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Franklin 75457
511 CR 3010
$458,000
● House - Off Market

511 CR 3010

Mount Vernon, TX 75457
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,116 Ft²
$476,338
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Less than 10 minutes from downtown Mount Vernon lies a private oasis perfect for the entire family. From the gorgeous 3-bedroom, 3-bath brick main home to the separate mother-in-law cottage to the workshop large enough for business use, this multi-generational property has it all. Vaulted wood ceilings frame the living area in the house, while a stone, wood burning stove keeps things cozy. Big bedrooms, spacious baths and an island kitchen make this home perfect for entertaining. The MIL cottage is full size with its own kitchen, bath and fireplace in the open concept kitchen and living area. The workshop is the bonus feature, rounding out this dream-home that lies in the middle of more than 3.5 acres.
Unit Size
2,116 Ft²
Days on Market
-
Land Size
3.56 acres
Price per sqft
$212
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20095249)

Price History

Date / Event Date Event Price
Dec 27, 2022 Sold
Premium
Sold
Jun 23, 2022 Listed by Mayben Realty, LLC $449,000
Listed by Mayben Realty, LLC

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 155,074
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,538
  • Gross Building Area: 5,538
  • Building Area: 5,538
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J B CRAIN SURVEY A 117
  • Land Acres: 0000003560
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: AB 159 D ELDER

Neighborhood

  • School District Name: Mount Vernon Independent School District
  • Census Tract: 950101

Geography

  • Account Number: 102
  • Parcel: 00878-00000-00050-000000
  • Municipality: MOUNT VERNON
  • Latitude: 33.1561
  • Longitude: -95.2498

    Address

  • Full Address: 511 County Road Sw 3010
  • Address - House Number: 511
  • Address - Street Name: County Road Sw 3010
  • State: TX
  • City Name: Mount Vernon
  • Carrier Code: R002
  • 4-Digit Zip Code: 6573
  • Zip Code: 75457

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $693,100
  • Tax Rate Code Area: 1 2 3 34 2

    Appraisal Valuation

  • Standard Deviation: 0.1847
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 422,744
  • High Value: 500,845
  • Low Value: 344,643

    Market Valuation

  • Market Total Value: $482,610
  • Market Land Value: $59,400
  • Market Improvement Value: $423,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $482,610
  • Assessed Land Value: $59,400
  • Assessed Improvements Value: $423,210

    Sales

  • Current Sale Contract Date: Dec 27, 2022
  • Current Sale Recording Date: Dec 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 167566
  • Previous Sale Recording Date: Nov 15, 2021
  • Previous Sale Contract Date: Nov 15, 2021
  • Previous Sale Amount: $303,500
  • 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 Franklin

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$225

Below Asking

0.04%

Average Days on Market

92

Average Home Size

2426 ft²

Average Home Age

33.6 years

Currently For Sale

67 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# 20095249
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 511 County Rd Sw 3010 built and last sold?
The property at 511 County Rd Sw 3010 was built in 2001 and last sold on Dec 27, 2022 for $448,840.
How much is this home worth?
The estimated value of the home located at 511 County Rd Sw 3010 is $0.
What are some comparable homes to 511 County Rd Sw 3010?
There are currently no comparable homes to 511 County Rd Sw 3010.
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