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Azle 76020 Timberlake Estates
228 Timberlake Drive
$470,000
● House - Off Market

228 Timberlake Drive

Azle, TX 76020
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,709 Ft²
$496,196
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Gorgeous fully remodeled Spanish style three bedroom two and a half bath home situated in a wonderful lakefront community. This property features luxury vinyl plank throughout the entire first floor. The kitchen sits between both living areas and features all new cabinetry, appliances and quartz countertops. The large second living area includes a feature fireplace wall with built in shelving and beautiful wood beams across the vaulted ceiling. Up the refinished wood staircase is 2 additional bedrooms sharing a large jack and jill bathroom. Down the hall is the enormous master bedroom with an attached ensuite featuring a large shower, free standing tub and double vanity.
Unit Size
2,709 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$179
Property Type
House
Property Taxes
$423
HOA Dues
$21
Year Built
1968

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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 #20074137)

Price History

Date / Event Date Event Price
Jul 26, 2022 Sold
Premium
Sold
Jun 2, 2022 Listed by The Property Shop $485,000
Listed by The Property Shop

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 9
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,815
  • Total Building Area: 2,625
  • Gross Building Area: 2,625
  • Building Area: 2,625
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,625
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERLAKE ESTATES ADDITION
  • Land Acres: 0000000271
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A
  • Legal Description 1: TIMBERLAKE ESTATES ADDITION BLOCK 2 LOT 44

Neighborhood

  • School District Name: Azle Independent School District
  • School Tax School District: AZLE
  • Census Tract: 114205

Geography

  • Assessors Map Reference: 29-V
  • Account Number: 03147533
  • District: 001
  • Parcel: 03147533
  • Block: 2
  • Lot: 44
  • Municipality: AZLE
  • Latitude: 32.8702
  • Longitude: -97.5187

    Address

  • Full Address: 228 Timberlake Dr
  • Address - House Number: 228
  • Address - Street Name: Timberlake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Azle
  • Carrier Code: C003
  • 4-Digit Zip Code: 4042
  • Zip Code: 76020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,005,884
  • Tax Rate Code Area: 915

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 477,941
  • High Value: 578,088
  • Low Value: 377,794

    Market Valuation

  • Market Total Value: $474,084
  • Market Land Value: $40,680
  • Market Improvement Value: $433,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,084
  • Assessed Land Value: $40,680
  • Assessed Improvements Value: $433,404

    Sales

  • Current Sale Contract Date: Jul 26, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 187512
  • Previous Sale Recording Date: Mar 17, 2022
  • Previous Sale Contract Date: Mar 11, 2022
  • Previous Sale Amount: $512,050
  • 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 Timberlake Estates

Stats & Trends

Median Asking:

$390,000

Sale Price/ft²

$206

Below Asking

0.04%

Average Days on Market

95

Average Home Size

2146 ft²

Average Home Age

43.3 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 1228 Almond Road, Azle, TX, 76020

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,996 ft²
1228 Almond Road, Azle, TX, 76020 Listing by Lori Sanchez

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Lane Stults, The Property Shop
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20074137
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 228 Timberlake Drive built and last sold?
The property at 228 Timberlake Drive was built in 1968 and last sold on Jul 26, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 228 Timberlake Drive is $0.
What are some comparable homes to 228 Timberlake Drive?
There are currently no comparable homes to 228 Timberlake Drive.
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