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Kaufman 75126 Lakehurst Meadows
15923 E County Road 221
$590,000
● House - Off Market

15923 E County Road 221

Forney, TX 75126
bedrooms
6 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,350 Ft²
$587,611
RealtyHop Estimate
-1.90%
Since Jul 1, 2023
TX-Dallas
Primary Model

About This Property

Back on the market. This home is in great condition. New roof and patio 2022 as well as many other upgrades.. Must see this great property! Under 2 roofs and sits on 1.3 acres. No HOA and is outside the city limits but close to shopping, schools etc.. The main dwelling is 4 bedrooms, 2.5 bath with a detached guest house. The guesthouse is approximately 1200 Sq. Ft. and includes 2 bedrooms, full kitchen, 1 full bath and washer & dryer hook ups. The air conditioned garage attached to guesthouse may be be used for storage or as a workshop. Attached to guesthouse is a covered space for ATV. The covered outdoor patio and pergola offer a great entertainment area. The Schools and measurements are approximate and will need to be verified by buyer and buyer agent.
Unit Size
2,350 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$255
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1996

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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 #20114056)

Price History

Date / Event Date Event Price
Jun 12, 2023 Sold
Premium
Sold
Jul 15, 2022 Listed by CB&A, Realtors $599,000
Listed by CB&A, Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 591
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,976
  • Total Building Area: 5,341
  • Gross Building Area: 5,788
  • Building Area: 3,550
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RUTH PECKUM
  • Land Acres: 0000001308
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: R PECKUM REF# MR000045020

Neighborhood

  • School District Name: Forney Independent School District
  • Census Tract: 050210

Geography

  • Assessors Map Reference: 344-H
  • Parcel: 11087
  • Municipality: FORNEY
  • Latitude: 32.7906
  • Longitude: -96.4158

    Address

  • Full Address: 15923 County Road 221
  • Address - House Number: 15923
  • Address - Street Name: County Road 221
  • State: TX
  • City Name: Forney
  • Carrier Code: R005
  • 4-Digit Zip Code: 5623
  • Zip Code: 75126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $602,281
  • Tax Rate Code Area: SF

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 80
  • Final Value: 595,240
  • High Value: 689,097
  • Low Value: 501,384

    Market Valuation

  • Market Total Value: $460,484
  • Market Land Value: $100,000
  • Market Improvement Value: $360,484

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $363,553

    Sales

  • Current Sale Contract Date: Jun 12, 2023
  • Current Sale Recording Date: Jun 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16245
  • Previous Sale Recording Date: Feb 16, 2018
  • Previous Sale Contract Date: Dec 22, 2017
  • 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 Lakehurst Meadows

Stats & Trends

Median Asking:

$594,000

Sale Price/ft²

$223

Below Asking

0.04%

Average Days on Market

82

Average Home Size

3597 ft²

Average Home Age

26.8 years

Currently For Sale

4 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 1133 Barrix Drive, Forney, TX, 75126

$4,000 /mo

  • 5 Beds
  • 3 Baths
  • 2,950 ft²
1133 Barrix Drive, Forney, TX, 75126 Listing by Brandie Scales
Unit for rent at 1600 Lynx Loop, Forney, TX, 75126

$4,450 /mo

  • 4 Beds
  • 4 Baths
  • 3,352 ft²
1600 Lynx Loop, Forney, TX, 75126 Listing by Ashley Lusk

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Erin Hoffman, CB&A, Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20114056
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 15923 County Rd 221 built and last sold?
The property at 15923 County Rd 221 was built in 1996 and last sold on Jun 12, 2023 for $706,230.
How much is this home worth?
The estimated value of the home located at 15923 County Rd 221 is $0.
What are some comparable homes to 15923 County Rd 221?
There are currently no comparable homes to 15923 County Rd 221.
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