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Willow Park 76087
168 Melbourne Drive
$318,900
● House - Off Market

168 Melbourne Drive

Willow Park, TX 76087
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,160 Ft²
$447,119
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Brand new home great neighborhood! 4 bedroom, 2.5 bath and a study, open concept with great entertaining kitchen and living room area!  This home has granite countertops throughout, stainless steel appliances, hardwood floors, foam insulation and much much more.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$148
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

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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 #14328944)

Price History

Date / Event Date Event Price
Jun 4, 2020 Sold
Premium
Sold
Apr 26, 2020 Listed by HBS Real Estate $318,900
Listed by HBS Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,682
  • Total Building Area: 2,540
  • Gross Building Area: 2,540
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOW PLACE ESTATES
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT: 18 BLK: B SUBD: MEADOW PLACE ESTATES

Neighborhood

  • School District Name: Garner Independent School District
  • School Tax School District: ALEDO ISD
  • Census Tract: 140714

Geography

  • Assessors Map Reference: K-14
  • Parcel: R000103040
  • Block: B
  • Lot: 18
  • Municipality: WILLOW PARK
  • Latitude: 32.7417
  • Longitude: -97.6462

    Address

  • Full Address: 168 Melbourne Dr
  • Address - House Number: 168
  • Address - Street Name: Melbourne
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Willow Park
  • Carrier Code: R042
  • 4-Digit Zip Code: 1269
  • Zip Code: 76087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $750,590
  • Tax Rate Code Area: COL LTR

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 546,047
  • High Value: 675,707
  • Low Value: 416,387

    Market Valuation

  • Market Total Value: $454,600
  • Market Land Value: $90,000
  • Market Improvement Value: $364,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,960

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 04, 2020
  • Current Sale Recording Date: Jun 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202016138
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 Willow Park

Stats & Trends

Median Asking:

$459,950

Sale Price/ft²

$215

Below Asking

0.02%

Average Days on Market

75

Average Home Size

2434 ft²

Average Home Age

26.3 years

Currently For Sale

22 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 178 Winged Foot Drive, Willow Park, TX, 76008

$2,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,146 ft²
178 Winged Foot Drive, Willow Park, TX, 76008 Listing by Ashley Everett

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Whitney Harris, HBS Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14328944
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 168 Melbourne Drive built and last sold?
The property at 168 Melbourne Drive was built in 2019 and last sold on Jun 4, 2020 for $378,700.
How much is this home worth?
The estimated value of the home located at 168 Melbourne Drive is $0.
What are some comparable homes to 168 Melbourne Drive?
There are currently no comparable homes to 168 Melbourne Drive.
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