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Henderson 75148
14351 Melody Lane
$934,000
● House - Off Market

14351 Melody Lane

Malakoff, TX 75148
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,194 Ft²
$1,128,779
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Amazing single story, waterfront property for any size family on two lots, with over 125 feet of open view shoreline!  The main house offers open concept with fabulous water views from the oversize kitchen and living areas, large master suite and bath with water views, guest bedroom with full bath, second guest room used as a study with murphy bed and fourth guest bedroom currently being used as a media room.  Amazing 425 square foot detached guest casita has tons of space for both work and play!  Wanting an investment rental property?  Your family and guests will enjoy the water views and depth, plus the serenity of the large covered back porches, both on the main house and detached casita.
Unit Size
3,194 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$297
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

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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: 5 months ago (NTREIS #14535102)

Price History

Date / Event Date Event Price
May 3, 2021 Sold
Premium
Sold
Mar 18, 2021 Listed by TX Lake & Land Real Estate $949,000
Listed by TX Lake & Land Real Estate
Amazing single story, waterfront property for any size family on two lots, with over 125 feet of open view shoreline! The main house offers open concept with fabulous water views from the oversize kitchen and living areas, large master suite and bath with water views, guest bedroom with full bath, second guest room used as a study with murphy bed and fourth guest bedroom currently being used as a media room. Amazing 425 square foot detached guest casita has tons of space for both work and play! Wanting an investment rental property? Your family and guests will enjoy the water views and depth, plus the serenity of the large covered back porches, both on the main house and detached casita.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 10
  • Garage Square Area: 900
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,572
  • Total Building Area: 2,711
  • Building Area: 2,711
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,711
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADRIAN'S ACRES (35)
  • Land Acres: 0000000610
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LTS 2 & 2A AB 133 T CARO SUR, ADRIANS ACRES ADDN, LTS 2 & 2A

Neighborhood

  • School District Name: Eustace Independent School District
  • School Tax School District: EUSTACE ISD
  • Census Tract: 951102

Geography

  • Assessors Map Reference: 27X
  • Account Number: R000024623
  • Parcel: 2010-0000-0020-30
  • Lot: 2,2A
  • Municipality: MALAKOFF
  • Latitude: 32.2415
  • Longitude: -96.0136

    Address

  • Full Address: 14351 Melody Ln
  • Address - House Number: 14351
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Malakoff
  • Carrier Code: R001
  • 4-Digit Zip Code: 4151
  • Zip Code: 75148

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,338,545
  • Tax Rate Code Area: EU,HC,HE,H

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 766,548
  • High Value: 1,114,312
  • Low Value: 418,783

    Market Valuation

  • Market Total Value: $925,827
  • Market Land Value: $420,000
  • Market Improvement Value: $505,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $925,827
  • Assessed Land Value: $420,000
  • Assessed Improvements Value: $505,827

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-00008458
  • Previous Sale Recording Date: Mar 24, 2015
  • Previous Sale Contract Date: Mar 01, 2015
  • 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 Henderson

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$186

Below Asking

0.04%

Average Days on Market

96

Average Home Size

2099 ft²

Average Home Age

-

Currently For Sale

691 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 224 Pinoak Drive, Mabank, TX, 75156

$2,450 /mo

  • 2 Beds
  • 2 Baths
  • 1,188 ft²
224 Pinoak Drive, Mabank, TX, 75156 Listing by Bryan Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Courtney Dickens, TX Lake & Land Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14535102
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 14351 Melody Lane built and last sold?
The property at 14351 Melody Lane was built in 2005 and last sold on May 3, 2021 for $1,167,500.
How much is this home worth?
The estimated value of the home located at 14351 Melody Lane is $977,330.
What are some comparable homes to 14351 Melody Lane?
There are currently no comparable homes to 14351 Melody Lane.
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