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Lakewood Village 75068 The Shores of Lakewood Village
401 Hillside Drive
$230,000
● House - Off Market

401 Hillside Drive

Lakewood Village, TX 75068
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,203 Ft²
$307,554
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Desirable lakefront community of Lakewood Village!  Don't miss out!  2 minute walk to Lewisville lake. Large corner double lot with plenty of space. Property has a Newer roof. Open and spacious living area with all bedrooms down, large 2nd living-gameroom up with balcony and full bath.  Galley Kitchen with lots of natural light and storage space.  Open owners suite with double vanities in bath.  Large secondary bedrooms & Second bath with granite counters!  Swing front garage offers extra driveway space. Covered patio in back. Home is sold as-is needs possible foundation repair.
Unit Size
2,203 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$104
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #14411582)

Price History

Date / Event Date Event Price
Oct 23, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by JP and Associates Southlake $230,000
Listed by JP and Associates Southlake

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 464
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,600
  • Total Building Area: 2,667
  • Gross Building Area: 2,667
  • Building Area: 2,203
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,203
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD VILLAGE SEC 1
  • Land Acres: 0000000427
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LAKEWOOD VILLAGE SEC 1 BLK D LOT 23,24

Neighborhood

  • School District Name: Little Elm Independent School District
  • Census Tract: 020115

Geography

  • Assessors Map Reference: 563-M
  • Parcel: R44890
  • Block: D
  • Lot: 23,24
  • Municipality: LAKEWOOD VILLAGE CITY
  • Latitude: 33.1431
  • Longitude: -96.9691

    Address

  • Full Address: 401 Hillside Dr
  • Address - House Number: 401
  • Address - Street Name: Hillside
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Little Elm
  • Carrier Code: R003
  • 4-Digit Zip Code: 4320
  • Zip Code: 75068

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $692,564
  • Tax Rate Code Area: S10

    Appraisal Valuation

  • Standard Deviation: 0.1978
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 481,636
  • High Value: 576,913
  • Low Value: 386,359

    Market Valuation

  • Market Total Value: $389,741
  • Market Land Value: $181,800
  • Market Improvement Value: $207,941

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $389,741
  • Assessed Land Value: $181,800
  • Assessed Improvements Value: $207,941

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 26, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-171401
  • Previous Sale Recording Date: Oct 14, 2014
  • Previous Sale Contract Date: Oct 09, 2014
  • Previous Sale Amount: $164,200
  • 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 The Shores of Lakewood Village

Stats & Trends

Median Asking:

$749,900

Sale Price/ft²

$240

Below Asking

0.04%

Average Days on Market

128

Average Home Size

3587 ft²

Average Home Age

6.4 years

Currently For Sale

13 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 1225 Lake Haven Drive, Little Elm, TX, 75068

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,131 ft²
1225 Lake Haven Drive, Little Elm, TX, 75068 Listing by Aryanto Putera
Unit for rent at 407 Cherry Laurel Drive, Little Elm, TX, 75068

$2,395 /mo

  • 4 Beds
  • 2 Baths
  • 1,818 ft²
407 Cherry Laurel Drive, Little Elm, TX, 75068 Listing by Jency Hills

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Felicia Johnson, JP and Associates Southlake
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14411582
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 401 Hillside Drive built and last sold?
The property at 401 Hillside Drive was built in 1974 and last sold on Oct 23, 2020 for $354,600.
How much is this home worth?
The estimated value of the home located at 401 Hillside Drive is $251,559.
What are some comparable homes to 401 Hillside Drive?
There are currently no comparable homes to 401 Hillside Drive.
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