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Parker 76008
138 The Lakes Drive
$705,000
● House - Off Market

138 The Lakes Drive

Aledo, TX 76008
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
4,120 Ft²
$1,060,432
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Stunning home in the highly sought after Lakes of Aledo. Situated on a 2.4 acre lake front lot, this 4 bedroom 4.5 bathroom home is absolutely immaculate. Step inside and immediately be greeted by the open floor plan, featuring a large wall of windows with resort like views of the pool and lake. The chef's kitchen boasts a commercial size Wolf gas cooktop, double ovens and Sub Zero fridge. The well situated downstairs master bedroom has a large bathroom with dual vanities, soaking tub, walk in shower and extensive closet. Another bed and ensuite bath downstairs and two additional beds each with own bath upstairs. The large upstairs second living room features a private balcony overlooking the pool and lake.
Unit Size
4,120 Ft²
Days on Market
-
Land Size
2.41 acres
Price per sqft
$176
Property Type
House
Property Taxes
$1,004
HOA Dues
$50
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 #14156141)

Price History

Date / Event Date Event Price
Dec 19, 2019 Sold
Premium
Sold
Aug 7, 2019 Listed by Williams Trew Real Estate $725,000
Listed by Williams Trew Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 884
  • Parking Space Count: 4
  • Patio Type: 60
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 104,980
  • Total Building Area: 4,834
  • Gross Building Area: 4,834
  • Building Area: 3,950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,950
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE LAKES OF ALEDO
  • Land Acres: 0000002410
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 2.410 LOT: 18 SUBD: THE LAKES OF ALEDO

Neighborhood

  • School District Name: Aledo Independent School District
  • School Tax School District: ALEDO ISD
  • Census Tract: 140709

Geography

  • Assessors Map Reference: 523-W
  • Parcel: R000089491
  • Block: 1
  • Lot: 18
  • Municipality: ALEDO
  • Latitude: 32.7081
  • Longitude: -97.6634

    Address

  • Full Address: 138 The Lakes Dr
  • Address - House Number: 138
  • Address - Street Name: The Lakes
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Aledo
  • Carrier Code: R017
  • 4-Digit Zip Code: 3800
  • Zip Code: 76008

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,204,361
  • Tax Rate Code Area: COL LTR

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 1,039,176
  • High Value: 1,316,275
  • Low Value: 762,076

    Market Valuation

  • Market Total Value: $1,230,820
  • Market Land Value: $192,800
  • Market Improvement Value: $1,038,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,230,820
  • Assessed Land Value: $192,800
  • Assessed Improvements Value: $1,038,020

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202000002
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Contract Date: May 27, 2016
  • 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 Parker

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$216

Below Asking

0.03%

Average Days on Market

77

Average Home Size

2501 ft²

Average Home Age

-

Currently For Sale

1180 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: Jennifer Holland, Williams Trew Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14156141
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 138 The Lakes Drive built and last sold?
The property at 138 The Lakes Drive was built in 2007 and last sold on Dec 19, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 138 The Lakes Drive is $0.
What are some comparable homes to 138 The Lakes Drive?
There are currently no comparable homes to 138 The Lakes Drive.
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