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Hood 76048
5500 Arrowhead Drive
$200,000
● House - Off Market

5500 Arrowhead Drive

Granbury, TX 76048
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,200 Ft²
$200,235
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Cute and charming site built home located on 2 lots in Arrowhead Shores! New septic system installed in 2017. Detached 34X21 metal shop with work area and room for parking. Shop and main house both have a metal roof. House is 1200 square feet built in 2013 featuring 2 full bedrooms, 1 full bath, and an open living room and kitchen. Large walk out back patio for easy access to detached shop. Good size front and back yard compliment the house perfectly! Great starter home for a first time home buyer or potential investment property. This is a site built home not a mobile home!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$167
Property Type
House
Property Taxes
$191
HOA Dues
$8
Year Built
2013

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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 #20323785)

Price History

Date / Event Date Event Price
Jun 6, 2023 Sold
Premium
Sold
May 9, 2023 Listed by Scott Ashford Real Estate, LLC $199,900
Listed by Scott Ashford Real Estate, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • 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: 4
  • Garage Square Area: 770
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,414
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BALLARD S ADDITION
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT: 166 BLK: 1 SUBD: ARROWHEAD SHORES SEC A

Neighborhood

  • School District Name: Granbury Independent School District
  • Census Tract: 160216

Geography

  • Section: A
  • Parcel: 11121.001.0166.0
  • Block: 1
  • Lot: 166
  • Municipality: GRANBURY
  • Latitude: 32.5061
  • Longitude: -97.8486

    Address

  • Full Address: 5500 Arrowhead Dr
  • Address - House Number: 5500
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Granbury
  • Carrier Code: R006
  • 4-Digit Zip Code: 3216
  • Zip Code: 76048

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $62,578

    Appraisal Valuation

  • Standard Deviation: 0.2764
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 60
  • Final Value: 218,949
  • High Value: 279,485
  • Low Value: 158,413

    Market Valuation

  • Market Total Value: $159,930
  • Market Land Value: $12,000
  • Market Improvement Value: $147,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,930
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $147,930

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7517
  • Previous Sale Recording Date: Mar 23, 2018
  • Previous Sale Contract Date: Mar 22, 2018
  • Previous Sale Amount: $98,500
  • 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 Hood

Stats & Trends

Median Asking:

$358,880

Sale Price/ft²

$192

Below Asking

0.03%

Average Days on Market

82

Average Home Size

2122 ft²

Average Home Age

19.8 years

Currently For Sale

664 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 4329 Kaywood Drive, Granbury, TX, 76048

$1,300 /mo

  • 2 Beds
  • 2 Baths
  • 784 ft²
4329 Kaywood Drive, Granbury, TX, 76048 Listing by Cecilia Olivo

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Scott Ashford, Scott Ashford Real Estate, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20323785
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5500 Arrowhead Drive built and last sold?
The property at 5500 Arrowhead Drive was built in 2013 and last sold on Jun 9, 2023 for $198,340.
How much is this home worth?
The estimated value of the home located at 5500 Arrowhead Drive is $204,192.
What are some comparable homes to 5500 Arrowhead Drive?
There are currently no comparable homes to 5500 Arrowhead Drive.
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