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Henderson 75156
237 Southlake Drive
$102,000
● Mobile Manufactured - Off Market

237 Southlake Drive

Mabank, TX 75147
bedrooms
2 Beds
bathrooms
0 Bath
square feet
672 Ft²
$174,920
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Beautiful lakefront lot with small home that is perfect for full time or part-time living. 60' of waterfront with steel retaining wall, pier, boathouse with lift and piped for lake pump. Home has 2 bedrooms, open living and kitchen, breakfast bar and 1 bath with double sinks. Water view from the kitchen but the best view is from the enclosed back deck. Open water is right there for boating, water sports or fishing. This lot is a wonderful building site if you want to take the existing home off and build or replace. Large beautiful shade trees, nice grassy yard. Allowance for boathouse at full price.
Unit Size
672 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$178
Property Type
Mobile Manufactured
Property Taxes
$109
HOA Dues
-
Year Built
1973

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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 #14201873)

Price History

Date / Event Date Event Price
Nov 12, 2019 Sold
Premium
Sold
Oct 8, 2019 Listed by Ebby Halliday Realtors $119,500
Listed by Ebby Halliday Realtors

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • 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: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,263
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 600
  • Total Building Area: 672
  • Gross Building Area: 672
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK HARBOR SUBD (798)
  • Land Acres: 0000000189
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LT 506 AB 483 B MEDRO SUR, OAK HARBOR LT 506

Neighborhood

  • School District Name: Malakoff Independent School District
  • School Tax School District: MABANK ISD
  • Census Tract: 950601

Geography

  • Assessors Map Reference: 16X
  • Account Number: R000064143
  • Parcel: 3675-0000-5060-50
  • Lot: 506
  • Municipality: MABANK
  • Latitude: 32.3019
  • Longitude: -96.132

    Address

  • Full Address: 237 Southlake Dr
  • Address - House Number: 237
  • Address - Street Name: Southlake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mabank
  • Carrier Code: R004
  • 4-Digit Zip Code: 4191
  • Zip Code: 75156

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $206,182
  • Tax Rate Code Area: HC,HE,HR,M

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 134,057
  • High Value: 195,491
  • Low Value: 72,622

    Market Valuation

  • Market Total Value: $216,460
  • Market Land Value: $180,000
  • Market Improvement Value: $36,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,460
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $36,460

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 12, 2019
  • Current Sale Recording Date: Nov 13, 2019
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-00015941
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 Henderson

Stats & Trends

Median Asking:

$320,000

Sale Price/ft²

$186

Below Asking

0.04%

Average Days on Market

96

Average Home Size

2099 ft²

Average Home Age

-

Currently For Sale

691 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: Debra Holland, Ebby Halliday Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14201873
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 237 Southlake Drive built and last sold?
The property at 237 Southlake Drive was built in 1973 and last sold on Nov 12, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 237 Southlake Drive is $0.
What are some comparable homes to 237 Southlake Drive?
There are currently no comparable homes to 237 Southlake Drive.
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