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512 Rancho Laredo Trail

512 Rancho Laredo Trail, Southlake, TX 76092
Sold May 31, 2019
$1,250,000
$1,106,000 by Us Bank Na
Mortgage Due Aug 01, 2050
Sold Sep 03, 2008
$1,867,500
$1,494,000 by Peoples Bank
Mortgage Due Aug 28, 2013
512 Rancho Laredo Trail in Southlake, TX was first built in 2007 and is 17 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 512 Rancho Laredo Trail has 7,439 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 20,002 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. For those who need parking, there is a garage. The garage is 752 sqft. There are a total of 4 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 512 Rancho Laredo Trail sold most recently in May 29, 2019 for a total of $1,250,000. If you work out the math, that's approximately a cost of $168.03 per sqft. Before that, the property was also sold for $1,867,500 in Aug 28, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $36,248 in taxes each year. 512 Rancho Laredo Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,897,416. If we break it down further, the land itself was valued at $344,400. Improvements to the property, however, were assessed at a total of $1,553,016. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Stone Exterior

Parking

Attached Garage
Open Parking
Oversized Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Brick
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 674
  • Garage Type: Garage
  • Garage Square Area: 752
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,002
  • Total Building Area: 7,439
  • Gross Building Area: 7,439
  • Building Area: 7,439
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 7,439
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLIFFS AT CLARIDEN RANCH,
  • Land Acres: 0.459
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CLIFFS AT CLARIDEN RANCH, THE BLOCK 1 LOT 13

Ownership

  • Current Owner : THE FORST FAMILY TRUST
  • Previous Owner : CHERRETT CRAIG L
  • Previous Owner 2: CHERRETT JOANNA
  • Owner Before Previous Owner: T G O HOLDINGS INC
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Northwest Independent School District
  • School Tax School District: NORTHWEST
  • Census Tract: 113955

Geography

  • Assessors Map Reference: 11-L
  • Account Number: 41170369
  • District: 022
  • Parcel: 41170369
  • Block: 1
  • Lot: 13
  • Municipality: SOUTHLAKE
  • Latitude: 32.9882
  • Longitude: -97.1639

    Address

  • Full Address: 512 Rancho Laredo Trl
  • Address - House Number: 512
  • Address - Street Name: Rancho Laredo
  • Address - Suffix Type: Trl
  • State: TX
  • City Name: Southlake
  • Carrier Code: R040
  • 4-Digit Zip Code: 6765
  • Zip Code: 76092

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $36,248
  • Tax Rate Code Area: 911

    Appraisal Valuation

  • Standard Deviation: 0.2558
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 2,077,122
  • High Value: 2,608,585
  • Low Value: 1,545,659

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,106,000
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Jul 08, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,106,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $1,897,416
  • Market Land Value: $344,400
  • Market Improvement Value: $1,553,016

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,897,416
  • Assessed Land Value: $344,400
  • Assessed Improvements Value: $1,553,016

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Transaction ID: 11611833497
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Vendor's Lien
  • Current Sale Input Document Number: D219116962
  • Previous Sale Recording Date: Sep 03, 2008
  • Previous Sale Contract Date: Aug 28, 2008
  • Previous Sale Amount: $1,867,500
  • Previous Sale Document Type: Vendor's Lien

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: May 31, 2019
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES BANK
  • Previous Mortgage Transaction Date: Sep 03, 2008
  • Previous Mortgage Loan Amount: $1,494,000
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 28, 2013

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Frequently Asked Questions

What neighborhood is 512 Rancho Laredo Trail located in?
The 512 Rancho Laredo Trail is a house located in the neighborhood of Northeast Tarrant in Southlake, Southlake.
What is the average sales price for listings in 512 Rancho Laredo Trail?
The average sales price for units in 512 Rancho Laredo Trail is $0 currently.

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