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Lantana 76226 Larkspur
1341 Burnett Drive
$345,000
● House - Off Market

1341 Burnett Drive

Lantana, TX 76226
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,127 Ft²
$472,559
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Beautifully updated One Story Built by Highland Homes
Unit Size
2,127 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$162
Property Type
House
Property Taxes
$617
HOA Dues
$121
Year Built
2007

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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 #14391574)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Jul 20, 2020 Listed by Keller Williams Realty-FM $345,000
Listed by Keller Williams Realty-FM

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,458
  • Total Building Area: 2,547
  • Gross Building Area: 2,547
  • Building Area: 2,127
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,127
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE LANTANA PH 2
  • Land Acres: 0000000125
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HERITAGE LANTANA PH 2 BLK 36A LOT 64

Neighborhood

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

Geography

  • Parcel: R263417
  • Block: 36A
  • Lot: 64
  • Municipality: LANTANA
  • Latitude: 33.1034
  • Longitude: -97.1156

    Address

  • Full Address: 1341 Burnett Dr
  • Address - House Number: 1341
  • Address - Street Name: Burnett
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Lantana
  • Carrier Code: R006
  • 4-Digit Zip Code: 6552
  • Zip Code: 76226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $758,654
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: W13

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 504,710
  • High Value: 605,481
  • Low Value: 403,939

    Market Valuation

  • Market Total Value: $476,606
  • Market Land Value: $87,328
  • Market Improvement Value: $389,278

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,748
  • Assessed Land Value: $87,328
  • Assessed Improvements Value: $389,278

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 17, 2020
  • Current Sale Recording Date: Aug 18, 2020
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-124167
  • Previous Sale Recording Date: Apr 02, 2018
  • Previous Sale Contract Date: Mar 29, 2018
  • Previous Sale Amount: $318,400
  • 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 Larkspur

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$191

Below Asking

0.01%

Average Days on Market

55

Average Home Size

3041 ft²

Average Home Age

22.2 years

Currently For Sale

12 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 341 Granger Circle, Argyle, TX, 76226

$2,595 /mo

  • 3 Beds
  • 2 Baths
  • 2,140 ft²
341 Granger Circle, Argyle, TX, 76226 Listing by Gabriel Falcon

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Brian Carr, Keller Williams Realty-FM
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14391574
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1341 Burnett Drive built and last sold?
The property at 1341 Burnett Drive was built in 2007 and last sold on Aug 17, 2020 for $0.
How much is this home worth?
The estimated value of the home located at 1341 Burnett Drive is $0.
What are some comparable homes to 1341 Burnett Drive?
There are currently no comparable homes to 1341 Burnett Drive.
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