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Lantana 76226 Heritage Lantana
1270 Fortner Road
$610,000
● House - Off Market

1270 Fortner Road

Lantana, TX 76226
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,409 Ft²
$651,759
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Multiple Offers Received. Please submit all offers by Monday, November 8 at 7:00PM. Welcome home to this beautiful Lantana oasis that is ideal for entertaining. Tons of upgrades including a large, covered back patio and built-in fire pit perfect for family BBQs. Relax in the private study, or enjoy family time in the living room around the stone fireplace. Master suite with sitting area downstairs with 3 bedrooms, media room and game room upstairs. Projector and screen in media room convey with the property. Pools, parks, tennis and fitness centers included in HOA.
Unit Size
3,409 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$171
Property Type
House
Property Taxes
$912
HOA Dues
$121
Year Built
2011

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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 #14697824)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Oct 26, 2021 Listed by KELLER WILLIAMS REALTY $584,500
Listed by KELLER WILLIAMS REALTY

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,921
  • Total Building Area: 3,498
  • Gross Building Area: 3,498
  • Building Area: 3,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,079
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BANDERA ADDN
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: BANDERA ADDN BLK 23C LOT 66

Neighborhood

  • School District Name: Denton Independent School District
  • Census Tract: 021755

Geography

  • Assessors Map Reference: 593-E
  • Parcel: R529330
  • Block: 23C
  • Lot: 66
  • Municipality: LANTANA
  • Latitude: 33.1003
  • Longitude: -97.1126

    Address

  • Full Address: 1270 Fortner Rd
  • Address - House Number: 1270
  • Address - Street Name: Fortner
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Lantana
  • Carrier Code: R010
  • 4-Digit Zip Code: 5402
  • Zip Code: 76226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,341,652
  • Tax Rate Code Area: W21

    Appraisal Valuation

  • Standard Deviation: 0.202
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 653,873
  • High Value: 785,988
  • Low Value: 521,758

    Market Valuation

  • Market Total Value: $658,000
  • Market Land Value: $154,495
  • Market Improvement Value: $503,505

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $658,000
  • Assessed Land Value: $154,495
  • Assessed Improvements Value: $503,505

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 01, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-218599
  • Previous Sale Recording Date: Jan 21, 2015
  • Previous Sale Contract Date: Jan 21, 2015
  • Previous Sale Amount: $400,800
  • 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 Heritage Lantana

Stats & Trends

Median Asking:

$680,000

Sale Price/ft²

$188

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3559 ft²

Average Home Age

16.3 years

Currently For Sale

9 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 8200 Watson Road, Lantana, TX, 76226

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 2,155 ft²
8200 Watson Road, Lantana, TX, 76226 Listing by Rachel Fontana
Unit for rent at 8120 Holliday Road, Lantana, TX, 76226

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 2,671 ft²
8120 Holliday Road, Lantana, TX, 76226 Listing by Bettina Lokie

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kourtney Schniederjan, KELLER WILLIAMS REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14697824
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1270 Fortner Road built and last sold?
The property at 1270 Fortner Road was built in 2011 and last sold on Nov 29, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 1270 Fortner Road is $0.
What are some comparable homes to 1270 Fortner Road?
There are currently no comparable homes to 1270 Fortner Road.
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