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Wichita 76360
4554 Old Lake Rd
$500,945
● House - Off Market

4554 Old Lake Rd

Electra, TX 76360
bedrooms
Studio
bathrooms
0 Bath
$560,004
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Reis Farm, 121 acres with a house, 2.5 miles north of Electra, at the NE corner of Old Lake Road and Brosch Road. The house consists of 2,045 sf, brick, built in 2001, 3 bedrooms, 2 bath, 2 car garage, total electric, chain link fenced backyard, storm closet in master bath, new roof installed in 2015, 24' x 36' metal workshop built in 2009. There is 85 acres of cultivation, balance being native pasture both wooded and open, level to sloping terrain, seasonal creek, stock pond, no oil production.
Unit Size
-
Days on Market
-
Land Size
121.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
2001

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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 #20096282)

Price History

Date / Event Date Event Price
Jan 20, 2023 Sold
Premium
Sold
Jun 24, 2022 Listed by Turner Country Properties $529,000
Listed by Turner Country Properties

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • 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: 576
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,978
  • Total Building Area: 2,618
  • Gross Building Area: 2,738
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAGGONER COLONY
  • Land Acres: 0000005050
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: 5.051 AC BLK 197 WAGGONER COLONY

Neighborhood

  • School District Name: Electra Independent School District
  • School Tax School District: ELECTRA
  • Census Tract: 013800

Geography

  • Assessors Map Reference: 04-56
  • Parcel: 101454
  • Block: 197
  • Municipality: ELECTRA
  • Latitude: 34.0824
  • Longitude: -98.9327

    Address

  • Full Address: 4554 Old Lake Rd
  • Address - House Number: 4554
  • Address - Street Name: Old Lake
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Electra
  • Carrier Code: R002
  • 4-Digit Zip Code: 4655
  • Zip Code: 76360

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $365,426
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 72
  • Final Value: 426,213
  • High Value: 513,778
  • Low Value: 338,648

    Market Valuation

  • Market Total Value: $247,403
  • Market Land Value: $7,607
  • Market Improvement Value: $239,796

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $213,813

    Sales

  • Current Sale Contract Date: Jan 20, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 929
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 Wichita

Stats & Trends

Median Asking:

$155,000

Sale Price/ft²

$105

Below Asking

0.05%

Average Days on Market

75

Average Home Size

1799 ft²

Average Home Age

66.3 years

Currently For Sale

58 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

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NTREIS

Listed by: Stephen Turner, Turner Country Properties
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20096282
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 4554 Old Lake Road built and last sold?
The property at 4554 Old Lake Road was built in 2001 and last sold on Jan 20, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 4554 Old Lake Road is $0.
What are some comparable homes to 4554 Old Lake Road?
There are currently no comparable homes to 4554 Old Lake Road.
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