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Parker 76088
138 Mc Kay Lane
$475,000
● House - Off Market

138 Mc Kay Lane

Weatherford, TX 76088
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,944 Ft²
$529,659
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

You'll LOVE this beautiful home in the country situated on 1 acre in the Mc Kay Meadows neighborhood. Inside, this home offers 4 bedrooms, 2 bathrooms, 2 living areas (1 is currently used as a media room), 2 dining areas, and a kitchen that any chef would love! The outside oasis is perfect for entertaining complete with a pool and covered patio bar! If all that isn't already perfect, there is also a 30x40 insulated shop with electric! Won't last long!
Unit Size
1,944 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$244
Property Type
House
Property Taxes
$507
HOA Dues
-
Year Built
2006

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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 #14689317)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Oct 12, 2021 Listed by HBS Real Estate $475,000
Listed by HBS Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 506
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,450
  • Gross Building Area: 2,450
  • Building Area: 1,944
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,944
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCKAY MEADOWS
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 1.000 LOT: 11 BLK: 1 SUBD: MCKAY MEADOWS

Neighborhood

  • School District Name: Weatherford Independent School District
  • School Tax School District: JR COLLEGE DIST
  • Census Tract: 140503

Geography

  • Assessors Map Reference: 472-A
  • Parcel: R000080304
  • Block: 1
  • Lot: 11
  • Municipality: WEATHERFORD
  • Latitude: 32.844
  • Longitude: -97.7731

    Address

  • Full Address: 138 Mc Kay Ln
  • Address - House Number: 138
  • Address - Street Name: Mc Kay
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Weatherford
  • Carrier Code: R045
  • 4-Digit Zip Code: 4900
  • Zip Code: 76088

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $721,320
  • Tax Rate Code Area: LTR WE

    Appraisal Valuation

  • Standard Deviation: 0.2452
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 65
  • Final Value: 495,306
  • High Value: 616,777
  • Low Value: 373,835

    Market Valuation

  • Market Total Value: $444,730
  • Market Land Value: $75,000
  • Market Improvement Value: $369,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $444,730
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $369,730

    Sales

  • Current Sale Contract Date: Nov 24, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202146468
  • Previous Sale Recording Date: Jun 11, 2013
  • Previous Sale Contract Date: Jun 07, 2013
  • Previous Sale Amount: $232,100
  • 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 Parker

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$216

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2500 ft²

Average Home Age

-

Currently For Sale

1214 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: Kali Jones, HBS Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14689317
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 138 Mc Kay Lane built and last sold?
The property at 138 Mc Kay Lane was built in 2006 and last sold on Nov 24, 2021 for $444,600.
How much is this home worth?
The estimated value of the home located at 138 Mc Kay Lane is $0.
What are some comparable homes to 138 Mc Kay Lane?
There are currently no comparable homes to 138 Mc Kay Lane.
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