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Denton 76259
231 Stone Rail Drive
$205,000
● Mobile Manufactured - Off Market

231 Stone Rail Drive

Ponder, TX 76259
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,904 Ft²
$225,374
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

COUNTRY LIVING! Nestled on a little over an acre of land in the highly sought after Ponder ISD. This charming 3 bedroom 2 bath home offers a large kitchen complete with a spacious island. The wood burning fireplace makes this home feel so cozy and warm. Enjoy the sunrise while you drink your morning coffee on the beautiful front porch in peace. Don't miss out on this rare find.
Unit Size
1,904 Ft²
Days on Market
-
Land Size
1.09 acres
Price per sqft
$102
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
2006

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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: 5 months ago (NTREIS #14591755)

Price History

Date / Event Date Event Price
Jul 14, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Scottco Realty Group LLC $195,000
Listed by Scottco Realty Group LLC
COUNTRY LIVING! Nestled on a little over an acre of land in the highly sought after Ponder ISD. This charming 3 bedroom 2 bath home offers a large kitchen complete with a spacious island. The wood burning fireplace makes this home feel so cozy and warm. Enjoy the sunrise while you drink your morning coffee on the beautiful front porch in peace. Don't miss out on this rare find.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,611
  • Total Building Area: 1,904
  • Gross Building Area: 1,904
  • Building Area: 1,904
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,904
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONE VALLEY FARM PH ONE
  • Land Acres: 0000001093
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: STONE VALLEY FARM PH ONE BLK 3 LOT 5 SN#1 PH2211978A HUD# PFS0954926

Neighborhood

  • School District Name: Ponder Independent School District
  • Census Tract: 020313

Geography

  • Assessors Map Reference: 26-N
  • Parcel: R242420
  • Block: 3
  • Lot: 5
  • Municipality: PONDER
  • Latitude: 33.2195
  • Longitude: -97.3139

    Address

  • Full Address: 231 Stone Rail Dr
  • Address - House Number: 231
  • Address - Street Name: Stone Rail
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Ponder
  • Carrier Code: R003
  • 4-Digit Zip Code: 5500
  • Zip Code: 76259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $187,844
  • Tax Rate Code Area: S13

    Appraisal Valuation

  • Standard Deviation: 0.2108
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 207,035
  • High Value: 250,694
  • Low Value: 163,376

    Market Valuation

  • Market Total Value: $131,196
  • Market Land Value: $95,222
  • Market Improvement Value: $35,974

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,196
  • Assessed Land Value: $95,222
  • Assessed Improvements Value: $35,974

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-127979
  • Previous Sale Recording Date: May 01, 2018
  • Previous Sale Contract Date: Apr 30, 2018
  • Previous Sale Amount: $147,300
  • Previous Sale Document Type: 70
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 Denton

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$203

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2717 ft²

Average Home Age

14.4 years

Currently For Sale

5417 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 15350 Us Highway 380, Krum, TX, 76249

$4,800 /mo

  • 3 Beds
  • 3 Baths
  • 4,320 ft²
15350 Us Highway 380, Krum, TX, 76249 Listing by Mark Hunt

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Delanie Temple, Scottco Realty Group LLC
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14591755
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 231 Stone Rail Drive built and last sold?
The property at 231 Stone Rail Drive was built in 2006 and last sold on Jul 14, 2021 for $243,400.
How much is this home worth?
The estimated value of the home located at 231 Stone Rail Drive is $210,831.
What are some comparable homes to 231 Stone Rail Drive?
There are currently no comparable homes to 231 Stone Rail Drive.
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