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Taylor 79562
189 Lake Ridge Road
$465,000
● House - Off Market

189 Lake Ridge Road

Tuscola, TX 79562
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,193 Ft²
$548,989
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Beautiful custom home on 2 Acres in the Canyons. Breathtaking views in every direction. Relax in the 2nd story sunroom and enjoy the view or fish in your own private pond. The open and bright floorplan also features stamped concrete floors, second master suite upstairs, 2 dinning room, an office and a 17x45 outdoor covered patio.
Unit Size
3,193 Ft²
Days on Market
-
Land Size
2.15 acres
Price per sqft
$149
Property Type
House
Property Taxes
-
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: 6 months ago (NTREIS #14600480)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by Keller Williams Realty $475,000
Listed by Keller Williams Realty
Beautiful custom home on 2 Acres in the Canyons. Breathtaking views in every direction. Relax in the 2nd story sunroom and enjoy the view or fish in your own private pond. The open and bright floorplan also features stamped concrete floors, second master suite upstairs, 2 dinning room, an office and a 17x45 outdoor covered patio.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 679
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,436
  • Lot Size Depth Feet: 1,760
  • Lot Size Frontage Feet: 2,700
  • Total Building Area: 3,871
  • Gross Building Area: 3,871
  • Building Area: 3,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,192
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE CANYONS SEC 2
  • Land Acres: 0000001089
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: THE CANYONS SEC 2, BLOCK A, LOT 28, ACRES 1.089

Neighborhood

  • School District Name: Jim Ned Consolidated Independent School District
  • Census Tract: 013502

Geography

  • Parcel: 102140
  • Block: A
  • Lot: 28
  • Municipality: TUSCOLA
  • Latitude: 32.2712
  • Longitude: -99.7848

    Address

  • Full Address: 189 Lake Ridge Rd
  • Address - House Number: 189
  • Address - Street Name: Lake Ridge
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Tuscola
  • Carrier Code: R003
  • 4-Digit Zip Code: 3662
  • Zip Code: 79562

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $688,199
  • Tax Rate Code Area: SJN

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 490,752
  • High Value: 593,484
  • Low Value: 388,019

    Market Valuation

  • Market Total Value: $478,049
  • Market Land Value: $37,949
  • Market Improvement Value: $440,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $478,049
  • Assessed Land Value: $37,949
  • Assessed Improvements Value: $440,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-00017023
  • Previous Sale Recording Date: Jul 09, 2007
  • Previous Sale Contract Date: Jul 05, 2007
  • Previous Sale Amount: $400,000
  • 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 Taylor

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2027 ft²

Average Home Age

35.2 years

Currently For Sale

396 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 364 Alexandra Drive, Tuscola, TX, 79562

$7,000 /mo

  • 3 Beds
  • 3 Baths
  • 2,934 ft²
364 Alexandra Drive, Tuscola, TX, 79562 Listing by Mitch Barnett

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Maegan Brest, Keller Williams Realty
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14600480
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 189 Lake Ridge Road built and last sold?
The property at 189 Lake Ridge Road was built in 2006 and last sold on Jul 30, 2021 for $447,700.
How much is this home worth?
The estimated value of the home located at 189 Lake Ridge Road is $484,055.
What are some comparable homes to 189 Lake Ridge Road?
There are currently no comparable homes to 189 Lake Ridge Road.
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