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Murphy 75094 Maxwell Creek North
705 Paint Creek Road
$375,000
● House - Off Market

705 Paint Creek Road

Murphy, TX 75094
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,312 Ft²
$401,768
RealtyHop Estimate
18.17%
Since Jul 1, 2021
TX-Dallas
Primary Model

About This Property

Charming Home with Great Curb Appeal in Highly Desired Maxwell Creek Subdivision.  Loved and well maintained 1 story home in Murphy.  4 bed, 2 bath, open floorplan!  Custom closets.  All new flooring recently installed throughout including bedrooms.  Spacious well manicured backyard with new sod.  A must see!
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$147
Property Type
House
Property Taxes
-
HOA Dues
$285
Year Built
2003

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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: 5 months ago (NTREIS #14567889)

Price History

Date / Event Date Event Price
Jun 4, 2021 Sold
Premium
Sold
May 1, 2021 Listed by United Real Estate $340,000
Listed by United Real Estate
Charming Home with Great Curb Appeal in Highly Desired Maxwell Creek Subdivision. Loved and well maintained 1 story home in Murphy. 4 bed, 2 bath, open floorplan! Custom closets. All new flooring recently installed throughout including bedrooms. Spacious well manicured backyard with new sod. A must see!

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 423
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,964
  • Total Building Area: 2,735
  • Gross Building Area: 2,767
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAXWELL CREEK NORTH PHASE 3 (CMR)
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: MAXWELL CREEK NORTH PHASE 3 (CMR), BLK N, LOT 15

Neighborhood

  • School District Name: Wylie Independent School District
  • School Tax School District: WYLIE ISD
  • Census Tract: 031329

Zoning

  • Zoning: SFR

Geography

  • Assessors Map Reference: 639-V
  • District: CMR
  • Parcel: R-4686-00N-0150-1
  • Block: N
  • Lot: 15
  • Municipality: MURPHY CITY
  • Latitude: 33.0248
  • Longitude: -96.596

    Address

  • Full Address: 705 Paint Creek Rd
  • Address - House Number: 705
  • Address - Street Name: Paint Creek
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Murphy
  • Carrier Code: R092
  • 4-Digit Zip Code: 4360
  • Zip Code: 75094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $837,109
  • Tax Rate Code Area: SWY

    Appraisal Valuation

  • Standard Deviation: 0.2125
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 521,244
  • High Value: 632,013
  • Low Value: 410,475

    Market Valuation

  • Market Total Value: $462,234
  • Market Land Value: $140,000
  • Market Improvement Value: $322,234

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $452,220
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $322,234

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 04, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20210607001146760
  • Previous Sale Recording Date: Aug 08, 2003
  • Previous Sale Contract Date: Jul 30, 2003
  • Previous Sale Amount: $125,000
  • 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 Maxwell Creek North

Stats & Trends

Median Asking:

$628,500

Sale Price/ft²

$184

Below Asking

0.02%

Average Days on Market

60

Average Home Size

3557 ft²

Average Home Age

18.2 years

Currently For Sale

13 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 613 Emily Lane, Wylie, TX, 75098

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,610 ft²
613 Emily Lane, Wylie, TX, 75098 Listing by Luke Yin
Unit for rent at 612 Laurel Lane, Wylie, TX, 75098

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,587 ft²
612 Laurel Lane, Wylie, TX, 75098 Listing by Shilpa Savaliya
Unit for rent at 709 Lowveld Drive, Murphy, TX, 75094

$2,395 /mo

  • 3 Beds
  • 2 Baths
  • 2,039 ft²
709 Lowveld Drive, Murphy, TX, 75094 Listing by Ryan Ward

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Sabrina Delacretaz, United Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14567889
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 705 Paint Creek Road built and last sold?
The property at 705 Paint Creek Road was built in 2003 and last sold on Jun 4, 2021 for $445,300.
How much is this home worth?
The estimated value of the home located at 705 Paint Creek Road is $355,057.
What are some comparable homes to 705 Paint Creek Road?
There are currently no comparable homes to 705 Paint Creek Road.
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