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Hewitt 76643 Hewitt
245 Big Creek Loop
$440,000
● House - Off Market

245 Big Creek Loop

Hewitt, TX 76643
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,627 Ft²
$3,360
Est. Monthly
3.98%
Cap Rate

About This Property

Beautiful home in Midway ISD. This 4BR/2.5BA home features large living room with plantation shutters, tile wood look floors, wood burning fireplace and opens to kitchen and formal dining. The kitchen has granite counters, custom cabinets, oversized island, pantry, breakfast area and stainless appliances to include, built-in microwave, built-in oven, built-in gas cook top and dishwasher. Isolated primary bedroom with plantation shutters. Primary bathroom features walk-in tiled shower, separate vanities and walk-in closet. Security system. Gutters. Privacy fenced backyard with storage shed (Tuff Shed brand) covered patio, extended patio and deck with pergola and hot tub. Side entry, two car garage with built-in shelves. $489,900
Unit Size
2,627 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$186
Property Type
House
Property Taxes
$954
HOA Dues
-
Year Built
2018

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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: 2 years ago (NTREIS #215954)

Price History

Date / Event Date Event Price
May 29, 2024 Sold
Premium
Sold
Jun 19, 2023 Listed by Kelly, Realtors $489,900
Listed by Kelly, Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 498
  • Parking Space Count: 2
  • Patio Type: 117
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,280
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 860
  • Total Building Area: 3,125
  • Gross Building Area: 3,125
  • Building Area: 2,627
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,627
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNFLOWER RIDGE
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SUNFLOWER RIDGE LOT 4 BLOCK 1 ACRES .236

Neighborhood

  • School District Name: Midway Independent School District
  • Census Tract: 003710

Geography

  • Parcel: 36-336115-000104-0
  • Block: 1
  • Lot: 4
  • Municipality: CITY OF HEWITT
  • Latitude: 31.4454
  • Longitude: -97.1884

    Address

  • Full Address: 245 Big Creek Loop
  • Address - House Number: 245
  • Address - Street Name: Big Creek
  • Address - Suffix Type: Loop
  • State: TX
  • City Name: Hewitt
  • Carrier Code: R057
  • 4-Digit Zip Code: 3851
  • Zip Code: 76643

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $811,172
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 76
  • Final Value: 467,837
  • High Value: 552,473
  • Low Value: 383,201

    Market Valuation

  • Market Total Value: $525,130
  • Market Land Value: $64,970
  • Market Improvement Value: $460,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,693

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: Jun 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2019018056
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 Hewitt

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$180

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1998 ft²

Average Home Age

22.4 years

Currently For Sale

56 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 129 Texas Avenue, Hewitt, TX, 76643

$2,000 /mo

  • 4 Beds
  • 2 Baths
  • 2,148 ft²
129 Texas Avenue, Hewitt, TX, 76643 Listing by NaToya Alexander

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Trish Griffin, Kelly, Realtors
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 215954
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 245 Big Creek Loop built and last sold?
The property at 245 Big Creek Loop was built in 2018 and last sold on May 29, 2019 for $403,700.
How much is this home worth?
The estimated value of the home located at 245 Big Creek Loop is $0.
What are some comparable homes to 245 Big Creek Loop?
There are currently no comparable homes to 245 Big Creek Loop.
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