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Erath
1480 Compass Way
$340,000
● House - Off Market

1480 Compass Way

Bluff Dale, TX 76433
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,142 Ft²
$2,047
Est. Monthly
$25
HOA / Fees
7.09%
Cap Rate

About This Property

Wooded and secluded 3 bedroom, 2 bath home on 5 acres. house has approximately 1,700 sq. ft. central heat and air, ceiling fans . fireplace, granite counter tops, laminate flooring and carpet, covered porch and wood deck. house was built in 2004, also has 1200 sq. ft. shop with concrete floos and overhead doors.
Unit Size
2,142 Ft²
Days on Market
-
Land Size
5.01 acres
Price per sqft
$163
Property Type
House
Property Taxes
$304
HOA Dues
$25
Year Built
2004

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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 #20578244)

Price History

Date / Event Date Event Price
Jun 18, 2024 Sold
Premium
Sold
May 12, 2024 In contract -
In contract
Apr 3, 2024 Listed by Tootie Kelly Real Estate $350,000
Listed by Tootie Kelly Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,236
  • Total Building Area: 1,701
  • Gross Building Area: 1,701
  • Building Area: 1,701
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,701
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNTAIN LAKES
  • Land Acres: 0000005010
  • Standard Land Use Code: 1008
  • County Land Use Code: E
  • Legal Description 1: S6755 MOUNTAIN LAKES, SECTION ONE, TRACT 41

Neighborhood

  • School District Name: Stephenville Independent School District (9-12) in Bluff Dale
  • School Tax School District: BLUFF DALE ISD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: MIDDLE TRINITY
  • Census Tract: 950100

Geography

  • Account Number: R.6755.00410.00.0
  • Section: 1
  • Subdivision Tract Number: 41
  • Parcel: R000066759
  • Municipality: BLUFF DALE
  • Latitude: 32.3344
  • Longitude: -98.0272

    Address

  • Full Address: 1480 Compass Way
  • Address - House Number: 1480
  • Address - Street Name: Compass
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Bluff Dale
  • Carrier Code: R001
  • 4-Digit Zip Code: 4220
  • Zip Code: 76433

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $100,072
  • Tax Rate Code Area: 72 904 MTD

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 424,091
  • High Value: 515,946
  • Low Value: 332,236

    Market Valuation

  • Market Total Value: $342,260
  • Market Land Value: $80,160
  • Market Improvement Value: $262,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,260
  • Assessed Land Value: $80,160
  • Assessed Improvements Value: $262,100

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 6913
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 Erath

Stats & Trends

Median Asking:

$369,000

Sale Price/ft²

$208

Below Asking

0.03%

Average Days on Market

71

Average Home Size

2083 ft²

Average Home Age

5.3 years

Currently For Sale

244 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: Tootie Kelly, Tootie Kelly Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20578244
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1480 Compass Way built and last sold?
The property at 1480 Compass Way was built in 2004 and last sold on Dec 19, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 1480 Compass Way is $0.
What are some comparable homes to 1480 Compass Way?
There are currently no comparable homes to 1480 Compass Way.
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