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Mount Pleasant 75455
504 Southgate Drive
$175,000
● House - Off Market

504 Southgate Drive

Mount Pleasant, TX 75455
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,606 Ft²
$256,706
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Beautiful, unique custom built home in the Southgate addition! This home is well built from the ground up with extra thick slab and heavy duty rebar to avoid any foundation problems. This 3 bedroom 2 full bath with over 2600 square feet of living space has plenty of room for everyone! Gather in the large living room around the beautiful brick fireplace or relax in the screened in porch area all year round!
Unit Size
2,606 Ft²
Days on Market
-
Land Size
-
Price per sqft
$73
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979

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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 #14410467)

Price History

Date / Event Date Event Price
Sep 22, 2020 Sold
Premium
Sold
Aug 10, 2020 Listed by Mayben Realty, LLC $189,900
Listed by Mayben Realty, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,801
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,606
  • Gross Building Area: 3,572
  • Building Area: 2,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,606
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHGATE ADDITION
  • Land Acres: 0000000386
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SOUTHGATE ADDITION BLK 4 LOT 2 .3857 AC

Neighborhood

  • School District Name: Mount Pleasant Independent School District
  • School Tax School District: 902
  • Census Tract: 950800

Geography

  • Account Number: 01640-00040-00020
  • Parcel: 15262
  • Block: 4
  • Lot: 2
  • Municipality: MOUNT PLEASANT
  • Latitude: 33.134
  • Longitude: -94.958

    Address

  • Full Address: 504 Southgate Dr
  • Address - House Number: 504
  • Address - Street Name: Southgate
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mount Pleasant
  • Carrier Code: C004
  • 4-Digit Zip Code: 6032
  • Zip Code: 75455

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $123,389
  • Tax Rate Code Area: 103 225 23

    Appraisal Valuation

  • Standard Deviation: 0.2341
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 53
  • Final Value: 189,601
  • High Value: 233,999
  • Low Value: 145,202

    Market Valuation

  • Market Total Value: $266,542
  • Market Land Value: $25,572
  • Market Improvement Value: $240,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,542
  • Assessed Land Value: $25,572
  • Assessed Improvements Value: $240,970

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2021
  • Current Sale Recording Date: Feb 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20210708
  • Previous Sale Recording Date: Sep 25, 2020
  • Previous Sale Contract Date: Sep 22, 2020
  • Previous Sale Amount: $187,500
  • 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 Mount Pleasant

Stats & Trends

Median Asking:

$269,950

Sale Price/ft²

$140

Below Asking

0.04%

Average Days on Market

106

Average Home Size

2544 ft²

Average Home Age

36.5 years

Currently For Sale

34 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

Rentals Near You

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NTREIS

Listed by: Valarie Tucker, Mayben Realty, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14410467
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 504 Southgate Drive built and last sold?
The property at 504 Southgate Drive was built in 1979 and last sold on Feb 23, 2021 for $225,600.
How much is this home worth?
The estimated value of the home located at 504 Southgate Drive is $0.
What are some comparable homes to 504 Southgate Drive?
There are currently no comparable homes to 504 Southgate Drive.
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