$550,000
●
House -
Off Market
3408 Parkridge Drive
Corinth, TX 76210
3 Beds
2 Baths
2,563 Ft²
$643,407
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
***WOW*** LOCATION*LOCATION*LOCATION!!! HIGHLY DESIRED AREA! PRICED
FOR LAND VALUE ONLY! AS-IS NO VALUE FOR HOUSE. Right next to Lake
Lewisville!!! Hard to find 4.355 acres in this area among MILLION
DOLLAR properties at the end of Turbeville Rd! Over 30+ PECAN TREES
in front on property and heavily treed Oaks in back! Older 3 beds 2
bath stucco home with a fireplace that could be renovated or BUILD
YOUR DREAM HOME on this small Ranchette!!! County living surrounded
by trees for peace and quiet but minutes from City Conveniences!
Don't MISS OUT to own your own small farm and ranch acreage amongst
McMansions all around! Driveway shared with neighbor, go to the
RIGHT overgrown driveway to the house, not the left!
Unit Size
2,563 Ft²
Days on Market
-
Land Size
4.36 acres
Price per sqft
$215
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
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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: 5 months ago (NTREIS #14573000)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 7, 2023 | Sold | ||
| Sold | |||
| Sep 29, 2023 | Listed by KELLER WILLIAMS REALTY | $500,000 | |
| Listed by KELLER WILLIAMS REALTY | |||
| | |||
|
Nestled in the tranquil vicinity of Lake Lewisville, this property offers a unique opportunity for those seeking a serene retreat with proximity to nature's beauty and city living. This 2.249 acres gem of a property, you'll quickly realize that the true treasure lies in its exceptional location and the sprawling land it offers. While a home graces the property, the true value here is the land and the location. There is no seller's disclosure as this property is being sold as a receivership case, any sale is subject to court approval. Buyer and buyer agent to do their due diligence.
| |||
| Jun 18, 2021 | Sold | ||
| Sold | |||
| May 7, 2021 | Listed by Real Estate Corridor, Inc. | $549,900 | |
| Listed by Real Estate Corridor, Inc. | |||
| | |||
|
***WOW*** LOCATION*LOCATION*LOCATION!!! HIGHLY DESIRED AREA! PRICED FOR LAND VALUE ONLY! AS-IS NO VALUE FOR HOUSE. Right next to Lake Lewisville!!! Hard to find 4.355 acres in this area among MILLION DOLLAR properties at the end of Turbeville Rd! Over 30+ PECAN TREES in front on property and heavily treed Oaks in back! Older 3 beds 2 bath stucco home with a fireplace that could be renovated or BUILD YOUR DREAM HOME on this small Ranchette!!! County living surrounded by trees for peace and quiet but minutes from City Conveniences! Don't MISS OUT to own your own small farm and ranch acreage amongst McMansions all around! Driveway shared with neighbor, go to the RIGHT overgrown driveway to the house, not the left!
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Corinth
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Listed by: Patty Mccallum, Real Estate Corridor, Inc.
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14573000
Details provided by NTREIS and may not match the public record
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14573000
Details provided by NTREIS and may not match the public record
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