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Newark 76071
502 Post Oak Drive
$338,000
● House - Off Market

502 Post Oak Drive

Newark, TX 76071
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,276 Ft²
$498,527
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

You NEED to see this!  One acre, with TREES, Landscaped, No HOA, outside city limits, conveniently located -easy access to DFW and Ft Worth, in a quiet subdivision, Wise county taxes, Northwest ISD.  Meticulously maintained home features bay windows in Master & Dining area, wood flooring, huge pantry, VIKING gas cook top, walk in closets, crown molding, solarium, tons of storage, garden area & hot tub, covered back patio for entertaining, water softener, water well for yard, new HVAC 2018, small workshop with electric,... so many extras- Imagine evenings in your hot tub or sitting on the back patio enjoying a cup of coffee looking out at your gorgeous back yard. What are you waiting for? Come look!!
Unit Size
2,276 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$149
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1997

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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 #14066831)

Price History

Date / Event Date Event Price
Aug 6, 2019 Sold
Premium
Sold
Apr 16, 2019 Listed by Fathom Realty, LLC $340,000
Listed by Fathom Realty, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,824
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THOUSAND OAKS ADDITION
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT 32 BLK 2 THOUSAND OAKS ADDITION

Neighborhood

  • School District Name: Northwest Independent School District
  • School Tax School District: NORTHWEST ISD
  • School Tax District Code 2: FM FLOOD-LATERA
  • School Tax District Code 3: WCID #1
  • Census Tract: 150603

Geography

  • Assessors Map Reference: AIR MAP: 12-18
  • Account Number: 000000761603
  • District: CNE
  • Parcel: R1400.0073.00
  • Block: 2
  • Lot: 32
  • Municipality: CITY OF NEWARK
  • Latitude: 33.0136
  • Longitude: -97.4864

    Address

  • Full Address: 502 Post Oak Dr
  • Address - House Number: 502
  • Address - Street Name: Post Oak
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Newark
  • Carrier Code: R022
  • 4-Digit Zip Code: 3140
  • Zip Code: 76071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $768,073
  • Tax Rate Code Area: CNE,LTR,SN

    Appraisal Valuation

  • Standard Deviation: 0.2441
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 445,826
  • High Value: 554,670
  • Low Value: 336,982

    Market Valuation

  • Market Total Value: $453,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $431,836

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201909177
  • Previous Sale Recording Date: May 24, 2012
  • Previous Sale Contract Date: May 24, 2012
  • Previous Sale Document Type: 27
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 Newark

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$180

Below Asking

0.12%

Average Days on Market

92

Average Home Size

1970 ft²

Average Home Age

45 years

Currently For Sale

3 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 228 Palo Duro Bend, Rhome, TX, 76078

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,650 ft²
228 Palo Duro Bend, Rhome, TX, 76078 Listing by Amanda Tucker

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Michelle West, Fathom Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14066831
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 502 Post Oak Drive built and last sold?
The property at 502 Post Oak Drive was built in 1997 and last sold on Aug 6, 2019 for $337,500.
How much is this home worth?
The estimated value of the home located at 502 Post Oak Drive is $0.
What are some comparable homes to 502 Post Oak Drive?
There are currently no comparable homes to 502 Post Oak Drive.
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