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Ferris 75125
412 Redbud Street
$201,000
● House - Off Market

412 Redbud Street

Ferris, TX 75125
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,658 Ft²
$1,401
Est. Monthly
9.25%
Cap Rate

About This Property

Multiple offers received. The seller has set a deadline for all interested buyers to submit their offer by noon on Thursday, December 14th. Embrace the opportunity to revitalize this charming investment property, a classic house poised for a transformation into your dream home. Seize the chance to shape your ideal living space and build equity in a property with promising returns. With a discerning eye and a commitment to transformation, this fixer-upper can evolve into a showcase of personal style and investment success.
Unit Size
1,658 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$118
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1967

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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 #20489344)

Price History

Date / Event Date Event Price
Dec 27, 2023 Sold
Premium
Sold
Dec 8, 2023 Listed by Ebby Halliday, REALTORS $195,000
Listed by Ebby Halliday, REALTORS

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • 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: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 6
  • Patio Type: 69
  • Porch Type: 66
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,981
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,142
  • Gross Building Area: 2,167
  • Building Area: 1,658
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,658
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHERN HILLS
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT N75 OF 1 & S25 OF 2 BLK 4 SOUTHERN HILLS .298 AC

Neighborhood

  • School District Name: Ferris Independent School District
  • Census Tract: 060104

Geography

  • Assessors Map Reference: 986-F
  • Parcel: 163180
  • Block: 4
  • Lot: N75
  • Municipality: FERRIS
  • Latitude: 32.5384
  • Longitude: -96.6553

    Address

  • Full Address: 412 Redbud St
  • Address - House Number: 412
  • Address - Street Name: Redbud
  • Address - Suffix Type: St
  • State: TX
  • City Name: Ferris
  • Carrier Code: C001
  • 4-Digit Zip Code: 1812
  • Zip Code: 75125

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $470,580
  • Tax Rate Code Area: 506

    Appraisal Valuation

  • Standard Deviation: 0.2231
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 309,787
  • High Value: 378,921
  • Low Value: 240,653

    Market Valuation

  • Market Total Value: $273,770
  • Market Land Value: $45,000
  • Market Improvement Value: $228,770

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,770
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $228,770

    Sales

  • Current Sale Contract Date: Sep 19, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 36935
  • Previous Sale Recording Date: Aug 23, 2016
  • Previous Sale Contract Date: Aug 17, 2016
  • 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 Ferris

Stats & Trends

Median Asking:

$300,490

Sale Price/ft²

$167

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1623 ft²

Average Home Age

20.7 years

Currently For Sale

21 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

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: George Lanier, Ebby Halliday, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20489344
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 412 Redbud Street built and last sold?
The property at 412 Redbud Street was built in 1967 and last sold on Sep 19, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 412 Redbud Street is $0.
What are some comparable homes to 412 Redbud Street?
There are currently no comparable homes to 412 Redbud Street.
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