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Alvarado 76009
504 Lakeview Drive
$259,000
● House - Off Market

504 Lakeview Drive

Alvarado, TX 76009
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,018 Ft²
$348,166
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

THIS WONT LAST LONG! This gorgeous home features 4 bedrooms and 2 baths with upgraded floors throughout. The amazing open floorplan allows for great entertaining. The kitchen features prestige granite counter tops, a built in buffet, lighting under the cabinets and all stainless steel appliances. The master suite is very spacious and has a beautiful master bath that include a separate shower and garden tub with duel sinks. Each bedroom has built in custom bookshelves along with upgraded blinds throughout. The front room of the house would be the perfect space for an office or second living area! Outside features a covered patio along with beautiful landscaping. This wonderful home will go quickly!
Unit Size
2,018 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$131
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
2017

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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 #14421082)

Price History

Date / Event Date Event Price
Dec 3, 2020 Sold
Premium
Sold
Aug 25, 2020 Listed by Scottco Realty Group LLC $264,999
Listed by Scottco Realty Group LLC

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • 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: 5,998
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,018
  • Building Area: 2,018
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,018
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEGATE MANOR PH 3
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 18 BLK D STONEGATE MANOR PH 3

Neighborhood

  • School District Name: Alvarado Independent School District
  • School Tax School District: ALVARADO ISD
  • Census Tract: 130417

Geography

  • Assessors Map Reference: 126.2465.04180
  • Account Number: R000097136
  • Parcel: 126-2465-04180
  • Block: D
  • Lot: 18
  • Municipality: CITY OF ALVARADO
  • Latitude: 32.4234
  • Longitude: -97.2194

    Address

  • Full Address: 504 Lakeview Dr
  • Address - House Number: 504
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Alvarado
  • Carrier Code: R007
  • 4-Digit Zip Code: 2663
  • Zip Code: 76009

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $704,770
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2221
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 335,138
  • High Value: 409,602
  • Low Value: 260,673

    Market Valuation

  • Market Total Value: $259,911
  • Market Land Value: $41,500
  • Market Improvement Value: $218,411

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $259,911
  • Assessed Land Value: $41,500
  • Assessed Improvements Value: $218,411

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 03, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-39660
  • Previous Sale Recording Date: May 26, 2017
  • Previous Sale Contract Date: May 26, 2017
  • Previous Sale Amount: $283,000
  • Previous Sale Document Type: 70
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 Alvarado

Stats & Trends

Median Asking:

$299,500

Sale Price/ft²

$169

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1894 ft²

Average Home Age

17.7 years

Currently For Sale

55 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 1045 Nighthawk Trail, Alvarado, TX, 76009

$2,670 /mo

  • 3 Beds
  • 2 Baths
  • 1,871 ft²
1045 Nighthawk Trail, Alvarado, TX, 76009 Listing by Sheri Swaine

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Delanie Temple, Scottco Realty Group LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14421082
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 504 Lakeview Drive built and last sold?
The property at 504 Lakeview Drive was built in 2017 and last sold on Dec 3, 2020 for $317,900.
How much is this home worth?
The estimated value of the home located at 504 Lakeview Drive is $0.
What are some comparable homes to 504 Lakeview Drive?
There are currently no comparable homes to 504 Lakeview Drive.
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