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Erath 76401
5391 County Road 423
$375,000
● House - Off Market

5391 County Road 423

Stephenville, TX 76401
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,778 Ft²
$2,244
Est. Monthly
4.86%
Cap Rate

About This Property

Ranch style rock home on 2.16 acres just one mile from the Tarleton rodeo arena. The spacious 4 bed, 2 bath home with open concept has a split bedroom design. The primary suite has large walk-in closet and dual sinks, step-in shower, and Whirlpool tub. Close off your office for peaceful work or enjoy the family in the spacious living room with wood burning fireplace, and kitchen. Laundry and utility room. New flooring in most of home. Upstairs is a 4th bedroom or game, bonus room. This bonus room is 400 sq ft. Central air and heat. 2 car garage. Outside has mature trees and room for a couple of horses. This property is in the highly sought after Huckabay ISD and is 10 minutes to Stephenville. Seller is having well installed.
Unit Size
2,778 Ft²
Days on Market
-
Land Size
2.16 acres
Price per sqft
$144
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1991

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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: 2 years ago (NTREIS #20783077)

Price History

Date / Event Date Event Price
Feb 19, 2025 Sold
Premium
Sold
Jan 10, 2025 In contract -
In contract
Dec 20, 2024 Price Decreased $399,999
↓ $22K (5.2%)
Price Decreased
Nov 21, 2024 Listed by ARMSTRONG REAL ESTATE $422,000
Listed by ARMSTRONG REAL ESTATE

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 506
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,272
  • Gross Building Area: 2,272
  • Building Area: 2,272
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,272
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1008
  • County Land Use Code: E
  • Legal Description 1: A0394 HAYS JOHN M, & HOUSE

Neighborhood

  • School District Name: Huckabay Independent School District
  • School Tax School District: HUCKABAY ISD
  • School Tax District Code 2: ROAD & BRIDGE
  • School Tax District Code 3: MIDDLE TRINITY
  • Census Tract: 950204

Geography

  • Account Number: R.0394.00090.00.0
  • Parcel: R000071543
  • Municipality: STEPHENVILLE
  • Latitude: 32.318
  • Longitude: -98.2828

    Address

  • Full Address: 5391 County Road 423
  • Address - House Number: 5391
  • Address - Street Name: County Road 423
  • State: TX
  • City Name: Stephenville
  • Carrier Code: R007
  • 4-Digit Zip Code: 8816
  • Zip Code: 76401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $92,033
  • Tax Rate Code Area: 72 908 MTD

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 70
  • Final Value: 377,266
  • High Value: 458,979
  • Low Value: 295,552

    Market Valuation

  • Market Total Value: $290,870
  • Market Land Value: $40,000
  • Market Improvement Value: $250,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,870
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $250,870

    Exemptions

  • Senior Citizen Exemption : Yes
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 Erath

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1980 ft²

Average Home Age

10.2 years

Currently For Sale

256 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

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NTREIS

Listed by: Vicky Tarver, ARMSTRONG REAL ESTATE
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20783077
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5391 County Rd 423 built and last sold?
The property at 5391 County Rd 423 was built in 1991 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5391 County Rd 423 is $0.
What are some comparable homes to 5391 County Rd 423?
There are currently no comparable homes to 5391 County Rd 423.
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