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502 Forest Glen

502 Forest Glen, Hemphill, TX 75948
Land in Milam
Local assessors in Hemphill, TX have categorized 502 Forest Glen as a type of property. The home was built in 1986 and is 40 years old. The property's lot size has been calculated to be 5,663 square feet. If we look only at the heated or air conditioned part of the building, then 502 Forest Glen has a total of 804 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. Moving onto specific details regarding the building. Our sources show that the building condition is . We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 502 Forest Glen sold most recently in Dec 16, 2022 for a total of $287,147. If you work out the math, that's approximately a cost of $357.15 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $242,393 in taxes each year. 502 Forest Glen was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $204,790. If we break it down further, the land itself was valued at $40,510. Improvements to the property, however, were assessed at a total of $164,280. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Wood Exterior

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20221103
11/03/2022
Loft
1.5 Bath
1092 ft²
$255,000
bedrooms
Loft
bathrooms
1.5 Bath
square feet
1092 ft²
-
-
Georgina Stewart
A Real Estate Connection


Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 804
  • Gross Building Area: 804
  • Building Area: 804
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 804
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MID-LAKE SUB SEC IV
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: ACRES: 0.130 LOT: 344 SUBD: MID-LAKE VILLAGE TRACT: SECTION 4 HOUSE & IMPROVEMENTS

Neighborhood

  • School District Name: Hemphill Independent School District
  • Census Tract: 950100

Geography

  • Subdivision Tract Number: 4
  • Parcel: R000107741
  • Municipality: HEMPHILL
  • Latitude: 31.4175
  • Longitude: -93.7768

    Address

  • Full Address: 502 Forest Gln
  • Address - House Number: 502
  • Address - Street Name: Forest
  • Address - Suffix Type: Gln
  • State: TX
  • City Name: Hemphill
  • Carrier Code: R001
  • 4-Digit Zip Code: 3949
  • Zip Code: 75948

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $242,393
  • Tax Rate Code Area: 1 31 60

    Appraisal Valuation

  • Standard Deviation: 0.276
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 289,951
  • High Value: 370,000
  • Low Value: 209,902

    Market Valuation

  • Market Total Value: $204,790
  • Market Land Value: $40,510
  • Market Improvement Value: $164,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,790
  • Assessed Land Value: $40,510
  • Assessed Improvements Value: $164,280

    Sales

  • Current Sale Contract Date: Dec 16, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2608

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Milam



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Frequently Asked Questions

What neighborhood is 502 Forest Glen located in?
The 502 Forest Glen is a land located in the neighborhood of Milam in Milam, Hemphill.
What is the average sales price for listings in 502 Forest Glen?
The average sales price for units in 502 Forest Glen is $0 currently.