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Whitewright 75491
314 W Highland Drive
$105,000
● House - Off Market

314 W Highland Drive

Whitewright, TX 75491
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,504 Ft²
$161,113
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Great Price! $23,000 below assessed value! Great Value for someone wanting to do a flip or buy and hold as a rental! Property is directly across from Whiteright Elementary! Great location! Large lot with huge front and back yards. Was recently leased for $1100 per month.  Great investment opportunity.  It's ok like it is, but with a re-hab, you've got a great property that will be very easy to lease! Master shower tile is falling off and will all need to be re-done.  Eaves are vinyl, so upkeep should be low.  Listing Agent is a member of the LLC which owns the property. Instant and additional equity for someone willing to do a little work! 413 Highland sold for $111 per square foot. $111 x 1504sf = $166,944!
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$73
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1965

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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 #14177896)

Price History

Date / Event Date Event Price
Oct 31, 2019 Sold
Premium
Sold
Sep 5, 2019 Listed by The Michael Group $110,000
Listed by The Michael Group

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 0
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,252
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,864
  • Gross Building Area: 1,864
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND PARK ADDN
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HIGHLAND PARK ADDN, BLOCK 1, LOT 20, ACRES .2583

Neighborhood

  • School District Name: Whitewright Independent School District
  • Census Tract: 000102

Geography

  • Assessors Map Reference: 350-F
  • Parcel: 171507
  • Block: 1
  • Lot: 20
  • Municipality: WHITEWRIGHT
  • Latitude: 33.5081
  • Longitude: -96.3969

    Address

  • Full Address: 314 W Highland Dr
  • Address - House Number: 314
  • Street Direction: W
  • Address - Street Name: Highland
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Whitewright
  • Carrier Code: R001
  • 4-Digit Zip Code: 2807
  • Zip Code: 75491

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $468,647
  • Tax Rate Code Area: SWW

    Appraisal Valuation

  • Standard Deviation: 0.4796
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 4
  • Final Value: 193,851
  • High Value: 286,833
  • Low Value: 100,868

    Market Valuation

  • Market Total Value: $200,922
  • Market Land Value: $27,000
  • Market Improvement Value: $173,922

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $200,922
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $173,922

    Sales

  • Current Sale Contract Date: Oct 29, 2019
  • Current Sale Recording Date: Nov 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2019-00026989
  • Previous Sale Recording Date: Sep 29, 2015
  • Previous Sale Contract Date: Sep 18, 2015
  • Previous Sale Amount: $108,300
  • Previous Sale Document Type: 40

    Financing

  • First Mortgage Financing Type: ADJ
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 Whitewright

Stats & Trends

Median Asking:

$248,000

Sale Price/ft²

$148

Below Asking

0.04%

Average Days on Market

114

Average Home Size

1805 ft²

Average Home Age

61.3 years

Currently For Sale

21 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

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NTREIS

Listed by: Tony Fortner, The Michael Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14177896
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 314 West Highland Drive built and last sold?
The property at 314 West Highland Drive was built in 1965 and last sold on Oct 29, 2019 for $115,000.
How much is this home worth?
The estimated value of the home located at 314 West Highland Drive is $0.
What are some comparable homes to 314 West Highland Drive?
There are currently no comparable homes to 314 West Highland Drive.
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