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Parker 76020
509 Wooded Way
$490,000
● House - Off Market

509 Wooded Way

Reno, TX 76020
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,099 Ft²
$2,456
Est. Monthly

About This Property

Experience country living in this stunning custom home on a sprawling 1-acre lot. This 3-bedroom, 2-bathroom gem features an inviting bonus room perfect for an office. The open-concept living area is highlighted by vaulted ceilings with wood beams, a cozy fireplace, and granite countertops throughout. The kitchen boasts a large island, pantry, and ample space for entertaining. The master suite offers a luxurious retreat with a walk-in closet that conveniently connects to the utility room. The oversized garage provides plenty of storage, while the expansive backyard, with scenic pond views, offers the perfect canvas to add a shop, RV, or pool. Don't hesitate to make this beautiful home yours!
Unit Size
2,099 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$238
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

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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: 2 years ago (NTREIS #20702175)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Nov 7, 2024 In contract -
In contract
Aug 14, 2024 Listed by eXp Realty LLC $500,000
Listed by eXp Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • 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: 572
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,670
  • Gross Building Area: 2,670
  • Building Area: 2,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,098
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCENIC WOOD ESTATES
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ACRES: 1.000 LOT: 3 BLK: 3 SUBD: SCENIC WOOD ESTATES

Neighborhood

  • School Tax School District: JR COLLEGE DIST
  • Census Tract: 140413

Geography

  • Assessors Map Reference: N-5
  • Parcel: R000106256
  • Block: 3
  • Lot: 3
  • Municipality: RENO
  • Latitude: 32.9738
  • Longitude: -97.5642

    Address

  • Full Address: 509 Wooded Way
  • Address - House Number: 509
  • Address - Street Name: Wooded
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Azle
  • Carrier Code: R012
  • 4-Digit Zip Code: 6748
  • Zip Code: 76020

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $924,659
  • Tax Rate Code Area: LTR SP

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 560,146
  • High Value: 691,772
  • Low Value: 428,521

    Market Valuation

  • Market Total Value: $511,030
  • Market Land Value: $80,000
  • Market Improvement Value: $431,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $511,030
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $431,030

    Sales

  • Current Sale Contract Date: Aug 23, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201922130
  • Previous Sale Recording Date: Mar 27, 2019
  • Previous Sale Contract Date: Mar 26, 2019
  • Previous Sale Amount: $88,100
  • 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 Parker

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$216

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2503 ft²

Average Home Age

-

Currently For Sale

1187 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

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NTREIS

Listed by: Jeremy Smith, eXp Realty LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20702175
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 509 Wooded Way built and last sold?
The property at 509 Wooded Way was built in 2019 and last sold on Aug 23, 2019 for $379,900.
How much is this home worth?
The estimated value of the home located at 509 Wooded Way is $503,346.
What are some comparable homes to 509 Wooded Way?
There are currently no comparable homes to 509 Wooded Way.
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