$435,000
●
House -
Off Market
7206 Gorham Drive
Garland, TX 75044
4 Beds
1 Bath,
1
Half Bath
3,337 Ft²
$649,586
RealtyHop Estimate
47.67%
Since May 1, 2020
TX-Dallas
Primary Model
About This Property
One owner home in highly sought Spring Park and Richardson ISD,
picture perfect & updated to meet the most discriminating buyer's
expectations! Your entry is greeted by gleaming hardwoods, leading
past formal liv & din rooms to inviting family room w-a wall of
windows overlooking the backyard oasis w-glistening pool, attached
spa, outdoor cooking area & wood deck perfect for family play!
Gourmet kitchen opens to family rm across spacious breakfast bar &
features granite c'tops, painted cabinets & tons of counterspace to
delight the family chef. Split master suite down w-walk in closet,
sep shower & soaking tub for those precious few quiet moments. Up
are 3 more bdrms, 1 w-private bath, a gameroom & craft room!
Unit Size
3,337 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$132
Property Type
House
Property Taxes
$970
HOA Dues
$82
Year Built
1997
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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 #14261601)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Apr 17, 2022 | Listed by Ultima Real Estate | $725,000 | |
| Listed by Ultima Real Estate | |||
| | |||
|
OFFER DEADLINE DUE BY 1PM MONDAY, MAY 2ND. STUNNING home in the highly sought after Springpark area surrounded by 17-acre lake & trails. Features include high vaulted ceiling, hardwood floor, 2 living areas, 2 dining areas, quartz counters, & updated FP hearth. Freshly paint throughout with an open concept floorplan. Family room & kitchen overlooking the gorgeous backyard retreat of sparkling pool & attached spa. Kitchen recently had a makeover w-new quartz counters, backsplashes, & new double ovens. Master downstairs w-large walk-in closet & spacious bath. Second floor opens to a 2nd living or entertainment area. Three upstairs beds w-an extra flex room that can be used as an exercise or kid's play room. Inviting backyard pool oasis w-an outdoor living area w-attached grill to BBQ for family & friends. Community amenities include wooded trails, 10 tennis courts, community pool, playgrounds, community garden, & fitness center. Minutes to equestrian facilities & Sherrill Golf course.
| |||
| Apr 13, 2020 | Sold | ||
| Sold | |||
| Jan 26, 2020 | Listed by RE/MAX Associates of Arlington | $439,900 | |
| Listed by RE/MAX Associates of Arlington | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Spring Park
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Listed by: Dan Stafford, RE/MAX Associates of Arlington
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14261601
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14261601
Details provided by NTREIS and may not match the public record
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