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Ponder 76259 Remington Park
318 Preakness Lane
$300,000
● House - Off Market

318 Preakness Lane

Ponder, TX 76259
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,575 Ft²
$307,264
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Great starter home.  4 Split Bedrooms   Fresh paint and new carpet.  Kitchen has new SS appliances and granite.  All new carpet.  Small covered patio. New Roof.
Unit Size
1,575 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$194
Property Type
House
Property Taxes
$486
HOA Dues
$15
Year Built
2017

Payment Calculator

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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 #20272185)

Price History

Date / Event Date Event Price
May 26, 2023 Sold
Premium
Sold
Mar 6, 2023 Listed by Home Capital Realty LLC $304,900
Listed by Home Capital Realty LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 387
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,882
  • Total Building Area: 1,946
  • Gross Building Area: 1,946
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REMINGTON PARK PHASE 5
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: REMINGTON PARK PHASE 5 BLK 9 LOT 10

Neighborhood

  • School District Name: Northwest Independent School District
  • Census Tract: 020314

Geography

  • Parcel: R702161
  • Block: 9
  • Lot: 10
  • Municipality: PONDER
  • Latitude: 33.1749
  • Longitude: -97.2836

    Address

  • Full Address: 318 Preakness Ln
  • Address - House Number: 318
  • Address - Street Name: Preakness
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Ponder
  • Carrier Code: R004
  • 4-Digit Zip Code: 1505
  • Zip Code: 76259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $672,229
  • Tax Rate Code Area: S13

    Appraisal Valuation

  • Standard Deviation: 0.2109
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 343,510
  • High Value: 415,974
  • Low Value: 271,046

    Market Valuation

  • Market Total Value: $320,600
  • Market Land Value: $55,986
  • Market Improvement Value: $264,614

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,600
  • Assessed Land Value: $55,986
  • Assessed Improvements Value: $264,614

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 54854
  • Previous Sale Recording Date: Dec 20, 2022
  • Previous Sale Contract Date: Dec 06, 2022
  • Previous Sale Amount: $246,000
  • Previous Sale Document Type: 27

    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 Remington Park

Stats & Trends

Median Asking:

$297,450

Sale Price/ft²

$163

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2562 ft²

Average Home Age

14 years

Currently For Sale

5 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 249 Meadowlands Drive, Ponder, TX, 76259

$2,600 /mo

  • 4 Beds
  • 2 Baths
  • 2,450 ft²
249 Meadowlands Drive, Ponder, TX, 76259 Listing by Melissa Stary

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Scott Cameron, Home Capital Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20272185
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 318 Preakness Lane built and last sold?
The property at 318 Preakness Lane was built in 2017 and last sold on May 26, 2023 for $339,150.
How much is this home worth?
The estimated value of the home located at 318 Preakness Lane is $302,974.
What are some comparable homes to 318 Preakness Lane?
There are currently no comparable homes to 318 Preakness Lane.
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