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Tool 75143
2004 Mason Lane
$375,000
● House - Off Market

2004 Mason Lane

Tool, TX 75143
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,334 Ft²
$523,571
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Walk into the door of this turn key,furnished,well maintained property & ENJOY living the lake life!Wall of windows,open living kitchen concept,brick wood burning fireplace in living room gives this home a warm cozy waterfront welcome.Sit back and RELAX in the screen in covered back porch and grill out on the deck.Spacious master suite,guest bedroom & full bath, large utility laundry room,landscaped beautifully,covered parking,tool shed,boathouse with single boat slip and sitting and fishing area.Protected navigation just off of the open water,great water depth at your private boat dock.Convenience is key to a fun waterfront weekend!Just five minutes from dining and marina.
Unit Size
1,334 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$296
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1994

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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 #14458457)

Price History

Date / Event Date Event Price
Nov 16, 2020 Sold
Premium
Sold
Oct 20, 2020 Listed by Keller Williams Realty $395,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,099
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,334
  • Gross Building Area: 1,334
  • Building Area: 1,334
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POINT O' RETREAT (22)
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LT 2 AB 488 T S MITCHELL SUR, POINT-O-RETREAT LT 2

Neighborhood

  • School District Name: Malakoff Independent School District
  • School Tax School District: MALAKOFF ISD
  • Census Tract: 950802

Geography

  • Account Number: R000069754
  • Parcel: 3870-0000-0020-60
  • Lot: 2
  • Municipality: TOOL
  • Latitude: 32.2605
  • Longitude: -96.1544

    Address

  • Full Address: 2004 Mason Ln
  • Address - House Number: 2004
  • Address - Street Name: Mason
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Tool
  • Carrier Code: R003
  • 4-Digit Zip Code: 1666
  • Zip Code: 75143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $717,551
  • Tax Rate Code Area: ES4,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 234,356
  • High Value: 340,677
  • Low Value: 128,034

    Market Valuation

  • Market Total Value: $506,429
  • Market Land Value: $139,500
  • Market Improvement Value: $366,929

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $506,429
  • Assessed Land Value: $139,500
  • Assessed Improvements Value: $366,929

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00018458
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Contract Date: Jul 27, 2017
  • Previous Sale Amount: $199,400
  • 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 Tool

Stats & Trends

Median Asking:

$306,500

Sale Price/ft²

$184

Below Asking

0.05%

Average Days on Market

93

Average Home Size

1764 ft²

Average Home Age

35.9 years

Currently For Sale

54 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 2500 Wildwood Way, Tool, TX, 75143

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,342 ft²
2500 Wildwood Way, Tool, TX, 75143 Listing by Debbie French

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kayla Jordan, Keller Williams Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14458457
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2004 Mason Lane built and last sold?
The property at 2004 Mason Lane was built in 1994 and last sold on Nov 16, 2020 for $375,000.
How much is this home worth?
The estimated value of the home located at 2004 Mason Lane is $392,380.
What are some comparable homes to 2004 Mason Lane?
There are currently no comparable homes to 2004 Mason Lane.
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