraisal Valuation

  • Standard Deviation: 0.2523
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 528,754
  • High Value: 662,211
  • Low Value: 395,297

    Market Valuation

  • Market Total Value: $476,268
  • Market Land Value: $78,033
  • Market Improvement Value: $398,235

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $392,195

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00019688
  • Previous Sale Recording Date: Jul 19, 2007
  • Previous Sale Contract Date: Jul 19, 2007
  • 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 Grayson

Stats & Trends

Median Asking:

$302,181

Sale Price/ft²

$170

Above Asking

0.00%

Average Days on Market

88

Average Home Size

2103 ft²

Average Home Age

31.8 years

Currently For Sale

1456 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

Rentals Near You

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NTREIS

Listed by: Sherry Smith, EBBY HALLIDAY, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14338737
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1240 Harrell Road built and last sold?
The property at 1240 Harrell Road was built in 2007 and last sold on Jul 30, 2020 for $385,600.
How much is this home worth?
The estimated value of the home located at 1240 Harrell Road is $397,280.
What are some comparable homes to 1240 Harrell Road?
There are currently no comparable homes to 1240 Harrell Road.
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