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West Tawakoni 75474
1945 Wahoo Lane
$47,000
● House - Off Market

1945 Wahoo Lane

West Tawakoni, TX 75474
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,024 Ft²
$58,042
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Investor Special!! 1,024 ft home on two lots in a quiet neighborhood. Perfectly located in very close proximity to Lake Tawakoni and public lake access at City Lake Park in West Tawakoni. New sheetrock, new electric panel and wiring, new plumbing and an open floor plan and a screened in porch ready for your finishing touches. Bring all offers! **Buyer responsible for their own due diligence**
Unit Size
1,024 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$54
Property Type
House
Property Taxes
$13
HOA Dues
-
Year Built
1975

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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 #20120157)

Price History

Date / Event Date Event Price
Nov 28, 2022 Sold
Premium
Sold
Jul 26, 2022 Listed by All City Real Estate, Ltd. Co. $55,000
Listed by All City Real Estate, Ltd. Co.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 13
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 49
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,150
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,024
  • Gross Building Area: 1,184
  • Building Area: 1,024
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,024
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLERS CROSSING ADDITION
  • Land Acres: 0000000164
  • Standard Land Use Code: 1000
  • County Land Use Code: A3
  • State Land Use Code: A3
  • Legal Description 1: S4070 MILLERS CROSSING ADDITION LOT 64 ACRES .1641

Neighborhood

  • School District Name: Quinlan Independent School District
  • Census Tract: 961600

Geography

  • Assessors Map Reference: 315-D
  • Parcel: 51335
  • Lot: 64
  • Municipality: CITY OF WEST TAWAKONI
  • Latitude: 32.8991
  • Longitude: -96.0075

    Address

  • Full Address: 1945 Wahoo Ln
  • Address - House Number: 1945
  • Address - Street Name: Wahoo
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Quinlan
  • Carrier Code: R001
  • 4-Digit Zip Code: 7053
  • Zip Code: 75474

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $34,595
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SQL

    Appraisal Valuation

  • Standard Deviation: 0.215
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 99,851
  • High Value: 121,325
  • Low Value: 78,376

    Market Valuation

  • Market Total Value: $18,780
  • Market Land Value: $15,530
  • Market Improvement Value: $3,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,780
  • Assessed Land Value: $15,530
  • Assessed Improvements Value: $3,250

    Sales

  • Current Sale Contract Date: Oct 11, 2022
  • Current Sale Recording Date: Oct 17, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24310
  • Previous Sale Recording Date: Oct 17, 2022
  • Previous Sale Contract Date: Oct 06, 2022
  • Previous Sale Document Type: 71
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 West Tawakoni

Stats & Trends

Median Asking:

$239,000

Sale Price/ft²

$157

Below Asking

0.06%

Average Days on Market

92

Average Home Size

1491 ft²

Average Home Age

20.9 years

Currently For Sale

15 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 1901 E State Highway 276, West Tawakoni, TX, 75474

$1,395 /mo

  • 1 Bed
  • 1 Bath
  • 351 ft²
1901 E State Highway 276 #5, West Tawakoni, TX, 75474 Listing by Austin Sparks
Unit for rent at 1340 E State Highway 276, West Tawakoni, TX, 75474

$1,350 /mo

  • 2 Beds
  • 2 Baths
  • 1,360 ft²
1340 E State Highway 276, West Tawakoni, TX, 75474 Listing by Tonya Sanders

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Tawnya Tyree, All City Real Estate, Ltd. Co.
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20120157
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1945 Wahoo Lane built and last sold?
The property at 1945 Wahoo Lane was built in 1975 and last sold on Oct 11, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1945 Wahoo Lane is $0.
What are some comparable homes to 1945 Wahoo Lane?
There are currently no comparable homes to 1945 Wahoo Lane.
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