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Stephenville 76401
524 Spring Meadow Street
$325,000
● House - Off Market

524 Spring Meadow Street

Stephenville, TX 76401
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,596 Ft²
$1,875
Est. Monthly
6.66%
Cap Rate

About This Property

Nestled in a serene neighborhood, this charming ranch style home offers 3 beds, 2 baths with split bedrooms for privacy. Recently remodeled, it boasts a stunning wood beam vaulted plank ceiling in the living room, complimented by a cozy brick fireplace and rich dark floors. The living room also features a custom-built library wall with cabinets and shelving, while the kitchen dining area showcases a rustic wooden stained ceiling, farmhouse sink, butcher block countertops, and open shelves. The spacious master suite boasts double vanities in the bathroom. Outside has fresh landscaping, a sizable yard with a privacy fence hosts a large covered porch perfect for outdoor gatherings, and there's even a workshop with electric, offering versatility and functionality to the property.
Unit Size
1,596 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$201
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1984

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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 #20596228)

Price History

Date / Event Date Event Price
Jun 7, 2024 Sold
Premium
Sold
May 4, 2024 In contract -
In contract
Apr 25, 2024 Listed by CLARK REAL ESTATE GROUP $320,000
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 436
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,932
  • Total Building Area: 1,596
  • Gross Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: S5660 RIVER NORTH II ADDITION, BLOCK 16, LOT 4

Neighborhood

  • School District Name: Stephenville Independent School District
  • School Tax School District: STEPHENVILLE SD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: STEPHENVILLE
  • Census Tract: 950501

Geography

  • Account Number: R.5660.01170.00.0
  • Parcel: R000033145
  • Block: 16
  • Lot: 4
  • Municipality: STEPHENVILLE
  • Latitude: 32.23
  • Longitude: -98.2302

    Address

  • Full Address: 524 Spring Meadow St
  • Address - House Number: 524
  • Address - Street Name: Spring Meadow
  • Address - Suffix Type: St
  • State: TX
  • City Name: Stephenville
  • Carrier Code: C004
  • 4-Digit Zip Code: 1811
  • Zip Code: 76401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $265,459
  • Tax Rate Code Area: 72 102 903

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 150,699
  • High Value: 219,760
  • Low Value: 81,637

    Market Valuation

  • Market Total Value: $231,080
  • Market Land Value: $40,000
  • Market Improvement Value: $191,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,080
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $191,080

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2017
  • Current Sale Recording Date: Feb 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2017-00958
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 Stephenville

Stats & Trends

Median Asking:

$299,000

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1854 ft²

Average Home Age

49.3 years

Currently For Sale

94 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 515 N Donna, Stephenville, TX, 76401

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,345 ft²
515 N Donna, Stephenville, TX, 76401 Listing by Joleen Skipworth
Unit for rent at 104 Spring Bouquet Street, Stephenville, TX, 76401

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,590 ft²
104 Spring Bouquet Street, Stephenville, TX, 76401 Listing by Mary Hall

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Katie Burr, CLARK REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20596228
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 524 Spring Meadow Street built and last sold?
The property at 524 Spring Meadow Street was built in 1984 and last sold on Feb 24, 2017 for $123,800.
How much is this home worth?
The estimated value of the home located at 524 Spring Meadow Street is $322,581.
What are some comparable homes to 524 Spring Meadow Street?
There are currently no comparable homes to 524 Spring Meadow Street.
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