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Abilene 79602
266 Southlake Drive
$355,000
● House - Off Market

266 Southlake Drive

Abilene, TX 79602
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,114 Ft²
$2,372
Est. Monthly
$10
HOA / Fees
4.65%
Cap Rate

About This Property

Gorgeous home in Wylie East ISD with curb appeal. The tall front entryway, landscaping and stone exterior make this home stand out from the rest. 4 bedrooms, 2 full bathrooms and 1 half bathroom. Open floorplan. Beautiful dark flooring contrasted with the bright sunlight really opens the home up. Split bedroom layout. Fancy wood burning fireplace has mantle, stone and moulding trim. Ample dining area in kitchen. Granite countertops, wine rack and big pantry. Stainless steel appliances. The master bathroom feels like a spa with a jetted tub, double granite vanities, tiled shower and large windows. Walk-in closets. The back patio has been extended to further enjoy the large grassy backyard with wood privacy fence and no houses behind.
Unit Size
2,114 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$170
Property Type
House
Property Taxes
$594
HOA Dues
$10
Year Built
2014

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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 #20643148)

Price History

Date / Event Date Event Price
Aug 26, 2024 Sold
Premium
Sold
Jul 17, 2024 In contract -
In contract
Jul 4, 2024 Price Decreased $359,900
↓ $10K (2.7%)
Price Decreased
Jun 11, 2024 Listed by Village Real Estate $369,900
Listed by Village Real Estate
Feb 11, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • 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: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 495
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,609
  • Gross Building Area: 2,609
  • Building Area: 2,114
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,114
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHLAKE ESTATES SEC 1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SOUTHLAKE ESTATES SEC 1, BLOCK B, LOT 17, ACRES .19

Neighborhood

  • School District Name: Wylie Independent School District
  • Census Tract: 013404

Geography

  • Parcel: 993048
  • Block: B
  • Lot: 17
  • Municipality: ABILENE
  • Latitude: 32.3752
  • Longitude: -99.7207

    Address

  • Full Address: 266 Southlake Dr
  • Address - House Number: 266
  • Address - Street Name: Southlake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Abilene
  • Carrier Code: R019
  • 4-Digit Zip Code: 1182
  • Zip Code: 79602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $713,071
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: CAB GTA SW

    Appraisal Valuation

  • Standard Deviation: 0.2164
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 362,712
  • High Value: 441,208
  • Low Value: 284,215

    Market Valuation

  • Market Total Value: $329,744
  • Market Land Value: $30,000
  • Market Improvement Value: $299,744

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,744
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $299,744

    Sales

  • Current Sale Contract Date: Feb 11, 2022
  • Current Sale Recording Date: Feb 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3043
  • Previous Sale Recording Date: Jan 16, 2015
  • Previous Sale Contract Date: Jan 15, 2015
  • Previous Sale Amount: $236,600
  • 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 Abilene

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$165

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1921 ft²

Average Home Age

41.6 years

Currently For Sale

291 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 3801 Duke Lane, Abilene, TX, 79602

$2,195 /mo

  • 3 Beds
  • 2 Baths
  • 1,283 ft²
3801 Duke Lane, Abilene, TX, 79602 Listing by Michael Powell

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Charlie Thyne, Village Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20643148
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 266 Southlake Drive built and last sold?
The property at 266 Southlake Drive was built in 2014 and last sold on Feb 11, 2022 for $361,760.
How much is this home worth?
The estimated value of the home located at 266 Southlake Drive is $372,902.
What are some comparable homes to 266 Southlake Drive?
There are currently no comparable homes to 266 Southlake Drive.
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