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Southlake 76092
1401 Mccrae Trail
$933,000
● House - Off Market

1401 Mccrae Trail

Southlake, TX 76092
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3,333 Ft²
$934,617
RealtyHop Estimate
-1.61%
Since Sep 1, 2023
TX-Dallas
Primary Model

About This Property

Beautiful home in highly sought-after Lonesome Dove Estates. This home has amazing indoor and outdoor spaces for family living and easy entertaining. The spacious kitchen boasts an oversized island that accommodates multiple seating options.  Impressive brick accents give the home that custom feel.  The NEWLY remodel Master Shower is simply stunning!  Outdoor living space provides a large covered area with access to the pool. Additional dining and plenty of yard space for outdoor play. Second floor features 2 bedrooms and a large game room.  Do not miss out on this great opportunity in Carroll ISD!! Book your appointment today!!
Unit Size
3,333 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$285
Property Type
House
Property Taxes
$1,301
HOA Dues
$25
Year Built
1997

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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 #20335970)

Price History

Date / Event Date Event Price
Aug 16, 2023 Sold
Premium
Sold
May 23, 2023 Listed by Clayton & Clayton $949,900
Listed by Clayton & Clayton

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 663
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 18,705
  • Total Building Area: 3,333
  • Gross Building Area: 3,333
  • Building Area: 3,333
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,333
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONESOME DOVE ESTATES-SOUTHLKE
  • Land Acres: 0000000429
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: LONESOME DOVE ESTATES-SOUTHLKE BLOCK 2 LOT 35

Neighborhood

  • School District Name: Carroll Independent School District
  • School Tax School District: CARROLL
  • Census Tract: 113955

Geography

  • Assessors Map Reference: 12-Q
  • Account Number: 06923003
  • District: 022
  • Parcel: 06923003
  • Block: 2
  • Lot: 35
  • Municipality: SOUTHLAKE
  • Latitude: 32.9774
  • Longitude: -97.1274

    Address

  • Full Address: 1401 Mccrae Trl
  • Address - House Number: 1401
  • Address - Street Name: Mccrae
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Southlake
  • Carrier Code: R010
  • 4-Digit Zip Code: 3251
  • Zip Code: 76092

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,267,847
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 919

    Appraisal Valuation

  • Standard Deviation: 0.2118
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 938,954
  • High Value: 1,137,884
  • Low Value: 740,023

    Market Valuation

  • Market Total Value: $874,700
  • Market Land Value: $322,050
  • Market Improvement Value: $552,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $874,700
  • Assessed Land Value: $322,050
  • Assessed Improvements Value: $552,650

    Sales

  • Current Sale Contract Date: Jul 18, 2023
  • Current Sale Recording Date: Aug 17, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 147763
  • Previous Sale Recording Date: May 01, 2002
  • Previous Sale Contract Date: Apr 29, 2002
  • Previous Sale Amount: $387,500
  • 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 Southlake

Stats & Trends

Median Asking:

$1,496,500

Sale Price/ft²

$379

Below Asking

0.02%

Average Days on Market

53

Average Home Size

5428 ft²

Average Home Age

20.8 years

Currently For Sale

106 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 2921 Silvercrest Lane, Grapevine, TX, 76051

$3,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,429 ft²
2921 Silvercrest Lane, Grapevine, TX, 76051 Listing by Janice Ballard

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Robert Clayton, Clayton & Clayton
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20335970
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1401 McCrae Trail built and last sold?
The property at 1401 McCrae Trail was built in 1997 and last sold on Jul 18, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 1401 McCrae Trail is $0.
What are some comparable homes to 1401 McCrae Trail?
There are currently no comparable homes to 1401 McCrae Trail.
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