$520,000
●
Land -
Off Market
2425 Mountain View Court
Cedar Hill, TX 75104
Studio
0 Bath
$685,471
RealtyHop Estimate
24.63%
Since May 1, 2021
TX-Dallas
Primary Model
About This Property
6 + ACRES IN PRESTIGIOUS GATED NEIGHBORHOOD OF THE BLUFFS OF LAKE
RIDGE, ONE OF THE HIGHEST ELEVATIONS AND NICEST VIEWS IN DALLAS,
FORT WORTH, Amazing views of Joe Pool lake, you can see for
miles from this lot, convenient location with easy drive to
downtown Dallas or Fort Worth, approximately 30 min to downtown
Dallas and 40 minutes to downtown Fort Worth, Seller has TOPO
survey and HAS SOILS TEST AND GEOTECHNICAL LIMITED INVESTIGATION
REPORT FOR ESCARPMENT AND INSTALLED RETAINER WALL
Unit Size
-
Days on Market
-
Land Size
6.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$115
Year Built
-
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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: 5 months ago (NTREIS #14503205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2024 | Sold | ||
| Sold | |||
| Mar 11, 2024 | Listed by Monument Realty | $799,000 | |
| Listed by Monument Realty | |||
| | |||
|
Experience the epitome of luxury living at The Bluffs of Lake Ridge, nestled in Dallas's prestigious gated neighborhood. Wake up to breathtaking vistas from one of the highest elevations, offering a panoramic spectacle of Lake Ridge and Dallas skyline. This 6+ acre lot boasts prime location with access to shopping, dining, Joe Pool Lake, and Tangle Ridge Golf Club. Imagine crafting your dream home on this pristine, flat build site, strategically positioned to maximize natural beauty. Plus, it's shovel-ready with a pre-dug basement hole, saving you valuable time. With easy access to Dallas, Fort Worth, and attractions like Arlington ballparks, this location blends tranquility with urban convenience. Don't miss this opportunity – secure your piece of paradise today and build your vision.
| |||
| Apr 7, 2021 | Sold | ||
| Sold | |||
| Jan 20, 2021 | Listed by Hartford Realty Group | $550,000 | |
| Listed by Hartford Realty Group | |||
| | |||
|
6 + ACRES IN PRESTIGIOUS GATED NEIGHBORHOOD OF THE BLUFFS OF LAKE RIDGE, ONE OF THE HIGHEST ELEVATIONS AND NICEST VIEWS IN DALLAS, FORT WORTH, Amazing views of Joe Pool lake, you can see for miles from this lot, convenient location with easy drive to downtown Dallas or Fort Worth, approximately 30 min to downtown Dallas and 40 minutes to downtown Fort Worth, Seller has TOPO survey and HAS SOILS TEST AND GEOTECHNICAL LIMITED INVESTIGATION REPORT FOR ESCARPMENT AND INSTALLED RETAINER WALL
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Lake Ridge
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Listed by: Jeff Mckinney, Hartford Realty Group
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14503205
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14503205
Details provided by NTREIS and may not match the public record
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