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Waco 76708 Cedar Ridge
2737 Cherry Hill Square
$265,000
● House - Off Market

2737 Cherry Hill Square

Waco, TX 76708
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,686 Ft²
$377,634
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

There's a lot to love about this one-owner, custom built home on Cherry Hill Square!  The common areas have an open concept, making holidays and parties a breeze.  The living areas share a two-sided brick fireplace, and feature a wet bar and views of the back yard.  Recent updates to the kitchen include granite and butcher block counters, a new back splash, flooring, and paint.  You'll find updates in the bathrooms, too!  The flex space on second floor would make a great home office.  Large laundry room/mudroom off the kitchen, with a half bath.  Double pane vinyl windows and newer composition roof.  Corner lot with beautiful trees.  Convenient to McLennan Community College and Lake Waco.
Unit Size
2,686 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$106
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1979

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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 #196552)

Price History

Date / Event Date Event Price
Nov 16, 2020 Sold
Premium
Sold
Jul 20, 2020 Listed by Kelly, Realtors $284,900
Listed by Kelly, Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 1
  • Garage Square Area: 562
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,164
  • Total Building Area: 3,248
  • Gross Building Area: 3,248
  • Building Area: 2,686
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,686
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUE BONNET CLIFFS
  • Land Acres: 0000000348
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: BLUE BONNET CLIFFS LOT 1 BLOCK 7 ACRES .3481

Neighborhood

  • School District Name: Waco Independent School District
  • Census Tract: 003000

Zoning

  • Zoning: R1B

Geography

  • Assessors Map Reference: PG 206
  • Parcel: 48-005501-007600-1
  • Block: 7
  • Lot: 1
  • Municipality: CITY OF WACO
  • Latitude: 31.5798
  • Longitude: -97.1855

    Address

  • Full Address: 2737 Cherry Hill Sq
  • Address - House Number: 2737
  • Address - Street Name: Cherry Hill
  • Address - Suffix Type: Sq
  • State: TX
  • City Name: Waco
  • Carrier Code: C074
  • 4-Digit Zip Code: 1538
  • Zip Code: 76708

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $692,257
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 64
  • Final Value: 424,025
  • High Value: 530,481
  • Low Value: 317,568

    Market Valuation

  • Market Total Value: $501,920
  • Market Land Value: $34,880
  • Market Improvement Value: $467,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 14, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020042779
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 Cedar Ridge

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$165

Below Asking

0.03%

Average Days on Market

67

Average Home Size

2064 ft²

Average Home Age

63.5 years

Currently For Sale

15 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 1701 Meridian Avenue, Waco, TX, 76708

$1,350 /mo

  • 2 Beds
  • 1 Bath
  • 957 ft²
1701 Meridian Avenue, Waco, TX, 76708 Listing by Javier Paniagua

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Ashley Burgess Weist, Kelly, Realtors
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 196552
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2737 Cherry Hill Square built and last sold?
The property at 2737 Cherry Hill Square was built in 1979 and last sold on Nov 14, 2020 for $225,000.
How much is this home worth?
The estimated value of the home located at 2737 Cherry Hill Square is $0.
What are some comparable homes to 2737 Cherry Hill Square?
There are currently no comparable homes to 2737 Cherry Hill Square.
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