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Grayson 75090
626 Hayes Road
$325,000
● Land - Off Market

626 Hayes Road

Sherman, TX 75090
bedrooms
Studio
bathrooms
0 Bath
$365,054
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Back on the market!  Buyer's financing fell through due to higher interest rates.  Price Reduced!  Beautiful Property surrounded by trees for privacy.  A creek borders 2 sides.  Large, cleared area perfect for your custom home, RV or mobile home with views of the wildflowers, redbud trees, birds and animals. Peaceful and serine environment. It would also make a great deer camp, residential development, or RV Park.  Use your imagination for all the possibilities. The owner will remove all personal items and stuff from the property. Call for an appointment today.  The cabin and tiny home are occupied.  The tiny home will be removed before closing.  DO NOT GO ON THE PROPERTY WITHOUT THE LISTING AGENT.
Unit Size
-
Days on Market
-
Land Size
17.79 acres
Price per sqft
-
Property Type
Land
Property Taxes
$77
HOA Dues
-
Year Built
1990

Payment Calculator

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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 #20033592)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Apr 15, 2022 Listed by C-21 DEAN GILBERT, REALTORS $351,000
Listed by C-21 DEAN GILBERT, REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 83
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 775,107
  • Total Building Area: 352
  • Gross Building Area: 384
  • Building Area: 352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENDERSON L D A-G0509
  • Land Acres: 0000017794
  • Standard Land Use Code: 1000
  • County Land Use Code: E
  • State Land Use Code: E
  • Legal Description 1: G-0509 HENDERSON L D A-G0509, ACRES 17.794

Neighborhood

  • School District Name: Tom Bean Independent School District
  • Census Tract: 000102

Geography

  • Assessors Map Reference: 283-P
  • Parcel: 126339
  • Lot: D
  • Municipality: UNINCORPORATED
  • Latitude: 33.5963
  • Longitude: -96.501

    Address

  • Full Address: 626 Hayes Rd
  • Address - House Number: 626
  • Address - Street Name: Hayes
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Sherman
  • Carrier Code: R004
  • 4-Digit Zip Code: 3380
  • Zip Code: 75090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $530,836
  • Tax Rate Code Area: STB

    Appraisal Valuation

  • Standard Deviation: 0.2497
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 349,662
  • High Value: 436,984
  • Low Value: 262,341

    Market Valuation

  • Market Total Value: $314,057
  • Market Land Value: $285,737
  • Market Improvement Value: $28,320

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $61,116

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31098
  • Previous Sale Recording Date: Apr 24, 2015
  • Previous Sale Contract Date: Apr 15, 2015
  • 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 Grayson

Stats & Trends

Median Asking:

$304,990

Sale Price/ft²

$171

Above Asking

0.00%

Average Days on Market

86

Average Home Size

2112 ft²

Average Home Age

32 years

Currently For Sale

1451 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 1123 Tribble Road, Sherman, TX, 75090

$850 /mo

  • Studio
1123 Tribble Road, Sherman, TX, 75090 Listing by Kavi Mainali

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Marilyn Williams, C-21 DEAN GILBERT, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20033592
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 626 Hayes Road built and last sold?
The property at 626 Hayes Road was built in 1990 and last sold on Sep 15, 2022 for $345,800.
How much is this home worth?
The estimated value of the home located at 626 Hayes Road is $0.
What are some comparable homes to 626 Hayes Road?
There are currently no comparable homes to 626 Hayes Road.
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