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Franklin 75457
303 Azalea Lane
$62,500
● House - Off Market

303 Azalea Lane

Mount Vernon, TX 75457
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,532 Ft²
$86,157
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

NEW PRICE!!  PRICED TO SELL!! GREAT BUY FOR AN INVESTOR, WEEKEND HOME OR PERMANENT HOME!! This 3-2-2 home has a huge living room with a WBFP, extra large kitchen-dining room area. Also has a bright room that could be a family room, library with shelves,arts and craft room. Master bedroom with a large walk in closet. Master bath has a handicap bathtub, abundant storagespace, large vanity and shelves. Guest bath has a shower. Laundry closet with shelves. One of the bedrooms needs to befinished. Large front porch, covered porch on the back. Kitchen and dining room open onto the front porch. Bright openkitchen with abundant counterspace and cabinets, dishwasher and trash compactor. Near Lake Cypress Springs
Unit Size
2,532 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$26
Property Type
House
Property Taxes
-
HOA Dues
$8
Year Built
1998

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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 #14367983)

Price History

Date / Event Date Event Price
Nov 20, 2020 Sold
Premium
Sold
Jun 17, 2020 Listed by Lone Star Realty Winnsboro $65,000
Listed by Lone Star Realty Winnsboro

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 750
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,915
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,707
  • Gross Building Area: 3,707
  • Building Area: 3,707
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRES LAGOS
  • Land Acres: 0000000457
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: AB 46 C A BROWNLEE LT 362, 363 UN 1 TRES LAGOS

Neighborhood

  • School District Name: Mount Vernon Independent School District
  • Census Tract: 950101

Geography

  • Account Number: 12545
  • Parcel: 03540-00000-00362-000000
  • Lot: 362,363
  • Municipality: MOUNT VERNON
  • Latitude: 33.1055
  • Longitude: -95.182

    Address

  • Full Address: 303 Azalea Ln
  • Address - House Number: 303
  • Address - Street Name: Azalea
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Mount Vernon
  • Carrier Code: R003
  • 4-Digit Zip Code: 7552
  • Zip Code: 75457

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $299,495
  • Tax Rate Code Area: 1 2 3 34 2

    Appraisal Valuation

  • Standard Deviation: 0.2748
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 203,594
  • High Value: 259,545
  • Low Value: 147,643

    Market Valuation

  • Market Total Value: $208,540
  • Market Land Value: $12,000
  • Market Improvement Value: $196,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,540
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $196,540

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 161732
  • Previous Sale Recording Date: Dec 08, 2020
  • Previous Sale Contract Date: Nov 24, 2020
  • Previous Sale Amount: $62,500
  • Previous Sale Document Type: 68
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 Franklin

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$225

Below Asking

0.04%

Average Days on Market

92

Average Home Size

2426 ft²

Average Home Age

33.6 years

Currently For Sale

67 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

Rentals Near You

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NTREIS

Listed by: Katie Thornton, Lone Star Realty Winnsboro
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14367983
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 303 Azalea Lane built and last sold?
The property at 303 Azalea Lane was built in 1998 and last sold on Mar 29, 2021 for $5,000.
How much is this home worth?
The estimated value of the home located at 303 Azalea Lane is $0.
What are some comparable homes to 303 Azalea Lane?
There are currently no comparable homes to 303 Azalea Lane.
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