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Bedford 76022 Bell Manor
1916 Memphis Drive
$325,000
● House - Off Market

1916 Memphis Drive

Bedford, TX 76022
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,816 Ft²
$2,100
Est. Monthly
8.72%
Cap Rate

About This Property

This four-bedroom home is located withing one block of the elementary school and is located on a corner lot.  It features two full bathrooms, a galley kitchen with peek through opening to the family room, eat in kitchen and good size family room with a gas starter, wood burning fireplace.  

The backyard features a covered patio and lots of space for a pool or garden or whatever you can dream.  This home is part of a probate so there is no sellers disclosure. Probate is complete and title opened at Texas Secure Title in Colleyville.
Unit Size
1,816 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$187
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1971

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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 #20475924)

Price History

Date / Event Date Event Price
Feb 22, 2024 Sold
Premium
Sold
Nov 13, 2023 Listed by Scott Real Estate $339,500
Listed by Scott Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 18
  • Garage Square Area: 470
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,473
  • Total Building Area: 1,816
  • Gross Building Area: 1,816
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELL MANOR
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: BELL MANOR BLOCK 18 LOT 34

Neighborhood

  • School District Name: Hurst-Euless-Bedford Independent School District
  • School Tax School District: HRST-EULSS-BDFD
  • Census Tract: 113618

Geography

  • Assessors Map Reference: 54-P
  • Account Number: 00162558
  • District: 002
  • Parcel: 00162558
  • Block: 18
  • Lot: 34
  • Municipality: BEDFORD
  • Latitude: 32.8292
  • Longitude: -97.1367

    Address

  • Full Address: 1916 Memphis Dr
  • Address - House Number: 1916
  • Address - Street Name: Memphis
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Bedford
  • Carrier Code: C006
  • 4-Digit Zip Code: 6802
  • Zip Code: 76022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $90,638
  • Tax Rate Code Area: 916

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 357,363
  • High Value: 414,761
  • Low Value: 299,964

    Market Valuation

  • Market Total Value: $241,534
  • Market Land Value: $45,000
  • Market Improvement Value: $196,534

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,534
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $196,534

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2024
  • Current Sale Recording Date: Feb 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 30466
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 Bell Manor

Stats & Trends

Median Asking:

$309,000

Sale Price/ft²

$195

Below Asking

0.03%

Average Days on Market

48

Average Home Size

1714 ft²

Average Home Age

59 years

Currently For Sale

4 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 1712 Hampton Court, Bedford, TX, 76021

$2,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,858 ft²
1712 Hampton Court, Bedford, TX, 76021 Listing by Dale Harshberger
Unit for rent at 3204 Brown Trail, Bedford, TX, 76021

$3,150 /mo

  • 4 Beds
  • 2 Baths
  • 1,714 ft²
3204 Brown Trail, Bedford, TX, 76021 Listing by John Sturges

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kerri Gray, Scott Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20475924
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1916 Memphis Drive built and last sold?
The property at 1916 Memphis Drive was built in 1971 and last sold on Feb 22, 2024 for $396,606.
How much is this home worth?
The estimated value of the home located at 1916 Memphis Drive is $0.
What are some comparable homes to 1916 Memphis Drive?
There are currently no comparable homes to 1916 Memphis Drive.
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