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Rhome 76078
1306 Speedway Drive
$225,000
● Mobile Manufactured - Off Market

1306 Speedway Drive

Rhome, TX 76078
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,904 Ft²
$297,360
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Great property in Northwest ISD with lots of space for your family, your pets and... chickens! This 4 bedroom home features a large living area with country kitchen and separate dining room with built-in cabinets. The master bedroom has an ensuite bath with walk-in shower and soaker tub, dual vanities and walk-in closet. Split bedroom floorplan with 3 extra bedrooms and secondary bathroom has been recently remodeled. Recent updates include new roof and HVAC system in 2019. The large 1 acre lot includes a detached 2-car garage and covered patio deck to enjoy the outdoors. Don't miss the landscaping, garden and chicken coop in the back! Perfect property to enjoy the country life in Rhome!
Unit Size
1,904 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$131
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1997

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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: 5 months ago (NTREIS #14556636)

Price History

Date / Event Date Event Price
May 27, 2021 Sold
Premium
Sold
Apr 15, 2021 Listed by Keller Williams Realty FtWorth $250,000
Listed by Keller Williams Realty FtWorth
Great property in Northwest ISD with lots of space for your family, your pets and... chickens! This 4 bedroom home features a large living area with country kitchen and separate dining room with built-in cabinets. The master bedroom has an ensuite bath with walk-in shower and soaker tub, dual vanities and walk-in closet. Split bedroom floorplan with 3 extra bedrooms and secondary bathroom has been recently remodeled. Recent updates include new roof and HVAC system in 2019. The large 1 acre lot includes a detached 2-car garage and covered patio deck to enjoy the outdoors. Don't miss the landscaping, garden and chicken coop in the back! Perfect property to enjoy the country life in Rhome!

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,604
  • Total Building Area: 1,904
  • Building Area: 1,904
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,904
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALLIANCE ESTATES PH1
  • Land Acres: 0000001001
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LT: 1 BLK: E ALLIANCE ESTATES PH1 1.0010 ACRES MANUFACTURER: CREST RIDGE HOMES INC SERIAL NUMBER: CRH2TX1120A SERIAL NUMBER:

Neighborhood

  • School District Name: Northwest Independent School District
  • School Tax School District: NORTHWEST ISD
  • School Tax District Code 2: FM FLOOD-LATERA
  • School Tax District Code 3: WCID #1
  • Census Tract: 150606

Geography

  • Assessors Map Reference: AIR MAP: 1417
  • Account Number: 000000762905
  • District: CRH
  • Parcel: R1880.0501.00
  • Block: E
  • Lot: 1
  • Municipality: CITY OF RHOME
  • Latitude: 33.0441
  • Longitude: -97.4377

    Address

  • Full Address: 1306 Speedway Dr
  • Address - House Number: 1306
  • Address - Street Name: Speedway
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Rhome
  • Carrier Code: R004
  • 4-Digit Zip Code: 4843
  • Zip Code: 76078

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,551
  • Tax Rate Code Area: CRH,LTR,SN

    Appraisal Valuation

  • Standard Deviation: 0.2595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 287,614
  • High Value: 362,253
  • Low Value: 212,974

    Market Valuation

  • Market Total Value: $220,678
  • Market Land Value: $71,947
  • Market Improvement Value: $148,731

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,678
  • Assessed Land Value: $71,947
  • Assessed Improvements Value: $148,731

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202108632
  • Previous Sale Recording Date: Sep 01, 2016
  • Previous Sale Contract Date: Aug 11, 2016
  • Previous Sale Amount: $110,400
  • Previous Sale Document Type: 70
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 Rhome

Stats & Trends

Median Asking:

$272,450

Sale Price/ft²

$184

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2313 ft²

Average Home Age

12.9 years

Currently For Sale

7 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: Amy Moody, Keller Williams Realty FtWorth
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14556636
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1306 Speedway Drive built and last sold?
The property at 1306 Speedway Drive was built in 1997 and last sold on May 26, 2021 for $222,900.
How much is this home worth?
The estimated value of the home located at 1306 Speedway Drive is $257,366.
What are some comparable homes to 1306 Speedway Drive?
There are currently no comparable homes to 1306 Speedway Drive.
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