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Wise 76225
325 County Road 1180
$579,000
● House - Off Market

325 County Road 1180

Alvord, TX 76225
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,320 Ft²
$579,971
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

New completed construction!  Gorgeous 4 bedroom, 3 full bath modern farmhouse situated on a hill with covered oaks, a scenic view of a pond, and large front porch and back porch!  This stunning home includes a rock fireplace, granite throughout, a warm inviting color palette, a large back porch, and rustic beams over the living, foyer, and kitchen.  The master suite is connected to the laundry and mud area.  This warm, inviting home offers tons of curb appeal with landscaping, a sprinkler system, and a board and batten exterior with rock and cedar accents.  Conveniently located near Hwy 287 between Decatur and Alvord, this home is part of the Decatur school district.  Just a 5 minute drive to downtown Decatur!
Unit Size
2,320 Ft²
Days on Market
-
Land Size
2.01 acres
Price per sqft
$250
Property Type
House
Property Taxes
$116
HOA Dues
-
Year Built
2022

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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 #20242211)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
Jan 27, 2023 Listed by Parker Properties Real Estate $579,000
Listed by Parker Properties Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 601
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,556
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,372
  • Building Area: 2,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,372
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBLES ESTATES
  • Land Acres: 0000002010
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 4 BLK 1 ROBLES ESTATES

Neighborhood

  • School District Name: Decatur Independent School District
  • School Tax School District: DECATUR ISD
  • School Tax District Code 2: FM FLOOD-LATERA
  • School Tax District Code 3: WCID #1
  • Census Tract: 150101

Geography

  • Account Number: 000200002068
  • Parcel: R2620.0104.00
  • Block: 1
  • Lot: 4
  • Municipality: ALVORD
  • Latitude: 33.2832
  • Longitude: -97.6409

    Address

  • Full Address: 325 County Road 1180
  • Address - House Number: 325
  • Address - Street Name: County Road 1180
  • State: TX
  • City Name: Alvord
  • Carrier Code: R001
  • 4-Digit Zip Code: 7502
  • Zip Code: 76225

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $456,259
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 574,023
  • High Value: 672,546
  • Low Value: 475,501

    Market Valuation

  • Market Total Value: $377,666
  • Market Land Value: $101,494
  • Market Improvement Value: $276,172

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,666
  • Assessed Land Value: $101,494
  • Assessed Improvements Value: $276,172

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Jun 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8336
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 Wise

Stats & Trends

Median Asking:

$394,900

Sale Price/ft²

$196

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2471 ft²

Average Home Age

4.7 years

Currently For Sale

546 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: Kaysi Hamilton, Parker Properties Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20242211
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 325 County Rd 1180 built and last sold?
The property at 325 County Rd 1180 was built in 2022 and last sold on Jun 20, 2023 for $731,566.
How much is this home worth?
The estimated value of the home located at 325 County Rd 1180 is $0.
What are some comparable homes to 325 County Rd 1180?
There are currently no comparable homes to 325 County Rd 1180.
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