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Ponder 76259 High Meadows North
402 Madison Place
$219,000
● House - Off Market

402 Madison Place

Ponder, TX 76259
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,504 Ft²
$311,119
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

THIS WILL SELL QUICK! A charming 3 bedroom 2 bath home located in the HIGHLY sought after Ponder ISD. Located in a quaint and quiet neighborhood with NO HOA that is very well maintained! This home features a smart garage door, solar screen, a Nest thermostat and a Ring doorbell. It also has a radiant barrier that keeps the home at the desired temp cutting cost on electricity. A new roof was just put on in 2019 as well a new water heater. The 12x16 shed located in the back is the perfect spot for extra storage. Don't miss out on this perfect home.
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$148
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
2001

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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 #14328458)

Price History

Date / Event Date Event Price
Jun 23, 2020 Sold
Premium
Sold
Apr 24, 2020 Listed by Scottco Realty Group LLC $221,900
Listed by Scottco Realty Group LLC

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2005
  • 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: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 82,760
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH MEADOWS NORTH PH 1
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HIGH MEADOWS NORTH PH 1 BLK C LOT 23

Neighborhood

  • School District Name: Ponder Independent School District
  • Census Tract: 020314

Geography

  • Assessors Map Reference: 522-Y
  • Parcel: R213243
  • Block: C
  • Lot: 23
  • Municipality: CITY OF PONDER
  • Latitude: 33.1692
  • Longitude: -97.2789

    Address

  • Full Address: 402 Madison Pl
  • Address - House Number: 402
  • Address - Street Name: Madison
  • Address - Suffix Type: Pl
  • State: TX
  • City Name: Ponder
  • Carrier Code: R002
  • 4-Digit Zip Code: 8469
  • Zip Code: 76259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $627,568
  • Tax Rate Code Area: S13

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 317,641
  • High Value: 378,466
  • Low Value: 256,817

    Market Valuation

  • Market Total Value: $299,300
  • Market Land Value: $43,449
  • Market Improvement Value: $255,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $299,300
  • Assessed Land Value: $43,449
  • Assessed Improvements Value: $255,851

    Sales

  • Current Sale Contract Date: Jun 23, 2020
  • Current Sale Recording Date: Jun 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-088899
  • Previous Sale Recording Date: Sep 11, 2018
  • Previous Sale Contract Date: Aug 28, 2018
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 71
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 High Meadows North

Stats & Trends

Median Asking:

$273,825

Sale Price/ft²

$186

Below Asking

0.05%

Average Days on Market

64

Average Home Size

1490 ft²

Average Home Age

27.3 years

Currently For Sale

0 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: Delanie Temple, Scottco Realty Group LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14328458
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 402 Madison Place built and last sold?
The property at 402 Madison Place was built in 2001 and last sold on Jun 23, 2020 for $265,500.
How much is this home worth?
The estimated value of the home located at 402 Madison Place is $0.
What are some comparable homes to 402 Madison Place?
There are currently no comparable homes to 402 Madison Place.
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