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Johnson 76044 Hill Top Ranch
401 Lariat Lane
$315,000
● House - Off Market

401 Lariat Lane

Godley, TX 76044
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,384 Ft²
$1,695
Est. Monthly
7.05%
Cap Rate

About This Property

MULTIPLE OFFERS RECEIVED! ALL OFFERS DUE BY TUESDAY, 3-26 AT 10 AM.  SUPER CUTE open concept home, bursting with character!!! This updated home sits on almost an acre OUTSIDE of city limits without an HOA.  The home boasts a split bedroom design, with charming touches throughout.  Situated in the highly desired Godley ISD, this house is ready for it's new owners.  The living rooms has a cozy wood-burning fireplace.  The owner's suite is roomy and can hold a king sized bed comfortably.  The kitchen has tons of updates, and lots of windows allowing natural light to filter throughout.  Do you like to entertain?  The backyard is big enough for all of your friends and family.  Don't miss your opportunity to snag this home before someone else does!
Unit Size
1,384 Ft²
Days on Market
-
Land Size
0.95 acres
Price per sqft
$206
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1999

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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 #20567930)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Mar 22, 2024 Listed by x2 Realty Group $285,000
Listed by x2 Realty Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 445
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,382
  • Total Building Area: 1,384
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL TOP RANCH ESTATES
  • Land Acres: 0000000950
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 40 HILLTOP RANCH

Neighborhood

  • School District Name: Godley Independent School District
  • School Tax School District: GODLEY ISD
  • Census Tract: 130100

Geography

  • Assessors Map Reference: 126.3135.00720
  • Account Number: R000047545
  • Parcel: 126-3135-00720
  • Lot: 40
  • Municipality: GODLEY
  • Latitude: 32.4509
  • Longitude: -97.5196

    Address

  • Full Address: 401 Lariat Ln
  • Address - House Number: 401
  • Address - Street Name: Lariat
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Godley
  • Carrier Code: R002
  • 4-Digit Zip Code: 3818
  • Zip Code: 76044

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $353,643
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 316,490
  • High Value: 392,245
  • Low Value: 240,735

    Market Valuation

  • Market Total Value: $211,523
  • Market Land Value: $55,000
  • Market Improvement Value: $156,523

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $211,523
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $156,523

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 20, 2017
  • Current Sale Recording Date: Feb 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2017-04410
  • Previous Sale Recording Date: Aug 28, 2008
  • Previous Sale Contract Date: Aug 19, 2008
  • Previous Sale Amount: $156,700
  • 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 Hill Top Ranch

Stats & Trends

Median Asking:

$1,785,000

Sale Price/ft²

$340

Above Asking

0.00%

Average Days on Market

130

Average Home Size

3794 ft²

Average Home Age

15 years

Currently For Sale

2 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 536 Highview Court, Godley, TX, 76044

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,786 ft²
536 Highview Court, Godley, TX, 76044 Listing by Tabbatha Costanza Konen

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Christina Chambliess, x2 Realty Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20567930
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 401 Lariat Lane built and last sold?
The property at 401 Lariat Lane was built in 1999 and last sold on Feb 20, 2017 for $149,300.
How much is this home worth?
The estimated value of the home located at 401 Lariat Lane is $291,587.
What are some comparable homes to 401 Lariat Lane?
There are currently no comparable homes to 401 Lariat Lane.
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