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Horn Lake 38637
5959 MATTEW DR
Photo of 5959 MATTEW DR
Sold on Mar 15, 2023

24

Map

Photo of 5959 MATTEW DR
Photo of 5959 MATTEW DR
$243,500
● House - Off Market

5959 MATTEW DR

Horn Lake, MS 38637
bedrooms
3 Beds
bathrooms
2 Baths
$257,621
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This lovely 3 bedroom 2 bath homes also features a large bonus room, great for a hideout or an office! There's plenty of storage space, open floor plan with kitchen and great room area, with great breakfast bar, perfect for entertaining or family time! Home has plenty of backyard space, located in a tucked away neighborhood, that is close to expressway, shopping, and schools! Don't let this well maintained home get away!
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$154
HOA Dues
$25
Year Built
2009

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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 months ago (Realtracs #RTC3114156)

Price History

Date / Event Date Event Price
Mar 15, 2023 Sold
Premium
Sold
Feb 6, 2023 Listed by BEST Real Estate Company $250,000
Listed by BEST Real Estate Company
Oct 24, 2017 Sold
Premium
Sold
Mar 29, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Total Rooms: 7
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,628
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 540
  • Total Building Area: 2,086
  • Building Area: 2,086
  • Building Area Measurement: J

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,086
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NICOLE PLACE SEC B
  • Land Acres: 0000000290
  • Standard Land Use Code: 1999
  • County Land Use Code: RES
  • Legal Description 1: NICOLE PLACE PUD SEC B LOT 53

Neighborhood

  • School District Name: DeSoto County School District
  • Census Tract: 070324

Zoning

  • Zoning: PUD

Geography

  • Section: B
  • Parcel: 2-08-3-05-03-0-00053-00
  • Lot: 53
  • Meridian: SEC 05 TWN 02 RNG 008
  • Latitude: 34.9474
  • Longitude: -90.0783

    Address

  • Full Address: 5959 Mattew Dr
  • Address - House Number: 5959
  • Address - Street Name: Mattew
  • Address - Suffix Type: Dr
  • State: MS
  • City Name: Horn Lake
  • Carrier Code: R004
  • 4-Digit Zip Code: 8723
  • Zip Code: 38637

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $183,648

    Appraisal Valuation

  • Standard Deviation: 0.1733
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 77
  • Final Value: 284,140
  • High Value: 333,408
  • Low Value: 234,873

    Market Valuation

  • Market Total Value: $143,888
  • Market Land Value: $28,000
  • Market Improvement Value: $115,888

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,389

    Sales

  • Current Sale Contract Date: Mar 15, 2023
  • Current Sale Recording Date: Mar 31, 2023
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 24, 2017
  • Previous Sale Contract Date: Oct 19, 2017
  • Previous Sale Amount: $155,200
  • Previous Sale Document Type: 27
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 Horn Lake

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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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Realtracs

Listed by: Kaye Thompson, BEST Real Estate Company
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3114156
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 5959 Matthew Drive built and last sold?
The property at 5959 Matthew Drive was built in 2009 and last sold on Mar 15, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 5959 Matthew Drive is $252,500.
What are some comparable homes to 5959 Matthew Drive?
There are currently no comparable homes to 5959 Matthew Drive.
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