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Stephenville 76401
1391 Lockwood Street
$189,000
● House - Off Market

1391 Lockwood Street

Stephenville, TX 76401
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,171 Ft²
$197,480
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

This charming brick home is located in a well established neighborhood on a corner lot with lots of room. Very neat and clean home that is move in ready. It has spacious bedrooms, open concept with eat in kitchen, updated countertops, cabinets, vinyl plank flooring and updates in the bathroom. It sits on a large corner lot with fenced backyard, large mature trees, covered patio, extra parking for RV or boat. It has a separate storage building great for lawn equipment and a workshop that has electricity and a half bath that could be finished out for an extra living space.
Unit Size
1,171 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$161
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1975

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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 #20244668)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Jan 23, 2023 Listed by Ebby Halliday Realtors $189,000
Listed by Ebby Halliday Realtors

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • 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: 252
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,718
  • Total Building Area: 1,171
  • Gross Building Area: 1,171
  • Building Area: 1,171
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,171
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOCKWOOD ADD
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: S4900 LOCKWOOD ADDITION;, BLOCK 3;, LOT 14

Neighborhood

  • School District Name: Stephenville Independent School District
  • School Tax School District: STEPHENVILLE SD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: STEPHENVILLE
  • Census Tract: 950600

Geography

  • Account Number: R.4900.00361.00.0
  • Parcel: R000032443
  • Block: 3
  • Lot: 14
  • Municipality: STEPHENVILLE
  • Latitude: 32.2047
  • Longitude: -98.207

    Address

  • Full Address: 1391 Lockwood St
  • Address - House Number: 1391
  • Address - Street Name: Lockwood
  • Address - Suffix Type: St
  • State: TX
  • City Name: Stephenville
  • Carrier Code: R005
  • 4-Digit Zip Code: 5115
  • Zip Code: 76401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $239,268
  • Tax Rate Code Area: 72 102 903

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 125,583
  • High Value: 183,134
  • Low Value: 68,031

    Market Valuation

  • Market Total Value: $190,810
  • Market Land Value: $40,000
  • Market Improvement Value: $150,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,810
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $150,810

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1060
  • Previous Sale Recording Date: Dec 19, 2018
  • Previous Sale Contract Date: Dec 19, 2018
  • Previous Sale Amount: $157,800
  • 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 Stephenville

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$186

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1857 ft²

Average Home Age

49.3 years

Currently For Sale

91 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 670 W Oak Street, Stephenville, TX, 76401

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 858 ft²
670 W Oak Street, Stephenville, TX, 76401 Listing by Joleen Skipworth
Unit for rent at 305 East Road, Stephenville, TX, 76401

$1,400 /mo

  • 2 Beds
  • 1 Bath
  • 971 ft²
305 East Road, Stephenville, TX, 76401 Listing by Lindsay Black

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Katie Burr, Ebby Halliday Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20244668
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1391 Lockwood Drive built and last sold?
The property at 1391 Lockwood Drive was built in 1975 and last sold on Feb 27, 2023 for $253,908.
How much is this home worth?
The estimated value of the home located at 1391 Lockwood Drive is $198,589.
What are some comparable homes to 1391 Lockwood Drive?
There are currently no comparable homes to 1391 Lockwood Drive.
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