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Tool 75143
728 Ridgewood Drive
$116,500
● House - Off Market

728 Ridgewood Drive

Tool, TX 75143
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,064 Ft²
$152,432
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

CUTE,CUTE,CUTE MOVE IN READY HOME WITH ACCESS TO CEDAR CREEK LAKE! This home was renovated in 2012 features include a GORGEOUS kitchen with granite counter tops, wood cabinets, stainless steel appliances, under counter lighting. Wood flooring in the high traffic areas. Covered patio that is decked great for cookouts after you get off the lake.  Surround sound, remote ceiling fans, living room dimmers, ring doorbell and much more! Don't miss this GEM! Call your favorite agent today!
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$108
Property Type
House
Property Taxes
$148
HOA Dues
$5
Year Built
2008

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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 #14454085)

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold
Premium
Sold
Oct 16, 2020 Listed by Ebby Halliday Realtors $115,000
Listed by Ebby Halliday Realtors

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Building Condition: 0
  • 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: 3
  • Garage Square Area: 192
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,089
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR CREST SHORES (508)
  • Land Acres: 0000000139
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LT 88 AB 360 G HANCOCK SUR, CEDARCREST SHORES ESTS, LT 88

Neighborhood

  • School District Name: Malakoff Independent School District
  • School Tax School District: TV
  • School Tax District Code 2: MALAKOFF ISD
  • Census Tract: 950801

Geography

  • Assessors Map Reference: 15X
  • Account Number: R000033360
  • Parcel: 2355-0000-0880-63
  • Lot: 88
  • Municipality: CITY OF TOOL
  • Latitude: 32.291
  • Longitude: -96.1874

    Address

  • Full Address: 728 Ridgewood Dr
  • Address - House Number: 728
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Tool
  • Carrier Code: R006
  • 4-Digit Zip Code: 2345
  • Zip Code: 75143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $316,925
  • Tax Rate Code Area: ES4,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.4536
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 123,432
  • High Value: 179,430
  • Low Value: 67,433

    Market Valuation

  • Market Total Value: $175,399
  • Market Land Value: $5,000
  • Market Improvement Value: $170,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $175,399
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $170,399

    Sales

  • Current Sale Contract Date: Nov 30, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00019484
  • Previous Sale Recording Date: Mar 18, 2013
  • Previous Sale Contract Date: Mar 01, 2013
  • Previous Sale Amount: $82,000
  • 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 Tool

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$184

Below Asking

0.05%

Average Days on Market

93

Average Home Size

1792 ft²

Average Home Age

35.8 years

Currently For Sale

54 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 131 Lakeway Lane, Gun Barrel City, TX, 75156

$2,850 /mo

  • 3 Beds
  • 2 Baths
  • 2,500 ft²
131 Lakeway Lane, Gun Barrel City, TX, 75156 Listing by Val McGilvra

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Maegan Mojica, Ebby Halliday Realtors
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14454085
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 728 Ridgewood Drive built and last sold?
The property at 728 Ridgewood Drive was built in 2008 and last sold on Nov 30, 2020 for $115,900.
How much is this home worth?
The estimated value of the home located at 728 Ridgewood Drive is $0.
What are some comparable homes to 728 Ridgewood Drive?
There are currently no comparable homes to 728 Ridgewood Drive.
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