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Tolar 76476
408 Redbud Lane
$260,000
● House - Off Market

408 Redbud Lane

Tolar, TX 76476
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,509 Ft²
$252,412
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Charming 3 bedroom 2 bath brick home in a quiet neighborhood in Tolar, TX. Constructed in 2002 this well maintained home features a breakfast area with bay window in the kitchen, dining area and cozy living room with raised ceiling and brick fireplace. Bedrooms are equipped with ceiling fans and master has a walk-in closet.  Master bath has dual sinks, a garden tub and separate walk-in shower. Yard has an automatic sprinkler system.  Back yard and side yard are fenced for play area and or pets.  Includes a two car garage with garage door opener.  Property is located on a cul-de-sac so traffic is minimal.
Unit Size
1,509 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$165
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
2002

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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 #14745885)

Price History

Date / Event Date Event Price
Apr 8, 2022 Sold
Premium
Sold
Jan 17, 2022 Listed by CLARK REAL ESTATE GROUP $249,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • 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: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,481
  • Total Building Area: 1,509
  • Building Area: 1,509
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,509
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRLAND OAKS SUBDIVISION
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT: 11 SUBD: FAIRLAND OAKS SUBDIVISION THE

Neighborhood

  • School District Name: Tolar Independent School District
  • Census Tract: 160302

Geography

  • Parcel: 17058.000.0011.0
  • Lot: 11
  • Municipality: TOLAR
  • Latitude: 32.3953
  • Longitude: -97.9177

    Address

  • Full Address: 408 Redbud Ln
  • Address - House Number: 408
  • Address - Street Name: Redbud
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Tolar
  • Carrier Code: R002
  • 4-Digit Zip Code: 4350
  • Zip Code: 76476

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,336
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 300,270
  • High Value: 379,715
  • Low Value: 220,824

    Market Valuation

  • Market Total Value: $266,510
  • Market Land Value: $25,000
  • Market Improvement Value: $241,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,510
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $241,510

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5999
  • Previous Sale Recording Date: Aug 20, 2007
  • Previous Sale Contract Date: Aug 08, 2007
  • Previous Sale Document Type: 68
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 Tolar

Stats & Trends

Median Asking:

$330,500

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1829 ft²

Average Home Age

14.3 years

Currently For Sale

9 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

Currently no nearby rentals
NTREIS

Listed by: Brad Harrison, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14745885
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 408 Redbud Lane built and last sold?
The property at 408 Redbud Lane was built in 2002 and last sold on Apr 7, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 408 Redbud Lane is $253,943.
What are some comparable homes to 408 Redbud Lane?
There are currently no comparable homes to 408 Redbud Lane.
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