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Mineral Wells 76067
2107 Morningside Drive
$235,000
● House - Off Market

2107 Morningside Drive

Mineral Wells, TX 76067
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,680 Ft²
$263,243
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Beautiful home nestled atop the northeast corner of Morningside hill is a MUST-SEE! Owner has completely updated interior, built a bonus living space, wood decks, covered outdoor entertainment areas, and carport, all in 2021. Rustic and cozy, this 4 bd 2 bath home has all new flooring throughout, new fixtures, fans, electrical, and plumbing. New roof in 2017. Complete renovations for both baths, including freestanding soaker tub. Enjoy views of The Baker Hotel, Welcome Mtn, and the surrounding hills from the outdoor kitchen, covered porch or open deck; or walk down the hill to sit around an open fire pit on the additional property lot. Nice workshop with electricity for your projects or storage. Don't miss out!
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$149
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
1958

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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 #14728234)

Price History

Date / Event Date Event Price
Feb 22, 2022 Sold
Premium
Sold
Dec 19, 2021 Listed by PREMIER PROPERTIES $249,999
Listed by PREMIER PROPERTIES

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 20,952
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,535
  • Gross Building Area: 1,535
  • Building Area: 1,535
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,535
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORNINGSIDE
  • Land Acres: 0000000481
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: MORNINGSIDE BLK 5 LOTS 2 & 3 (HILLTOP ADDITION) G#M0600-00-00050-002-00-0

Neighborhood

  • School District Name: Mineral Wells Independent School District
  • School Tax School District: MWI MWC PPW
  • Census Tract: 000800

Geography

  • Account Number: R000020431
  • Subdivision Tract Number: 2
  • Parcel: 164701500
  • Block: 5
  • Lot: 2,3
  • Municipality: MINERAL WELLS
  • Latitude: 32.7928
  • Longitude: -98.1066

    Address

  • Full Address: 2107 Morningside Dr
  • Address - House Number: 2107
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mineral Wells
  • Carrier Code: C005
  • 4-Digit Zip Code: 7947
  • Zip Code: 76067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,302
  • Tax Rate Code Area: CAD 182 MW

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 75,796
  • High Value: 110,178
  • Low Value: 41,413

    Market Valuation

  • Market Total Value: $222,440
  • Market Land Value: $33,270
  • Market Improvement Value: $189,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $222,440
  • Assessed Land Value: $33,270
  • Assessed Improvements Value: $189,170

    Sales

  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1369
  • Previous Sale Recording Date: Feb 25, 2022
  • Previous Sale Contract Date: Feb 18, 2022
  • Previous Sale Amount: $233,050
  • Previous Sale Document Type: 27
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 Mineral Wells

Stats & Trends

Median Asking:

$219,990

Sale Price/ft²

$147

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1854 ft²

Average Home Age

-

Currently For Sale

89 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

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NTREIS

Listed by: Christy Dorr, PREMIER PROPERTIES
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14728234
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2107 Morningside Drive built and last sold?
The property at 2107 Morningside Drive was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2107 Morningside Drive is $252,908.
What are some comparable homes to 2107 Morningside Drive?
There are currently no comparable homes to 2107 Morningside Drive.
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