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Weatherford 76087
2326 Trace Ridge Drive
$280,000
● House - Off Market

2326 Trace Ridge Drive

Weatherford, TX 76087
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,643 Ft²
$376,971
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Awesome home in a great neighborhood. Conveniently located close to shopping and highways.  Plenty room for all in this 4 bedroom, 2.5 bath with formal dining that easily be used as a second living.  There is a second large bedroom in addition to the large master suite that could be used as a media or playroom.
Unit Size
2,643 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$108
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
2002

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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 #14416985)

Price History

Date / Event Date Event Price
Nov 25, 2020 Sold
Premium
Sold
Aug 20, 2020 Listed by Wilco, REALTORS $284,400
Listed by Wilco, REALTORS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • 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 Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,500
  • Total Building Area: 3,105
  • Gross Building Area: 3,105
  • Building Area: 2,643
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,643
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACE RIDGE PH I
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 0.264 LOT: 20 BLK: 4 SUBD: TRACE RIDGE PH I

Neighborhood

  • School District Name: Weatherford Independent School District
  • School Tax School District: JR COLLEGE DIST
  • Census Tract: 140708

Geography

  • Assessors Map Reference: 519-M
  • Parcel: R000029052
  • Block: 4
  • Lot: 20
  • Municipality: WEATHERFORD
  • Latitude: 32.7279
  • Longitude: -97.7768

    Address

  • Full Address: 2326 Trace Ridge Dr
  • Address - House Number: 2326
  • Address - Street Name: Trace Ridge
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Weatherford
  • Carrier Code: R042
  • 4-Digit Zip Code: 3741
  • Zip Code: 76087

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $632,080
  • Tax Rate Code Area: LTR WE

    Appraisal Valuation

  • Standard Deviation: 0.234
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 472,436
  • High Value: 583,025
  • Low Value: 361,847

    Market Valuation

  • Market Total Value: $418,210
  • Market Land Value: $40,000
  • Market Improvement Value: $378,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,050

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 25, 2020
  • Current Sale Recording Date: Nov 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202039243
  • Previous Sale Recording Date: Mar 01, 2017
  • Previous Sale Contract Date: Feb 28, 2017
  • Previous Sale Amount: $196,800
  • 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 Weatherford

Stats & Trends

Median Asking:

$357,999

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1879 ft²

Average Home Age

-

Currently For Sale

196 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 504 Paloma Street, Weatherford, TX, 76087

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,055 ft²
504 Paloma Street, Weatherford, TX, 76087 Listing by Dana Allen

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Russell Wilkins, Wilco, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14416985
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2326 Trace Ridge Drive built and last sold?
The property at 2326 Trace Ridge Drive was built in 2002 and last sold on Nov 25, 2020 for $332,500.
How much is this home worth?
The estimated value of the home located at 2326 Trace Ridge Drive is $0.
What are some comparable homes to 2326 Trace Ridge Drive?
There are currently no comparable homes to 2326 Trace Ridge Drive.
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