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Trophy Club 76262
308 Inverness Drive
$365,000
● House - Off Market

308 Inverness Drive

Trophy Club, TX 76262
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,354 Ft²
$499,954
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

FABULOUS 3 bedroom, 2.1 bath one story home nestled among mature trees in Trophy Club!! Easy access to dining and shopping. Inside you will see a sunken living room, vaulted ceiling and wood beams, wood pellet stove, wet bar with wine fridge, a modern kitchen with granite, stainless appliances including the fridge, matching cabinetry in utility room and kitchen, dining room, media room with equipment, court yard in the center of home, master retreat with dual sinks, large soaking tub, his and hers closets, well manicured yard, electric gate, 2 water heaters, 2 HVAC units, VERY well maintained and lots of storage. Just imagine drinking coffee in the courtyard! Make this home YOUR NEXT HOME!!!
Unit Size
2,354 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$155
Property Type
House
Property Taxes
$686
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: 3 years ago (NTREIS #14351931)

Price History

Date / Event Date Event Price
Aug 3, 2020 Sold
Premium
Sold
May 26, 2020 Listed by Fathom Realty, LLC $365,000
Listed by Fathom Realty, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 10
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 450
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 52
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,580
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 2,669
  • Gross Building Area: 2,669
  • Building Area: 2,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,219
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROPHY CLUB # 3
  • Land Acres: 0000000335
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: TROPHY CLUB # 3 LOT 183

Neighborhood

  • School District Name: Northwest Independent School District
  • Census Tract: 020305

Geography

  • Assessors Map Reference: 657-K
  • Parcel: R72348
  • Lot: 183
  • Municipality: TOWN OF TROPHY CLUB
  • Latitude: 32.9912
  • Longitude: -97.1721

    Address

  • Full Address: 308 Inverness Dr
  • Address - House Number: 308
  • Address - Street Name: Inverness
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Roanoke
  • Carrier Code: R007
  • 4-Digit Zip Code: 5566
  • Zip Code: 76262

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $809,556
  • Tax Rate Code Area: W03

    Appraisal Valuation

  • Standard Deviation: 0.2266
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 575,001
  • High Value: 705,323
  • Low Value: 444,679

    Market Valuation

  • Market Total Value: $591,430
  • Market Land Value: $109,148
  • Market Improvement Value: $482,282

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $460,246
  • Assessed Land Value: $109,148
  • Assessed Improvements Value: $482,282

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2020-114567
  • Previous Sale Recording Date: Oct 09, 2007
  • Previous Sale Contract Date: Oct 05, 2007
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 71
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 Trophy Club

Stats & Trends

Median Asking:

$799,950

Sale Price/ft²

$257

Below Asking

0.02%

Average Days on Market

53

Average Home Size

3465 ft²

Average Home Age

29.1 years

Currently For Sale

39 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 117 Summit Cove, Trophy Club, TX, 76262

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,927 ft²
117 Summit Cove, Trophy Club, TX, 76262 Listing by Maria Schulle

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michelle West, Fathom Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14351931
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 308 Inverness Drive built and last sold?
The property at 308 Inverness Drive was built in 1979 and last sold on Aug 3, 2020 for $410,600.
How much is this home worth?
The estimated value of the home located at 308 Inverness Drive is $0.
What are some comparable homes to 308 Inverness Drive?
There are currently no comparable homes to 308 Inverness Drive.
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