$665,000
●
House -
Off Market
1652 N Munson Road
Royse City, TX 75189
5 Beds
4 Baths
4,700 Ft²
$889,155
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Beautiful recently renovated custom built 15 room 2 story home on
10 acre hill top with gorgeous views of surrounding country side.
Unobstructed sunrise and sunset views. Small pond with island and
bridge at front of property. Black pipe and cable fencing along
front and east side of property, and also around house compound.
500 ft tree lined driveway and custom entrance gate. Property is
part of a working ranch and has very low taxes due to Ag exempt
classification. 15 minutes to Rockwall and 10 minutes from Royse
City conveniences. You cannot beat the combination of price,
location, and serenity.
Unit Size
4,700 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$149
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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: 6 months ago (NTREIS #14320669)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Price Decreased |
$849,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Sep 10, 2024 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
| Price Decreased | |||
| Aug 13, 2024 | Listed by Coldwell Banker Apex, REALTORS | $950,000 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| | |||
|
Priced BELOW assessed value! Discover country living in ROCKWALL COUNTY in this beautiful 5-bedroom, 3.5-bathroom home situated on 10 AG EXEMPT acres, ideal for livestock or equestrian use. Step inside to an OPEN floor plan that impresses with elegant staircases, expansive living areas, and a striking see-through fireplace that adds warmth and charm. The spacious kitchen features a stovetop and indoor grill. The master suite is a true retreat, complete with a private fireplace, luxurious soaking tub, and a dual separate shower and granites dual sink countertops. This home also offers practical amenities, including a second staircase accessible from the utility and mudroom. Outside, the property is a rural paradise. A serene POND with an island provides a picturesque focal point, while the loafing shed, pipe fencing, and cattle guards ensure your livestock are safe. The four-car RV carport and workshop with electricity. The land is cross-fenced and ready for your agricultural needs.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rockwall
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Listed by: Lynnette Nichols, The Michael Group
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14320669
Details provided by NTREIS and may not match the public record
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14320669
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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