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Midlothian 76065
1381 Rustic Ridge
$680,000
● House - Off Market

1381 Rustic Ridge

Midlothian, TX 76065
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,992 Ft²
$4,497
Est. Monthly
$46
HOA / Fees
2.56%
Cap Rate

About This Property

Like New and Move-In-Ready Custom Home situated within Midlothian ISD. Backup Generac Generator! Multi-Generational Floor plan! 2-Primary Bedrooms! 4-Bedrooms, 3-Full Baths, 1-Office or Formal Dining (You Pick), Oversized Living Room, and Oversized Laundry Room with a Sink. Granite Counters throughout, beautiful Hand Scraped Hardwood Floors everywhere you'd want them, Window Casings throughout, and Plantation Shutters throughout.
Unit Size
2,992 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$234
Property Type
House
Property Taxes
$1,013
HOA Dues
$46
Year Built
2019

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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: 2 years ago (NTREIS #20839490)

Price History

Date / Event Date Event Price
Mar 31, 2025 Sold
Premium
Sold
Mar 1, 2025 In contract -
In contract
Feb 11, 2025 Listed by RE/MAX Associates of Mansfield $700,000
Listed by RE/MAX Associates of Mansfield

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 760
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 3,752
  • Gross Building Area: 3,807
  • Building Area: 2,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,992
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOCKINGBIRD SPRINGS PH 1
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 6 BLK A MOCKINGBIRD SPRINGS PH 1 1.03 AC

Neighborhood

  • School District Name: Midlothian Independent School District
  • Census Tract: 060221

Geography

  • Parcel: 268429
  • Block: A
  • Lot: 6
  • Municipality: MIDLOTHIAN
  • Latitude: 32.4989
  • Longitude: -96.9233

    Address

  • Full Address: 1381 Rustic Rdg
  • Address - House Number: 1381
  • Address - Street Name: Rustic
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Midlothian
  • Carrier Code: R006
  • 4-Digit Zip Code: 1389
  • Zip Code: 76065

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $907,608
  • Tax Rate Code Area: 354

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 63
  • Final Value: 568,554
  • High Value: 715,145
  • Low Value: 421,963

    Market Valuation

  • Market Total Value: $678,329
  • Market Land Value: $150,000
  • Market Improvement Value: $528,329

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $552,353

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 03, 2019
  • Current Sale Recording Date: Jun 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 1915475
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 Midlothian

Stats & Trends

Median Asking:

$467,000

Sale Price/ft²

$190

Below Asking

0.02%

Average Days on Market

75

Average Home Size

2768 ft²

Average Home Age

10.2 years

Currently For Sale

246 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 6218 Cynthia Drive, Midlothian, TX, 76065

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,666 ft²
6218 Cynthia Drive, Midlothian, TX, 76065 Listing by Cody Creamer

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Brandon Stewart, RE/MAX Associates of Mansfield
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20839490
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1381 Rustic Ridge built and last sold?
The property at 1381 Rustic Ridge was built in 2019 and last sold on Jun 3, 2019 for $459,000.
How much is this home worth?
The estimated value of the home located at 1381 Rustic Ridge is $700,655.
What are some comparable homes to 1381 Rustic Ridge?
There are currently no comparable homes to 1381 Rustic Ridge.
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