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Wise 76234
470 Mesa Ridge
$343,000
● Mobile Manufactured - Off Market

470 Mesa Ridge

Decatur, TX 76234
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,280 Ft²
$347,817
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

NO HOA, NO city taxes, NO restrictions!! 3.68 acres with well maintained doublewide manufactured home. Open concept, 4 bedrooms, 3 full baths, 2 eating areas, large living room and office. Main bedroom is isolated with huge bathroom and double closets. Outside features an animal barn, property is fenced and has cross fencing. Plenty of room for animals... Perfect for horses or cattle.
Unit Size
2,280 Ft²
Days on Market
-
Land Size
3.69 acres
Price per sqft
$154
Property Type
Mobile Manufactured
Property Taxes
$349
HOA Dues
-
Year Built
2011

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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 #20360800)

Price History

Date / Event Date Event Price
Sep 26, 2023 Sold
Premium
Sold
Jun 20, 2023 Listed by RE/MAX Legacy $350,000
Listed by RE/MAX Legacy

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 160,519
  • Total Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MESA RIDGE
  • Land Acres: 0000003685
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 20 BLK 2 MESA RIDGE S# MP1517004A MANUFACTURER: PALM HARBOR MANUFACTURING SERIAL NUMBER: MP1517004A SERIAL NUMBER: PFS109

Neighborhood

  • School District Name: Decatur Independent School District
  • School Tax School District: DECATUR ISD
  • School Tax District Code 2: WCID #1
  • School Tax District Code 3: FM FLOOD-LATERA
  • Census Tract: 150103

Geography

  • Assessors Map Reference: AIR MAP: 1110
  • Account Number: 000000760117
  • Parcel: R1022.0068.00
  • Block: 2
  • Lot: 20
  • Municipality: DECATUR
  • Latitude: 33.2055
  • Longitude: -97.5143

    Address

  • Full Address: 470 Mesa Rdg
  • Address - House Number: 470
  • Address - Street Name: Mesa
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Decatur
  • Carrier Code: R010
  • 4-Digit Zip Code: 5298
  • Zip Code: 76234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $380,134
  • Tax Rate Code Area: LTR,SDE,WC

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 342,700
  • High Value: 401,519
  • Low Value: 283,880

    Market Valuation

  • Market Total Value: $314,654
  • Market Land Value: $172,874
  • Market Improvement Value: $141,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,654
  • Assessed Land Value: $172,874
  • Assessed Improvements Value: $141,780

    Sales

  • Current Sale Contract Date: Dec 21, 2011
  • Current Sale Recording Date: Dec 28, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2011-15342
  • Previous Sale Recording Date: Sep 07, 2010
  • Previous Sale Contract Date: Sep 07, 2010
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 69
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 Wise

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$197

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2466 ft²

Average Home Age

4.3 years

Currently For Sale

544 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 108 James Court, Decatur, TX, 76234

$1,499 /mo

  • 3 Beds
  • 2 Baths
  • 1,112 ft²
108 James Court #100, Decatur, TX, 76234 Listing by Matthew Salsberry

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Monica Davila, RE/MAX Legacy
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20360800
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 470 Mesa Ridge Drive built and last sold?
The property at 470 Mesa Ridge Drive was built in 2011 and last sold on Dec 21, 2011 for $128,400.
How much is this home worth?
The estimated value of the home located at 470 Mesa Ridge Drive is $0.
What are some comparable homes to 470 Mesa Ridge Drive?
There are currently no comparable homes to 470 Mesa Ridge Drive.
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