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Parker 76088
166 W Ranch Lane
$399,000
● House - Off Market

166 W Ranch Lane

Weatherford, TX 76088
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,113 Ft²
$427,969
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

4 BEDROOMS ON 2.24 AC WITH TREES ~ ENJOY YOUR OWN PIECE OF LAND SO CONVENIENT TO WEATHERFORD & ACCESS TO I-20! This rock-brick home offers much for the family.  Room for the kids to play and watch wildlife on the property. Enjoy your morning coffee on the deck and enjoy the trees. This flexible plan has split layout with 2 liv and 2 dining, nice kitchen with serving bar, pantry, desk, many cabinets. Master bedroom is spacious as well as the guest bath. Den with pretty corner wood burning fireplace. Lots of windows on the back with fenced yard area for the kids and pets. Space to park your RV or trailer. Great West side location close to schools and access to Fort Worth
Unit Size
2,113 Ft²
Days on Market
-
Land Size
2.24 acres
Price per sqft
$194
Property Type
House
Property Taxes
$458
HOA Dues
-
Year Built
2003

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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 #20112759)

Price History

Date / Event Date Event Price
Oct 11, 2022 Sold
Premium
Sold
Jul 28, 2022 Listed by The Cates Group $409,000
Listed by The Cates Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 97,574
  • Total Building Area: 2,554
  • Gross Building Area: 2,554
  • Building Area: 2,113
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,113
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST RANCH ESTATES
  • Land Acres: 0000002240
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 2.240 LOT: 21 SUBD: WEST RANCH ESTATES

Neighborhood

  • School District Name: Weatherford Independent School District
  • School Tax School District: JR COLLEGE DIST
  • Census Tract: 140300

Geography

  • Assessors Map Reference: 518-E
  • Parcel: R000075887
  • Block: 1
  • Lot: 21
  • Municipality: WEATHERFORD
  • Latitude: 32.7398
  • Longitude: -97.8392

    Address

  • Full Address: 166 W Ranch Ln
  • Address - House Number: 166
  • Street Direction: W
  • Address - Street Name: Ranch
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Weatherford
  • Carrier Code: R022
  • 4-Digit Zip Code: 3345
  • Zip Code: 76088

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $636,436
  • Tax Rate Code Area: LTR WE

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 507,459
  • High Value: 625,008
  • Low Value: 389,910

    Market Valuation

  • Market Total Value: $392,880
  • Market Land Value: $100,000
  • Market Improvement Value: $292,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $392,880
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $292,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2022
  • Current Sale Recording Date: Oct 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 37180
  • Previous Sale Recording Date: Sep 18, 2018
  • Previous Sale Contract Date: Sep 14, 2018
  • Previous Sale Amount: $338,300
  • 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 Parker

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$216

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2497 ft²

Average Home Age

-

Currently For Sale

1199 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 411 Harcourt Street, Weatherford, TX, 76086

$2,400 /mo

  • 3 Beds
  • 3 Baths
  • 1,853 ft²
411 Harcourt Street, Weatherford, TX, 76086 Listing by Kali Jones

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Leslie Ramirez, The Cates Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20112759
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 166 West Ranch Lane built and last sold?
The property at 166 West Ranch Lane was built in 2003 and last sold on Oct 11, 2022 for $504,136.
How much is this home worth?
The estimated value of the home located at 166 West Ranch Lane is $416,174.
What are some comparable homes to 166 West Ranch Lane?
There are currently no comparable homes to 166 West Ranch Lane.
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