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Midlothian 76065
1509 Park Meadow Drive
$350,000
● House - Off Market

1509 Park Meadow Drive

Midlothian, TX 76065
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,860 Ft²
$2,299
Est. Monthly
$23
HOA / Fees
5.18%
Cap Rate

About This Property

Welcome to this sophisticated brick and stone Bungalow! This 3Br and 2bath charm perfectly backs up to a greenbelt. Upon entry, you're greeted by gorgeous wood flooring, soaring ceilings, and curved archways. Interior is an entertainer's haven! The bright living area seamlessly flows to the timeless dining and kitchen with SS appliances and granite countertops. Expansive primary suite boasts Ensuite bath with dual sinks, garden tub, and separate shower. Enjoy your morning coffee or unwind through the evening breeze from your covered patio. Oversized backyard offers additional space for gatherings and landscape opportunities.
Unit Size
1,860 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$188
Property Type
House
Property Taxes
$557
HOA Dues
$23
Year Built
2016

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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 #20483792)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Nov 28, 2023 Listed by EXP REALTY $350,000
Listed by EXP REALTY

Property Highlights

Air Conditioning
Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,146
  • Total Building Area: 2,300
  • Gross Building Area: 2,412
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKSIDE ESTATES
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 20 BLK 3 PARKSIDE ESTATES .187 AC

Neighborhood

  • School District Name: Midlothian Independent School District
  • Census Tract: 060702

Geography

  • Parcel: 261671
  • Block: 3
  • Lot: 20
  • Municipality: MIDLOTHIAN
  • Latitude: 32.4991
  • Longitude: -96.9548

    Address

  • Full Address: 1509 Park Meadow Dr
  • Address - House Number: 1509
  • Address - Street Name: Park Meadow
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Midlothian
  • Carrier Code: R006
  • 4-Digit Zip Code: 2229
  • Zip Code: 76065

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $513,314
  • Tax Rate Code Area: 354

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 351,562
  • High Value: 410,182
  • Low Value: 292,942

    Market Valuation

  • Market Total Value: $408,845
  • Market Land Value: $87,500
  • Market Improvement Value: $321,345

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,471

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Jan 24, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2128
  • Previous Sale Recording Date: Oct 26, 2016
  • Previous Sale Contract Date: Oct 21, 2016
  • Previous Sale Amount: $270,100
  • 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 Midlothian

Stats & Trends

Median Asking:

$469,175

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2799 ft²

Average Home Age

10.6 years

Currently For Sale

252 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 917 Park Place Boulevard, Midlothian, TX, 76065

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,076 ft²
917 Park Place Boulevard, Midlothian, TX, 76065 Listing by Lauren Steelman
Unit for rent at 3226 Eagle Lane, Midlothian, TX, 76065

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,499 ft²
3226 Eagle Lane, Midlothian, TX, 76065 Listing by Raymond Rush

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Brad Benat, EXP REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20483792
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1509 Park Meadow Drive built and last sold?
The property at 1509 Park Meadow Drive was built in 2016 and last sold on Dec 20, 2023 for $347,096.
How much is this home worth?
The estimated value of the home located at 1509 Park Meadow Drive is $0.
What are some comparable homes to 1509 Park Meadow Drive?
There are currently no comparable homes to 1509 Park Meadow Drive.
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