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Wise 76078
154 Ridge Trail
$285,000
● Mobile Manufactured - Off Market

154 Ridge Trail

Rhome, TX 76078
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,128 Ft²
$342,194
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Nicely updated 4 Bedroom 2 bath mobile home sitting on 6+ acres. Open concept with plenty of space for the family. Updates include granite countertops, stainless steel appliances, subway tile backsplash, new flooring throughout house, tile showers and so much more.  A 40 x 30 shop makes this ideal for those who have lots of belongings to store or for those who operate a business and want to park their equipment. Come take a look before it's too late!
Unit Size
2,128 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$154
Property Type
Mobile Manufactured
Property Taxes
$265
HOA Dues
-
Year Built
1999

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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 #20177952)

Price History

Date / Event Date Event Price
Feb 17, 2023 Sold
Premium
Sold
Oct 3, 2022 Listed by Indwell $327,500
Listed by Indwell

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 89,734
  • Total Building Area: 2,128
  • Gross Building Area: 2,128
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A-861 AJ WALKER
  • Land Acres: 0000002060
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: A-861 AJ WALKER 2.06 ACRES COYOTE RIDGE UNREC LOT 70 COYOTE RIDGE UNREC LOT 70 MANUFACTURER: AMER HOMESTAR SERIAL NUMBER: SE

Neighborhood

  • School District Name: Decatur Independent School District
  • School Tax School District: DECATUR ISD
  • School Tax District Code 2: FM FLOOD-LATERA
  • School Tax District Code 3: WCID #1
  • Census Tract: 150607

Geography

  • Assessors Map Reference: AIR MAP: 1313
  • Account Number: 000000773820
  • Parcel: A0861.0002.43
  • Lot: 70
  • Municipality: RHOME
  • Latitude: 33.1471
  • Longitude: -97.4669

    Address

  • Full Address: 154 Ridge Trl
  • Address - House Number: 154
  • Address - Street Name: Ridge
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Rhome
  • Carrier Code: R001
  • 4-Digit Zip Code: 2642
  • Zip Code: 76078

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $341,759
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.2441
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 316,501
  • High Value: 393,762
  • Low Value: 239,239

    Market Valuation

  • Market Total Value: $282,889
  • Market Land Value: $103,967
  • Market Improvement Value: $178,922

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,889
  • Assessed Land Value: $103,967
  • Assessed Improvements Value: $178,922

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3631
  • Previous Sale Recording Date: Aug 02, 2022
  • Previous Sale Contract Date: Aug 01, 2022
  • Previous Sale Document Type: 27
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 Wise

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$197

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2461 ft²

Average Home Age

4 years

Currently For Sale

544 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

Rentals Near You

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NTREIS

Listed by: Richard Gonzales, Indwell
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20177952
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 154 Ridge Trail built and last sold?
The property at 154 Ridge Trail was built in 1999 and last sold on Mar 21, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 154 Ridge Trail is $0.
What are some comparable homes to 154 Ridge Trail?
There are currently no comparable homes to 154 Ridge Trail.
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