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Collin 75098
1712 Karma Drive
$535,000
● House - Off Market

1712 Karma Drive

Wylie, TX 75098
bedrooms
5 Beds
bathrooms
0 Bath
square feet
2,166 Ft²
$491,647
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Welcome home to this IMPRESSIVE and HIGHLY UPGRADED 1 story home built by Gehan! Backing to a greenbelt and jogging trail, this home is walking distance to a dog park and Bush Elementary. FIVE bedrooms, THREE bathrooms, and an open concept living, dining and kitchen await you. Wood flooring, granite countertops in kitchen AND baths, upgraded 5 burner gas range, fans in all rooms, extended covered patio with gas stub, tankless WH... the list goes on and on! Located near Lake Lavon in the award-winning Inspiration neighborhood featuring 5 pools, lazy river, fitness center, dog parks, sand volleyball, putting green & MORE! Special Financing & Virtual Tour Available.
Unit Size
2,166 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$224
Property Type
House
Property Taxes
$724
HOA Dues
$45
Year Built
2018

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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 #20006753)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Mar 10, 2022 Listed by Keller Williams Realty DPR $485,000
Listed by Keller Williams Realty DPR

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 467
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 2,632
  • Gross Building Area: 2,806
  • Building Area: 2,165
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,165
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INSPIRATION PHASE 3A
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: INSPIRATION PHASE 3A, BLK M, LOT 57

Neighborhood

  • School District Name: Wylie Independent School District
  • School Tax School District: WYLIE ISD
  • Census Tract: 031314

Geography

  • Parcel: R-11126-00M-0570-1
  • Block: M
  • Lot: 57
  • Municipality: WYLIE
  • Latitude: 33.0572
  • Longitude: -96.5504

    Address

  • Full Address: 1712 Karma Dr
  • Address - House Number: 1712
  • Address - Street Name: Karma
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Wylie
  • Carrier Code: R001
  • 4-Digit Zip Code: 0588
  • Zip Code: 75098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,178,142
  • Tax Rate Code Area: WC3

    Appraisal Valuation

  • Standard Deviation: 0.2106
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 528,513
  • High Value: 639,831
  • Low Value: 417,195

    Market Valuation

  • Market Total Value: $494,672
  • Market Land Value: $125,000
  • Market Improvement Value: $369,672

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,672
  • Assessed Land Value: $125,000
  • Assessed Improvements Value: $369,672

    Sales

  • Current Sale Contract Date: Apr 05, 2022
  • Current Sale Recording Date: Apr 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 563930
  • Previous Sale Recording Date: Mar 22, 2018
  • Previous Sale Contract Date: Mar 15, 2018
  • Previous Sale Amount: $388,300
  • 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 Collin

Stats & Trends

Median Asking:

$476,000

Sale Price/ft²

$203

Above Asking

0.03%

Average Days on Market

72

Average Home Size

2729 ft²

Average Home Age

14.2 years

Currently For Sale

6273 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 2005 Saints Row, Wylie, TX, 75098

$3,200 /mo

  • 4 Beds
  • 3 Baths
  • 2,291 ft²
2005 Saints Row, Wylie, TX, 75098 Listing by Basri Ay
Unit for rent at 1726 Cherub Cheer Row, Wylie, TX, 75098

$3,100 /mo

  • 4 Beds
  • 2 Baths
  • 3,382 ft²
1726 Cherub Cheer Row, Wylie, TX, 75098 Listing by Bhuvana Viswanathan

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jocelyn Mills, Keller Williams Realty DPR
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20006753
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1712 Karma Drive built and last sold?
The property at 1712 Karma Drive was built in 2018 and last sold on Apr 5, 2022 for $635,300.
How much is this home worth?
The estimated value of the home located at 1712 Karma Drive is $0.
What are some comparable homes to 1712 Karma Drive?
There are currently no comparable homes to 1712 Karma Drive.
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