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El Paso 79907 Penrose
304 PETTY Lane
$173,000
● House - Off Market

304 PETTY Lane

El Paso, TX 79907
bedrooms
4 Beds
bathrooms
2 Baths
$1,207
Est. Monthly
11.30%
Cap Rate

About This Property

Great investment opportunity for a rental or move in ready home. Featuring 1,421sf, 4 bedrooms, 2 bathrooms, and a garage conversion. Cash preferred because utilities are off. Will accept loan offers with the pretense of activating utilities.
Unit Size
-
Days on Market
68 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1971

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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: 5 months ago (GEPAR MLS #906603)

Price History

Date / Event Date Event Price
Oct 16, 2024 Sold
Premium
Sold
Aug 29, 2024 In contract -
In contract
Aug 9, 2024 Listed by Home Pros Real Estate Group $166,000
Listed by Home Pros Real Estate Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 2
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,421
  • Gross Building Area: 1,681
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAN CARLOS
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: 5 SAN CARLOS LOT 2 (6000.00 SQ FT)

Neighborhood

  • School District Name: Ysleta Independent School District
  • Census Tract: 004104

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: Z-48
  • Parcel: S065-999-0050-0300
  • Lot: 2
  • Municipality: CITY OF EL PASO
  • Latitude: 31.7075
  • Longitude: -106.329

    Address

  • Full Address: 304 Petty Ln
  • Address - House Number: 304
  • Address - Street Name: Petty
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: El Paso
  • Carrier Code: C060
  • 4-Digit Zip Code: 4516
  • Zip Code: 79907

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $205,455
  • Initial Tax Delinquent Year: 1993
  • Tax Rate Code Area: 08

    Appraisal Valuation

  • Standard Deviation: 0.1869
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 75
  • Final Value: 176,255
  • High Value: 209,205
  • Low Value: 143,305

    Market Valuation

  • Market Total Value: $154,352
  • Market Land Value: $10,800
  • Market Improvement Value: $143,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,231

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Penrose

Stats & Trends

Median Asking:

$204,900

Sale Price/ft²

$191

Above Asking

0.00%

Average Days on Market

49

Average Home Size

2100 ft²

Average Home Age

37.7 years

Currently For Sale

3 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 329 Sereno Dr Drive, El Paso, TX, 79907

$1,900 /mo

  • 3 Beds
  • 2 Baths
329 Sereno Dr Drive, El Paso, TX, 79907 Listing by Jeniffer Espinoza
Unit for rent at 1377 Vista Granada Drive, El Paso, TX, 79936

$1,850 /mo

  • 4 Beds
  • 2 Baths
  • 2,361 ft²
1377 Vista Granada Drive, El Paso, TX, 79936 Listing by Candace Nicole Vasquez

Rentals Near You

Click here to view more rentals in the neighborhood.
GEPAR

Listed by: Luis Angel Guzman, Home Pros Real Estate Group
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 906603
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 304 Petty Lane built and last sold?
The property at 304 Petty Lane was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 304 Petty Lane is $0.
What are some comparable homes to 304 Petty Lane?
There are currently no comparable homes to 304 Petty Lane.
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