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Tolar 76476
505 Cedar Lane
$100,000
● House - Off Market

505 Cedar Lane

Tolar, TX 76476
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$492
Est. Monthly

About This Property

Experience small-town charm with this 3-bedroom, 2-bath double-wide home on a spacious 0.82-acre lot in Tolar, TX. Offering 1,344 sq ft of comfortable living space, this property features an open-concept floor plan with a large living and dining area, full laundry room, and a generous covered front porch perfect for relaxing outdoors. Enjoy mature trees providing shade and privacy, plus a brand-new storage shed for extra space. Conveniently located less than half a mile from downtown Tolar and US Hwy 377 – offering quick access to shops, schools, and nearby towns.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$74
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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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: 11 months ago (NTREIS #21080474)

Price History

Date / Event Date Event Price
Dec 10, 2025 Sold
Premium
Sold
Oct 27, 2025 In contract -
In contract
Oct 22, 2025 Listed by Keller Williams Realty $100,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,719
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOLAR
  • Land Acres: 0000000820
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: ACRES: 0.820 BLK: PT 67 SUBD: TOLAR & TEX0346287/88

Neighborhood

  • School District Name: Tolar Independent School District
  • Census Tract: 160302

Geography

  • Parcel: 16000.067.0000.6
  • Block: 67
  • Municipality: TOLAR
  • Latitude: 32.3936
  • Longitude: -97.9249

    Address

  • Full Address: 505 Cedar Ln
  • Address - House Number: 505
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Tolar
  • Carrier Code: R002
  • 4-Digit Zip Code: 4020
  • Zip Code: 76476

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $48,345

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 137,150
  • High Value: 171,691
  • Low Value: 102,610

    Market Valuation

  • Market Total Value: $93,010
  • Market Land Value: $50,000
  • Market Improvement Value: $43,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,010
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $43,010

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 28, 2015
  • Current Sale Recording Date: May 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2015-0005020
  • Previous Sale Recording Date: Aug 08, 2000
  • Previous Sale Contract Date: Aug 08, 2000
  • 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 Tolar

Stats & Trends

Median Asking:

$330,500

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1829 ft²

Average Home Age

14.3 years

Currently For Sale

9 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: Jonathan Little, Keller Williams Realty
Last Updated: 11 months ago
Data Source: NTREIS MLS, MLS# 21080474
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 505 Cedar Lane built and last sold?
The property at 505 Cedar Lane was built in 1985 and last sold on May 28, 2015 for $60,000.
How much is this home worth?
The estimated value of the home located at 505 Cedar Lane is $109,334.
What are some comparable homes to 505 Cedar Lane?
There are currently no comparable homes to 505 Cedar Lane.
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