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Morris 75571
720 CR 3315
$250,000
● House - Off Market

720 CR 3315

Omaha, TX 75571
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,043 Ft²
$1,130
Est. Monthly

About This Property

Hard to find home with acreage! Private and secluded country location! This property includes a 3-bedroom home with 2 living areas, large bedrooms, open kitchen and living area and more. The exterior has a large workshop on slab with electricity. There are a couple other storage buildings, a well house, covered porches and all sits on over 13 acres. This home definitely has a lot to offer and won't last long at this price.  Schedule your showing

today.
Unit Size
2,043 Ft²
Days on Market
-
Land Size
13.16 acres
Price per sqft
$113
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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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: 7 months ago (NTREIS #21147370)

Price History

Date / Event Date Event Price
May 1, 2026 Sold
Premium
Sold
Mar 27, 2026 In contract -
In contract
Mar 12, 2026 Price Decreased $230,000
↓ $20K (8%)
Price Decreased
Feb 15, 2026 Price Decreased $250,000
↓ $15K (5.7%)
Price Decreased
Jan 7, 2026 Listed by NE Texas Regional Realty $265,000
Listed by NE Texas Regional Realty
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: 6
  • 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: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 573,250
  • Lot Size Frontage Feet: 0
  • Total Building Area: 7,180
  • Gross Building Area: 7,180
  • Building Area: 7,180
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,043
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AS YOUNG SURVEY A 324
  • Land Acres: 0000013160
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: 324 A S YOUNG

Neighborhood

  • School District Name: Pewitt Consolidated Independent School District
  • Census Tract: 950100

Geography

  • Account Number: 10324000000310
  • Parcel: R000007342
  • Municipality: OMAHA
  • Latitude: 33.1636
  • Longitude: -94.7829

    Address

  • Full Address: 720 County Road 3315
  • Address - House Number: 720
  • Address - Street Name: County Road 3315
  • State: TX
  • City Name: Omaha
  • Carrier Code: R002
  • 4-Digit Zip Code: 5384
  • Zip Code: 75571

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $530,543
  • Tax Rate Code Area: CAD PS NTC

    Appraisal Valuation

  • Standard Deviation: 0.2226
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 411,802
  • High Value: 503,484
  • Low Value: 320,120

    Market Valuation

  • Market Total Value: $337,050
  • Market Land Value: $74,060
  • Market Improvement Value: $262,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,050
  • Assessed Land Value: $74,060
  • Assessed Improvements Value: $262,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 30, 2020
  • Current Sale Recording Date: May 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-000656
  • Previous Sale Recording Date: Jul 10, 2018
  • Previous Sale Contract Date: Jul 05, 2018
  • Previous Sale Amount: $249,600
  • 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 Morris

Stats & Trends

Median Asking:

$219,900

Sale Price/ft²

$133

Below Asking

0.07%

Average Days on Market

98

Average Home Size

1551 ft²

Average Home Age

-

Currently For Sale

30 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

Rentals Near You

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NTREIS

Listed by: Kevin Riney, NE Texas Regional Realty
Last Updated: 7 months ago
Data Source: NTREIS MLS, MLS# 21147370
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 720 Co Rd 3315 built and last sold?
The property at 720 Co Rd 3315 was built in 1985 and last sold on Apr 30, 2020 for $291,700.
How much is this home worth?
The estimated value of the home located at 720 Co Rd 3315 is $231,767.
What are some comparable homes to 720 Co Rd 3315?
There are currently no comparable homes to 720 Co Rd 3315.
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