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Wise 76234
188 County Road 2195
$420,000
● House - Off Market

188 County Road 2195

Decatur, TX 76234
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,970 Ft²
$410,877
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

***MULTIPLE OFFERS RECEIVED.  HIGHEST & BEST BY THURSDAY AT 10PM***   This nice brick home sits on almost 3 acres!  The home boasts 3 beds, 2 baths, granite countertops in the kitchen, and a giant laundry room.  The open concept makes for easy entertaining. The master bedroom has an ensuite that has separate double vanities, a huge jetted soaking tub, and spacious walk-in closet.  Bring your livestock!  There's plenty of room.  The 30x40 shop is ready to go!  There is a 220 plug for your welder, a 220 plug for the air compressor, and 120 plugs all around the shop.  The shop has a work table, walk-in door, and a hose reel in the center, not to mention the wood burning stove for those chilly winter days & nights.
Unit Size
1,970 Ft²
Days on Market
-
Land Size
2.80 acres
Price per sqft
$203
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
2006

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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 #14746680)

Price History

Date / Event Date Event Price
Mar 1, 2022 Sold
Premium
Sold
Jan 24, 2022 Listed by x2 Realty Group $399,000
Listed by x2 Realty Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 325
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 121,881
  • Total Building Area: 1,970
  • Building Area: 1,970
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,970
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEWELS ESTATES
  • Land Acres: 0000002798
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 8 BLK 1 JEWELS ESTATES

Neighborhood

  • School District Name: Decatur Independent School District
  • School Tax School District: DECATUR ISD
  • School Tax District Code 2: WCID #1
  • School Tax District Code 3: FM FLOOD-LATERA
  • Census Tract: 150202

Geography

  • Account Number: 000000782929
  • Parcel: R1363.0108.00
  • Block: 1
  • Lot: 8
  • Municipality: DECATUR
  • Latitude: 33.2772
  • Longitude: -97.6188

    Address

  • Full Address: 188 County Road 2195
  • Address - House Number: 188
  • Address - Street Name: County Road 2195
  • State: TX
  • City Name: Decatur
  • Carrier Code: R011
  • 4-Digit Zip Code: 6303
  • Zip Code: 76234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $542,698
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.2185
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 482,633
  • High Value: 588,135
  • Low Value: 377,132

    Market Valuation

  • Market Total Value: $449,215
  • Market Land Value: $125,362
  • Market Improvement Value: $323,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,215
  • Assessed Land Value: $125,362
  • Assessed Improvements Value: $323,853

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 19, 2019
  • Current Sale Recording Date: Jun 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201906956
  • Previous Sale Recording Date: Aug 14, 2017
  • Previous Sale Contract Date: Aug 14, 2017
  • Previous Sale Amount: $297,500
  • 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 Wise

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$197

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2445 ft²

Average Home Age

18.3 years

Currently For Sale

532 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

Rentals Near You

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NTREIS

Listed by: Christina Chambliess, x2 Realty Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14746680
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 188 County Rd 2195 built and last sold?
The property at 188 County Rd 2195 was built in 2006 and last sold on Jun 19, 2019 for $365,600.
How much is this home worth?
The estimated value of the home located at 188 County Rd 2195 is $404,492.
What are some comparable homes to 188 County Rd 2195?
There are currently no comparable homes to 188 County Rd 2195.
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