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Newcastle 73065
3492 Falling River Drive
$610,000
● House - Off Market

3492 Falling River Drive

Newcastle, OK 73065
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,762 Ft²
$4,091
Est. Monthly
$450
HOA / Fees
4.57%
Cap Rate

About This Property

This is the one you've been waiting for! Immaculate better than new home on over a half acre with a pristine pool! This gorgeous updated home adorns 5 bedrooms or 4 with a true office (has closet), 3 full bathrooms, wood look tile flooring, all new interior white paint, plantation shutters, and tons of storage.  This dream kitchen has quartz countertops, large farm sink, stainless steel appliances, under cabinet lighting, soft close cabinets/drawers, spice and utensil drawers and a built in gas range and oven. Oversized 3 car garage with safe room, epoxy garage floor and a 21 zone sprinkler system.  HUGE outdoor covered patio with plenty of room for entertaining and enjoying the pristine hot tub and pool!  Tankless hot water heater, vinyl fencing, post tension slab; this home has it all!
Unit Size
2,762 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$226
Property Type
House
Property Taxes
$571
HOA Dues
$450
Year Built
2021

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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 (MLSOK #OKC1131900)

Price History

Date / Event Date Event Price
Oct 4, 2024 Sold
Premium
Sold
Aug 30, 2024 Listed by Turner Real Estate Team, Inc $625,000
Listed by Turner Real Estate Team, Inc
Jun 21, 2023 Sold
Premium
Sold
Jun 14, 2023 No longer available -
No longer available
Apr 15, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 28,904
  • Total Building Area: 2,731
  • Building Area: 2,731
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,731
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERVIEW ESTATES SEC 1
  • Land Acres: 0000000663
  • Standard Land Use Code: 1001
  • County Land Use Code: SF
  • Legal Description 1: BLK 3 LOT 21 RIVERVIEW ESTATES SECTION 1 NEWCASTLE

Neighborhood

  • School District Name: Newcastle Public Schools
  • School Tax School District: NEWCASTLE SD
  • School Tax District Code 2: NEWCASTLE
  • Census Tract: 400106

Geography

  • Account Number: 29515
  • Section: 1
  • Parcel: RVS1-00-003-021-0-000-00
  • Block: 3
  • Lot: 21
  • Meridian: SEC 33 TWN 10 RNG 04
  • Municipality: NEWCASTLE CITY
  • Latitude: 35.2964
  • Longitude: -97.63

    Address

  • Full Address: 3492 Falling River Dr
  • Address - House Number: 3492
  • Address - Street Name: Falling River
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Newcastle
  • Carrier Code: R001
  • 4-Digit Zip Code: 6616
  • Zip Code: 73065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $685,600
  • Tax Rate Code Area: 206

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 74
  • Final Value: 587,179
  • High Value: 701,414
  • Low Value: 472,943

    Market Valuation

  • Market Total Value: $550,454
  • Market Land Value: $65,000
  • Market Improvement Value: $485,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,751
  • Assessed Land Value: $7,147
  • Assessed Improvements Value: $51,604

    Sales

  • Current Sale Contract Date: May 19, 2023
  • Current Sale Recording Date: Jun 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7574
  • Previous Sale Recording Date: Sep 29, 2021
  • Previous Sale Contract Date: Sep 21, 2021
  • Previous Sale Amount: $472,000
  • Previous Sale Document Type: 71
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 Newcastle

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$171

Below Asking

0.01%

Average Days on Market

87

Average Home Size

2941 ft²

Average Home Age

11.1 years

Currently For Sale

109 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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MLSOK

Listed by: Mindy Turner, Turner Real Estate Team, Inc
Last Updated: 3 years ago
Data Source: MLSOK, MLS# OKC1131900
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 MLSOK, Inc. All rights reserved.

Frequently Asked Questions

When was property at 3492 Falling River Drive built and last sold?
The property at 3492 Falling River Drive was built in 2021 and last sold on May 19, 2023 for $590,000.
How much is this home worth?
The estimated value of the home located at 3492 Falling River Drive is $0.
What are some comparable homes to 3492 Falling River Drive?
There are currently no comparable homes to 3492 Falling River Drive.
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