$58,000
●
Land -
Off Market
6545 Ridgecrest Lane
Argyle, TX 76226
Studio
0 Bath
$68,666
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
COUNTRY FEEL, NO RESTRICTIONS, UTILITIES ON SITE. This property has
all the potential to bring your construction ideas to life. The
land is outside of city limits therefore it has no known
restrictions. You can build a house, put a mobile home, have farm
animals etc and still have plenty of room for a gorgeous front and
backyard area. A septic tank was installed in 2014, water and
electricity are on site. The camper on the land is negotiable. Once
fixed, it could serve as a rental or to live in; camper previously
rented for $600 monthly. Don't miss out on one of the few lands
where mobile homes are allowed!
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1977
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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: 6 months ago (NTREIS #14621395)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2022 | Sold | ||
| Sold | |||
| Jan 19, 2022 | Listed by Lugary, LLC | $175,000 | |
| Listed by Lugary, LLC | |||
| | |||
|
**Country living with NO city limits**SOLD AS IS**Very large MFH with a work shop (has electricity) & extra room added (has AC) that can be used as an office, extra bedroom, living area. Partial interior renovation (2015). Updated electrical panel, plumbing & 5 Ton AC unit. Kitchen fully remodeled (2016) appliances will stay. MFH is securely held down by metal posts in concrete and has an aluminum roof. Recently added cedar wood front deck. Plenty of land around property. Master bathroom has been partially remodeled. All electrical and plumbing work have been done. Bathroom is ready for vanities to be installed. Jacuzzi tub installed and working. Make it your perfect space with a little TLC! COME SEE!
| |||
| Aug 3, 2021 | Sold | ||
| Sold | |||
| Jul 9, 2021 | Listed by Lugary, LLC | $60,000 | |
| Listed by Lugary, LLC | |||
| | |||
|
COUNTRY FEEL, NO RESTRICTIONS, UTILITIES ON SITE. This property has all the potential to bring your construction ideas to life. The land is outside of city limits therefore it has no known restrictions. You can build a house, put a mobile home, have farm animals etc and still have plenty of room for a gorgeous front and backyard area. A septic tank was installed in 2014, water and electricity are on site. The camper on the land is negotiable. Once fixed, it could serve as a rental or to live in; camper previously rented for $600 monthly. Don't miss out on one of the few lands where mobile homes are allowed!
| |||
Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About Stonecrest South
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Listed by: Thalia Valencia, Lugary, LLC
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14621395
Details provided by NTREIS and may not match the public record
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14621395
Details provided by NTREIS and may not match the public record
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