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Wise 76234
389 Mesa Ridge
$340,000
● House - Off Market

389 Mesa Ridge

Decatur, TX 76234
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,929 Ft²
$401,888
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

NO HOA, NO city taxes, NO restrictions and sitting on app. 2.76 acres! This lovely farmhouse has easy and quick access to 287. Features include an open concept with four bedrooms, two full baths, two living areas and covered parking. Kitchen offers an island and includes all appliances. Open concept perfect for entertaining. Split bedrooms with private master with walk in closet. Own a home with a country feel, but, with easy access and short commute to the major cities. Engineered flooring and carpet. Again...No HOA, No City taxes and NO restrictions!
Unit Size
1,929 Ft²
Days on Market
-
Land Size
2.76 acres
Price per sqft
$202
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
2012

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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 #20243680)

Price History

Date / Event Date Event Price
Mar 31, 2023 Sold
Premium
Sold
Jan 25, 2023 Listed by Keller Williams Realty $390,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 120,008
  • Total Building Area: 1,929
  • Building Area: 1,929
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,929
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MESA RIDGE
  • Land Acres: 0000002755
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 28 BLK 1 MESA RIDGE

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: 150103

Geography

  • Assessors Map Reference: AIR MAP: 1110
  • Account Number: 000000760077
  • Parcel: R1022.0028.00
  • Block: 1
  • Lot: 28
  • Municipality: DECATUR
  • Latitude: 33.2035
  • Longitude: -97.5137

    Address

  • Full Address: 389 Mesa Rdg
  • Address - House Number: 389
  • Address - Street Name: Mesa
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Decatur
  • Carrier Code: R010
  • 4-Digit Zip Code: 5253
  • Zip Code: 76234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,247
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.2427
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 294,308
  • High Value: 365,742
  • Low Value: 222,874

    Market Valuation

  • Market Total Value: $389,774

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,398

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4216
  • Previous Sale Recording Date: Apr 24, 2013
  • Previous Sale Contract Date: Apr 19, 2013
  • Previous Sale Amount: $196,300
  • 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 Wise

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$197

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2445 ft²

Average Home Age

18.3 years

Currently For Sale

532 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: Russ Kidwell, Keller Williams Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20243680
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 389 Mesa Ridge Drive built and last sold?
The property at 389 Mesa Ridge Drive was built in 2012 and last sold on Mar 31, 2023 for $119,700.
How much is this home worth?
The estimated value of the home located at 389 Mesa Ridge Drive is $395,057.
What are some comparable homes to 389 Mesa Ridge Drive?
There are currently no comparable homes to 389 Mesa Ridge Drive.
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