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Denton 76259 Ponder Acres
720 Ripy Road
$170,000
● Land - Off Market

720 Ripy Road

Ponder, TX 76259
bedrooms
Studio
bathrooms
0 Bath
$200,065
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

This 3.112 acre residential lot is perfect for a private country feel close to Denton and Dallas. The area allows up to 4 large animals. The burned structure on the lot and the storage buildings will be removed as the seller's expense.
Unit Size
-
Days on Market
-
Land Size
3.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1990

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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 #14750471)

Price History

Date / Event Date Event Price
Feb 17, 2022 Sold
Premium
Sold
Jan 31, 2022 Listed by Fathom Realty $190,000
Listed by Fathom Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 135,559
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 1,355,590
  • Total Building Area: 1,654
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PONDER ACRES ADDN SEC 4
  • Land Acres: 0000003112
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: PONDER ACRES ADDN SEC 4 LOT 33R-A

Neighborhood

  • School District Name: Ponder Independent School District
  • Census Tract: 020206

Geography

  • Assessors Map Reference: SP0034A-000000
  • Parcel: R184303
  • Lot: 33R
  • Municipality: PONDER
  • Latitude: 33.2263
  • Longitude: -97.3196

    Address

  • Full Address: 720 Ripy Rd
  • Address - House Number: 720
  • Address - Street Name: Ripy
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Ponder
  • Carrier Code: R003
  • 4-Digit Zip Code: 4225
  • Zip Code: 76259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $265,552
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: S13

    Appraisal Valuation

  • Standard Deviation: 0.1632
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 257,242
  • High Value: 299,248
  • Low Value: 215,236

    Market Valuation

  • Market Total Value: $185,469
  • Market Land Value: $185,469

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,469
  • Assessed Land Value: $185,469

    Sales

  • Current Sale Contract Date: Feb 17, 2022
  • Current Sale Recording Date: Feb 22, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 27086
  • Previous Sale Recording Date: Jan 22, 1997
  • Previous Sale Contract Date: Jan 15, 1997
  • Previous Sale Document Type: 71
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 Ponder Acres

Stats & Trends

Median Asking:

$484,500

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2206 ft²

Average Home Age

-

Currently For Sale

11 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 15350 Us Highway 380, Krum, TX, 76249

$4,800 /mo

  • 3 Beds
  • 3 Baths
  • 4,320 ft²
15350 Us Highway 380, Krum, TX, 76249 Listing by Mark Hunt

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Myers Baker, Fathom Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14750471
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 720 Ripy Road built and last sold?
The property at 720 Ripy Road was built in 1990 and last sold on Feb 17, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 720 Ripy Road is $191,900.
What are some comparable homes to 720 Ripy Road?
There are currently no comparable homes to 720 Ripy Road.
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