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Murphy 75094 The Timbers
324 Woodlake Drive
$470,000
● House - Off Market

324 Woodlake Drive

Murphy, TX 75094
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,000 Ft²
$386,108
RealtyHop Estimate
-2.25%
Since Apr 1, 2022
TX-Dallas
Primary Model

About This Property

Welcome home! Completely renovated gorgeous  3 bedroom, 2 bathroom home located near Timbers Nature Preserve. Don't miss the  tons of upgrades throughout this home. Check out the beautiful new master bath and kitchen.  Huge Living room and dinning room, new custom windows, new deck off the family room and  patio space by living room is great for entertaining. New stainless steel  appliances, flooring, new roof 2020 and many more.   Plano ISD and close to shopping & restaurants. New refrigerator included. MULTIPLE OFFERS SITUATION PLEASE SUBMIT BEST OFFER BY SUNDAY 5 PM. THANK YOU
Unit Size
2,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$198
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #14766203)

Price History

Date / Event Date Event Price
Mar 28, 2022 Sold
Premium
Sold
Mar 1, 2022 Listed by JPAR - McKinney $395,000
Listed by JPAR - McKinney

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,745
  • Total Building Area: 2,480
  • Gross Building Area: 2,504
  • Building Area: 1,996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,996
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERS NO 3 (CMR)
  • Land Acres: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: TIMBERS NO 3 (CMR), BLK B, LOT 18

Neighborhood

  • School District Name: Plano Independent School District
  • School Tax School District: PLANO ISD
  • Census Tract: 031335

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 672-C
  • District: CMR
  • Parcel: R-1305-002-0180-1
  • Block: B
  • Lot: 18
  • Municipality: MURPHY CITY
  • Latitude: 33.0085
  • Longitude: -96.6063

    Address

  • Full Address: 324 Woodlake Dr
  • Address - House Number: 324
  • Address - Street Name: Woodlake
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Murphy
  • Carrier Code: R094
  • 4-Digit Zip Code: 3430
  • Zip Code: 75094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $753,272
  • Tax Rate Code Area: SPL

    Appraisal Valuation

  • Standard Deviation: 0.2106
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 495,325
  • High Value: 599,653
  • Low Value: 390,997

    Market Valuation

  • Market Total Value: $438,852
  • Market Land Value: $115,000
  • Market Improvement Value: $323,852

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $438,852
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $323,852

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 28, 2022
  • Current Sale Recording Date: Mar 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 494710
  • Previous Sale Recording Date: Oct 13, 2004
  • Previous Sale Contract Date: Oct 08, 2004
  • Previous Sale Amount: $169,800
  • Previous Sale Document Type: 70
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 The Timbers

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$186

Below Asking

0.03%

Average Days on Market

68

Average Home Size

2779 ft²

Average Home Age

26.9 years

Currently For Sale

9 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 2950 Mckinney Avenue, Dallas, TX, 75024

$2,300 /mo

  • 1 Bed
  • 1 Bath
  • 1,025 ft²
2950 Mckinney Avenue #210, Dallas, TX, 75024 Listing by Linda Bale
Unit for rent at 4109 Stockyard Station Lane, Sachse, TX, 75048

$2,500 /mo

  • 3 Beds
  • 3 Baths
  • 1,928 ft²
4109 Stockyard Station Lane, Sachse, TX, 75048 Listing by Garrett George
Unit for rent at 3114 Connor Lane, Wylie, TX, 75098

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,178 ft²
3114 Connor Lane, Wylie, TX, 75098 Listing by Scott Kotrla

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Rita George, JPAR - McKinney
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14766203
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 324 Woodlake Drive built and last sold?
The property at 324 Woodlake Drive was built in 1984 and last sold on Mar 28, 2022 for $306,300.
How much is this home worth?
The estimated value of the home located at 324 Woodlake Drive is $0.
What are some comparable homes to 324 Woodlake Drive?
There are currently no comparable homes to 324 Woodlake Drive.
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