5007 Teakwood Trace

Local assessors in Midland, TX have categorized 5007 Teakwood Trace as a type of property. The home was built in 1982 and is 44 years old. The property's lot size has been calculated to be 15,246 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 5007 Teakwood Trace has a total of 3,245 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a for those who need a place to park their vehicle. The garage on the property is 484 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5007 Teakwood Trace was last sold in Jul 28, 2015 for $461,300. According to our calculations, that's $142.16 per sqft. Prior to that sales transaction, the property was sold for $242,800 in Sep 30, 2009. Current property owners are expected to pay $627,861 in taxes per year. The property on 5007 Teakwood Trace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $508,460. To break that down further, the land itself was valued at $76,910. While improvements to the property were assessed at a total of $431,550. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.