For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Cleburne 76033 Preston Meadow
406 Preston Drive
$244,900
● House - Off Market

406 Preston Drive

Cleburne, TX 76033
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,474 Ft²
$259,253
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

This one owner home, is very well maintained. Step inside to large open living area with laminate wood floors open to the breakfast nook and corner kitchen with windows looking into the backyard. Kitchen has nice built in appliances, pantry and much more.  Master suite is great size with ensuite bath with soaking tub, separate shower and dual sinks, two walk in closets. with this split bedroom plan the other two bedrooms are on the opposite side of the house with their own full bath. Nice landscaped yard front and back includes a sprinkler system. In the last ten years or less this home has had new roof, new windows on most of the house, new sliding back door, new central heat and air. Extra insulation has been added in the attic to make this home more energy efficient.
Unit Size
1,474 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$166
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1999

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #20228961)

Price History

Date / Event Date Event Price
Jan 31, 2023 Sold
Premium
Sold
Dec 30, 2022 Listed by Coldwell Banker Apex, REALTORS $244,900
Listed by Coldwell Banker Apex, REALTORS

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: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,022
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,474
  • Building Area: 1,474
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,474
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESTON MEADOW ADDITION SEC 3
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 15 BLK 2 PRESTON MEADOW ADDITION SEC 3

Neighborhood

  • School District Name: Cleburne Independent School District
  • School Tax School District: CLEBURNE ISD
  • Census Tract: 130700

Geography

  • Assessors Map Reference: 126.2967.00650
  • Account Number: R000043777
  • Parcel: 126-2967-00650
  • Block: 2
  • Lot: 15
  • Municipality: CITY OF CLEBURNE
  • Latitude: 32.3643
  • Longitude: -97.4014

    Address

  • Full Address: 406 Preston Dr
  • Address - House Number: 406
  • Address - Street Name: Preston
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Cleburne
  • Carrier Code: C012
  • 4-Digit Zip Code: 7333
  • Zip Code: 76033

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $452,815
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 278,639
  • High Value: 340,143
  • Low Value: 217,135

    Market Valuation

  • Market Total Value: $196,597
  • Market Land Value: $44,500
  • Market Improvement Value: $152,097

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $196,597
  • Assessed Land Value: $44,500
  • Assessed Improvements Value: $152,097

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Feb 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2525
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 Preston Meadow

Stats & Trends

Median Asking:

$235,500

Sale Price/ft²

$171

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1690 ft²

Average Home Age

28.3 years

Currently For Sale

4 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 1108 Chester Street, Cleburne, TX, 76033

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,292 ft²
1108 Chester Street, Cleburne, TX, 76033 Listing by Jennie Macarthur
Unit for rent at 1005 Grandbury Street, Cleburne, TX, 76033

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,362 ft²
1005 Grandbury Street #A, Cleburne, TX, 76033 Listing by Michael Mann

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Deanna King, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20228961
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 406 Preston Drive built and last sold?
The property at 406 Preston Drive was built in 1999 and last sold on Jan 31, 2023 for $309,431.
How much is this home worth?
The estimated value of the home located at 406 Preston Drive is $0.
What are some comparable homes to 406 Preston Drive?
There are currently no comparable homes to 406 Preston Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Cleburne Homes for Sale
Cleburne Houses for Sale
Cleburne Multifamily for Sale
Cleburne Land for Sale
Cleburne Commercial for Sale
Cleburne Homes with Basements
Cleburne Homes with Pools
Cleburne Homes with Parking
Nearby Cities
Burleson Homes for Sale
Crowley Homes for Sale
Rendon Homes for Sale
Joshua Homes for Sale
Alvarado Homes for Sale
Keene Homes for Sale
Godley Homes for Sale
Rio Vista Homes for Sale
Nearby Property Records
Johnson County, TX Property Records
Somervell County, TX Property Records
Hill County, TX Property Records
Hood County, TX Property Records
Tarrant County, TX Property Records
Ellis County, TX Property Records
Parker County, TX Property Records
Bosque County, TX Property Records
Neighborhoods
The Retreat Real Estate
Mistletoe Hill Real Estate
Wakefield Real Estate
Deer Creek Estates Crowly Real Estate
Thomas Crossing Real Estate
Crowley Park South Real Estate
Hills of Home Real Estate
Coventry Real Estate
Nearby Counties
Burleson-Joshua Homes for Sale
Godley Homes for Sale
Grandview Homes for Sale
Top Real Estate Agents
Top Agents in Preston Meadow
Top Agents in Cleburne
Top Agents in 76028
Top Agents in Burleson-Joshua
Top Agents in Burleson
Top Agents in 76036
Top Agents in 76033
Top Agents in 76058