5201 Teakwood Trace

Local assessors in Midland, TX have categorized 5201 Teakwood Trace as a type of property. The home was built in 1982 and is 44 years old. The property's lot size has been calculated to be 11,761 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 5201 Teakwood Trace has a total of 2,760 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a for those who need a place to park their vehicle. The garage on the property is 506 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 19, 2020 for $398,900. That's $144.53 per sqft. Prior to that sales transaction, the property was also sold in Mar 20, 2006 for $185,000. 5201 Teakwood Trace was last assessed in 2023. The total value of the property was assessed at $431,720. Specifically, the land the property is located on was valued at $60,000. While improvements on the property were assessed at a total of $371,720. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $519,863. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.