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Hood 76049
3909 Monterrey Drive
$350,000
● House - Off Market

3909 Monterrey Drive

Granbury, TX 76049
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,012 Ft²
$390,275
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Great home on large lot with easy access to commute to Weatherford or metroplex, this 3 bedroom 2 bath home in an established neighborhood just North of Granbury off Hwy 51 North minutes from Historic square.   Home is situated on a cul-de-sac and has a large backyard with with storage building on side of home with one in back yard.  The back porch is oversized with a site built fireplace for entertaining or sitting and enjoying the crisp evenings.   Neighborhhood has a community boat launch and day dock.   NO HOA.   Home has engineered wood floors throughout and ceramic tile in kitchen, bath and utilities.  Garage is oversized with 2 car parking and golf cart garage or 3rd car area.
Unit Size
2,012 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$174
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1997

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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 #14705257)

Price History

Date / Event Date Event Price
Nov 29, 2021 Sold
Premium
Sold
Nov 7, 2021 Listed by Keller Williams Brazos West $350,000
Listed by Keller Williams Brazos West

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,140
  • Total Building Area: 2,012
  • Building Area: 2,012
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,012
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAGUNA VISTA LTD
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT: 38 BLK: 6 SUBD: LAGUNA VISTA LTD

Neighborhood

  • School District Name: Granbury Independent School District
  • Census Tract: 160216

Geography

  • Parcel: 12950.006.0038.0
  • Block: 6
  • Lot: 38
  • Municipality: GRANBURY
  • Latitude: 32.5003
  • Longitude: -97.8055

    Address

  • Full Address: 3909 Monterrey Dr
  • Address - House Number: 3909
  • Address - Street Name: Monterrey
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Granbury
  • Carrier Code: R014
  • 4-Digit Zip Code: 1613
  • Zip Code: 76049

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $276,609

    Appraisal Valuation

  • Standard Deviation: 0.2195
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 385,808
  • High Value: 470,510
  • Low Value: 301,105

    Market Valuation

  • Market Total Value: $336,360
  • Market Land Value: $25,000
  • Market Improvement Value: $311,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,360
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $311,360

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-0021163
  • Previous Sale Recording Date: Jun 27, 2007
  • Previous Sale Contract Date: Jun 03, 2007
  • Previous Sale Amount: $5,600
  • 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 Hood

Stats & Trends

Median Asking:

$358,880

Sale Price/ft²

$192

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2120 ft²

Average Home Age

19.8 years

Currently For Sale

660 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: Steve Berry, Keller Williams Brazos West
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14705257
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3909 Monterrey Drive built and last sold?
The property at 3909 Monterrey Drive was built in 1997 and last sold on Nov 29, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 3909 Monterrey Drive is $355,275.
What are some comparable homes to 3909 Monterrey Drive?
There are currently no comparable homes to 3909 Monterrey Drive.
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