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Azle 76020 Oak Harbor Estates
1646 Spinnaker Lane
$492,000
● House - Off Market

1646 Spinnaker Lane

Azle, TX 76020
bedrooms
5 Beds
bathrooms
0 Bath
square feet
3,039 Ft²
$3,348
Est. Monthly
$23
HOA / Fees
5.29%
Cap Rate

About This Property

Nestled in the Oak Harbor community on Eagle Mountain Lake, this Azle residence is 3,039 sqft with 5 bedrooms, 3 full baths, 2 dining areas and 2 living spaces. Upon entry, the neutral toned tile flooring seamlessly connects the main areas downstairs. Large windows allow natural light to flood the interior, enhancing the warm inviting feel. The kitchen features solid wood cabinets, a double oven, and a gas stove top, ideal for cooking enthusiasts. Positioned in a sought-after location, this property includes a backyard pool and access to the lake in the common area, ensuring tons of entertainment opportunities. Azle retains its charming small-town character while providing convenient proximity to Fort Worth, Weatherford, and other urban areas. Seller is eager and open to offers.
Unit Size
3,039 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$162
Property Type
House
Property Taxes
$909
HOA Dues
$23
Year Built
1999

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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: 3 years ago (NTREIS #20563125)

Price History

Date / Event Date Event Price
Jul 3, 2024 Sold
Premium
Sold
Jun 10, 2024 In contract -
In contract
May 17, 2024 Price Decreased $492,000
↓ $5K (1%)
Price Decreased
May 7, 2024 Price Decreased $497,000
↓ $2K (0.4%)
Price Decreased
Mar 22, 2024 Listed by League Real Estate $499,000
Listed by League Real Estate
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 2,962
  • Gross Building Area: 2,962
  • Building Area: 2,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,962
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK HARBOR ESTATES ADDITION
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: OAK HARBOR ESTATES ADDITION BLOCK 4 LOT 4

Neighborhood

  • School District Name: Azle Independent School District
  • School Tax School District: AZLE
  • Census Tract: 114204

Geography

  • Assessors Map Reference: 29-D
  • Account Number: 06009530
  • District: 001
  • Parcel: 06009530
  • Block: 4
  • Lot: 4
  • Municipality: AZLE
  • Latitude: 32.8994
  • Longitude: -97.5187

    Address

  • Full Address: 1646 Spinnaker Ln
  • Address - House Number: 1646
  • Address - Street Name: Spinnaker
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Azle
  • Carrier Code: C001
  • 4-Digit Zip Code: 4949
  • Zip Code: 76020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $967,559
  • Tax Rate Code Area: 915

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 492,917
  • High Value: 598,346
  • Low Value: 387,488

    Market Valuation

  • Market Total Value: $514,026
  • Market Land Value: $85,000
  • Market Improvement Value: $429,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $514,026
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $429,026

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2022
  • Current Sale Recording Date: Feb 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 48374
  • Previous Sale Recording Date: Aug 18, 2003
  • Previous Sale Contract Date: Aug 05, 2003
  • Previous Sale Amount: $450,000
  • 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 Oak Harbor Estates

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

81

Average Home Size

2626 ft²

Average Home Age

31.6 years

Currently For Sale

5 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 359 Leeward Circle, Azle, TX, 76020

$3,400 /mo

  • 3 Beds
  • 2 Baths
  • 2,298 ft²
359 Leeward Circle, Azle, TX, 76020 Listing by Brenda Lawless

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Holli Harrison, League Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20563125
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1646 Spinnaker Lane built and last sold?
The property at 1646 Spinnaker Lane was built in 1999 and last sold on Feb 22, 2022 for $437,500.
How much is this home worth?
The estimated value of the home located at 1646 Spinnaker Lane is $0.
What are some comparable homes to 1646 Spinnaker Lane?
There are currently no comparable homes to 1646 Spinnaker Lane.
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