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Argyle 76226
409 Pegasus Ridge
$650,000
● House - Off Market

409 Pegasus Ridge

Argyle, TX 76226
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,638 Ft²
$861,573
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Goregous! Better than new with beautiful pool already in.Amenities include wood floors, custom wood paneling, granite counters, stainless steel Kitchen Aide appliances, wood shutters, large living room open to oversized kitchen island, vaulted ceiling in living room,tankless water heater, foam insulation, radiant barrier and much more.
Unit Size
3,638 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$179
Property Type
House
Property Taxes
$1,088
HOA Dues
$104
Year Built
2018

Payment Calculator

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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 #14427722)

Price History

Date / Event Date Event Price
Nov 10, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by Kevin Lewis Properties $650,000
Listed by Kevin Lewis Properties
Mar 7, 2019 No longer available -
No longer available
Feb 24, 2019 Relisted $630,900
Relisted
Jan 18, 2019 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 751
  • Parking Space Count: 3
  • Patio Type: 60
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,807
  • Total Building Area: 4,388
  • Gross Building Area: 4,388
  • Building Area: 3,637
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,637
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 5T RANCH PHASE ONE
  • Land Acres: 0000000294
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: 5T RANCH PHASE ONE BLK C LOT 13

Neighborhood

  • School District Name: Argyle Independent School District
  • Census Tract: 020316

Geography

  • Parcel: R677922
  • Block: C
  • Lot: 13
  • Municipality: ARGYLE
  • Latitude: 33.1292
  • Longitude: -97.1749

    Address

  • Full Address: 409 Pegasus Rdg
  • Address - House Number: 409
  • Address - Street Name: Pegasus
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Argyle
  • Carrier Code: R004
  • 4-Digit Zip Code: 1887
  • Zip Code: 76226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,471,968
  • Tax Rate Code Area: S01

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 802,220
  • High Value: 955,835
  • Low Value: 648,606

    Market Valuation

  • Market Total Value: $875,000
  • Market Land Value: $192,092
  • Market Improvement Value: $682,908

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $806,523
  • Assessed Land Value: $192,092
  • Assessed Improvements Value: $682,908

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 10, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-183377
  • Previous Sale Recording Date: Feb 27, 2019
  • Previous Sale Contract Date: Feb 27, 2019
  • Previous Sale Amount: $481,300
  • 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 Argyle

Stats & Trends

Median Asking:

$749,000

Sale Price/ft²

$252

Below Asking

0.03%

Average Days on Market

69

Average Home Size

3616 ft²

Average Home Age

22.5 years

Currently For Sale

53 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 9701 Athens Drive, Denton, TX, 76226

$2,895 /mo

  • 4 Beds
  • 3 Baths
  • 2,334 ft²
9701 Athens Drive, Denton, TX, 76226 Listing by Saman Ilangasinghe

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kevin Lewis, Kevin Lewis Properties
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14427722
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 409 Pegasus Ridge built and last sold?
The property at 409 Pegasus Ridge was built in 2018 and last sold on Nov 10, 2020 for $446,700.
How much is this home worth?
The estimated value of the home located at 409 Pegasus Ridge is $0.
What are some comparable homes to 409 Pegasus Ridge?
There are currently no comparable homes to 409 Pegasus Ridge.
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