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Mesquite 75150 Casa View Heights
3505 Gray Drive
$249,000
● House - Off Market

3505 Gray Drive

Mesquite, TX 75150
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,212 Ft²
$240,650
RealtyHop Estimate
-1.74%
Since Aug 1, 2023
TX-Dallas
Primary Model

About This Property

Nicely updated home with NEW HVAC, interior paint, refreshed hdwood floors, cfans, & LED lighting. Updated kitchen has quartz ctops, stainless appliances, new flooring, & sink faucet. All new hall bath has NEW tub, wall tile, vanity cab, flooring, & lighting. Full size Laundry room off kitchen. Dining room overlooks the large backyard. New cfans in all bedrooms. Nicely landscaped. DISCLOSURES in list docs. Seller has NO SURVEY.
Unit Size
1,212 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$202
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1958

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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 #20357109)

Price History

Date / Event Date Event Price
Jul 10, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by IP Realty, LLC $244,900
Listed by IP Realty, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,970
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,524
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 11
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASA VIEW HEIGHTS 16 5TH
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: CASA VIEW HEIGHTS 16 5TH SEC BLK 11 LT 28 INT202300066883 DD03282023 CO-DC 0335001102800 1CM03350011

Neighborhood

  • School District Name: Mesquite Independent School District
  • School Tax School District: MESQUITE ISD
  • Census Tract: 017900

Zoning

  • Zoning: Z372

Geography

  • Assessors Map Reference: 380335001102800
  • Account Number: 380335001102800
  • Subdivision Tract Number: 3350
  • Parcel: 38-03350-011-028-0000
  • Block: 11
  • Lot: 28
  • Municipality: MESQUITE
  • Latitude: 32.8166
  • Longitude: -96.6516

    Address

  • Full Address: 3505 Gray Dr
  • Address - House Number: 3505
  • Address - Street Name: Gray
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mesquite
  • Carrier Code: C019
  • 4-Digit Zip Code: 2118
  • Zip Code: 75150

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $431,403
  • Tax Rate Code Area: MS

    Appraisal Valuation

  • Standard Deviation: 0.2312
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 265,406
  • High Value: 326,771
  • Low Value: 204,042

    Market Valuation

  • Market Total Value: $171,030
  • Market Land Value: $40,000
  • Market Improvement Value: $131,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,030
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $131,030

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 134820
  • Previous Sale Recording Date: Apr 07, 2023
  • Previous Sale Contract Date: Mar 28, 2023
  • Previous Sale Amount: $266,000
  • Previous Sale Document Type: 27
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 Casa View Heights

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$169

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1364 ft²

Average Home Age

66.7 years

Currently For Sale

25 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 2204 Dunloe Avenue, Dallas, TX, 75228

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,607 ft²
2204 Dunloe Avenue, Dallas, TX, 75228 Listing by Jessi Chavez
Unit for rent at 4636 Gleneagle Street, Mesquite, TX, 75150

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,897 ft²
4636 Gleneagle Street, Mesquite, TX, 75150 Listing by May Wang
Unit for rent at 2907 Andrea Lane, Dallas, TX, 75228

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,392 ft²
2907 Andrea Lane, Dallas, TX, 75228 Listing by Rachel Lankri

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Mark Fuller, IP Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20357109
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3505 Gray Drive built and last sold?
The property at 3505 Gray Drive was built in 1958 and last sold on Jul 7, 2023 for $314,611.
How much is this home worth?
The estimated value of the home located at 3505 Gray Drive is $0.
What are some comparable homes to 3505 Gray Drive?
There are currently no comparable homes to 3505 Gray Drive.
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