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Forney 75126 Mustang Creek
522 Meadow Lane
$209,990
● House - Off Market

522 Meadow Lane

Forney, TX 75126
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,540 Ft²
$311,733
RealtyHop Estimate
48.45%
Since Apr 1, 2020
TX-Dallas
Primary Model

About This Property

Multiple Offers Received, Highest and Best Offer by 12-29, 5pm.  

Charming home in Forney with NO HOA. 3 Bedrooms, 2 Bathrooms and large living space with gas-burning fireplace. Beautiful eat-in kitchen with gas stove. Beautiful ceramic tile in all common areas and bathrooms. Fresh paint and ready to move in. Extra poured concrete for additional parking and outdoor living
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$136
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
2001

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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: 3 years ago (NTREIS #14284622)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 26, 2020 Listed by Nicholson Premier Realty $209,990
Listed by Nicholson Premier Realty

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Frontage Feet: 33,000
  • Total Building Area: 1,940
  • Gross Building Area: 1,970
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EASTWOOD ADDITION 2
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: EASTWOOD ADDITION 2, BLOCK C, LOT 12

Neighborhood

  • School District Name: Forney Independent School District
  • Census Tract: 050205

Geography

  • Parcel: 50891
  • Block: C
  • Lot: 12
  • Municipality: FORNEY
  • Latitude: 32.7593
  • Longitude: -96.4595

    Address

  • Full Address: 522 Meadow Ln
  • Address - House Number: 522
  • Address - Street Name: Meadow
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Forney
  • Carrier Code: R007
  • 4-Digit Zip Code: 4912
  • Zip Code: 75126

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $432,032
  • Tax Rate Code Area: CAD CF KC

    Appraisal Valuation

  • Standard Deviation: 0.1867
  • Valuation Date: Nov 23, 2022
  • Confidence Score: 75
  • Final Value: 357,913
  • High Value: 424,765
  • Low Value: 291,061

    Market Valuation

  • Market Total Value: $200,423
  • Market Land Value: $55,000
  • Market Improvement Value: $145,423

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $220,465

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-0008505
  • Previous Sale Recording Date: Feb 14, 2006
  • Previous Sale Contract Date: Jan 30, 2006
  • Previous Sale Amount: $136,100
  • 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 Mustang Creek

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$141

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1947 ft²

Average Home Age

19.8 years

Currently For Sale

8 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

Unit for rent at 910 York Street, Forney, TX, 75126

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
910 York Street, Forney, TX, 75126 Listing by Belinda Epps
Unit for rent at 909 White Porch Avenue, Forney, TX, 75126

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,942 ft²
909 White Porch Avenue, Forney, TX, 75126 Listing by Anne Enloe
Unit for rent at 112 Acadia Lane, Forney, TX, 75126

$2,199 /mo

  • 4 Beds
  • 2 Baths
  • 1,737 ft²
112 Acadia Lane, Forney, TX, 75126 Listing by Carrie Deraps

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Stacey Eastep, Nicholson Premier Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14284622
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 522 Meadow Lane built and last sold?
The property at 522 Meadow Lane was built in 2001 and last sold on Mar 27, 2020 for $265,100.
How much is this home worth?
The estimated value of the home located at 522 Meadow Lane is $0.
What are some comparable homes to 522 Meadow Lane?
There are currently no comparable homes to 522 Meadow Lane.
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