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Erath 76401
205 Mustang Drive
$105,000
● Mobile Manufactured - Off Market

205 Mustang Drive

Stephenville, TX 76401
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,456 Ft²
$148,698
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

This tidy 2017 doublewide in Wildhorse subdivision is located on a .5 acre lot. Open floor plan concept has 1,456 sq ft with a split 4 bedroom layout & two full baths. The lovely kitchen with its warm wood cabinets, large island and wood look plank flooring is roomy enough for two refrigerators. There's plenty of room for a large family or entertaining. The over sized 2 car carport sits to the right of the house.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$76
Property Type
Mobile Manufactured
Property Taxes
$123
HOA Dues
-
Year Built
2017

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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 #14376406)

Price History

Date / Event Date Event Price
Sep 16, 2020 Sold
Premium
Sold
Jun 29, 2020 Listed by KELLER WILLIAMS REALTY $110,000
Listed by KELLER WILLIAMS REALTY

Property Highlights

Air Conditioning
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILD HORSE SUBDIVISION
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: S7300 WILDHORSE SUB PHASE II; BLOCK 3, LOT 78 MPHMAKE:CHAMPION HOME MPHMODEL:12-RM2852A MPHSIZE:28X52 MPHYEAR:2017 MPHSERIAL:

Neighborhood

  • School District Name: Stephenville Independent School District
  • School Tax School District: STEPHENVILLE SD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: MIDDLE TRINITY
  • Census Tract: 950204

Geography

  • Account Number: R.7300.00830.00.0
  • Subdivision Phase Number: II
  • Parcel: R000075560
  • Block: 3
  • Lot: 78
  • Municipality: STEPHENVILLE
  • Latitude: 32.2535
  • Longitude: -98.2332

    Address

  • Full Address: 205 Mustang Dr
  • Address - House Number: 205
  • Address - Street Name: Mustang
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Stephenville
  • Carrier Code: R007
  • 4-Digit Zip Code: 1590
  • Zip Code: 76401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $207,299
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 72 903 MTD

    Appraisal Valuation

  • Standard Deviation: 0.2712
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 61
  • Final Value: 209,277
  • High Value: 266,053
  • Low Value: 152,500

    Market Valuation

  • Market Total Value: $149,690
  • Market Land Value: $25,000
  • Market Improvement Value: $124,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,690
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $124,690

    Sales

  • Current Sale Contract Date: Sep 16, 2020
  • Current Sale Recording Date: Sep 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-05567
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 Erath

Stats & Trends

Median Asking:

$364,000

Sale Price/ft²

$208

Below Asking

0.02%

Average Days on Market

70

Average Home Size

1980 ft²

Average Home Age

9.1 years

Currently For Sale

256 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: DeNae Carroll, KELLER WILLIAMS REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14376406
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 205 Mustang Drive built and last sold?
The property at 205 Mustang Drive was built in 2017 and last sold on Sep 16, 2020 for $118,300.
How much is this home worth?
The estimated value of the home located at 205 Mustang Drive is $0.
What are some comparable homes to 205 Mustang Drive?
There are currently no comparable homes to 205 Mustang Drive.
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