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Mineral Wells 76067
8 Cliff Drive
$360,000
● House - Off Market

8 Cliff Drive

Mineral Wells, TX 76067
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,356 Ft²
$449,292
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Rare opportunity for amazing estate in coveted Bluffview Estates overlooking the city from large backyard! This classic three bedroom, two bath brick home sits on over an acre, ready to create your dream outdoor entertainment area or sit on the back patio to watch the sun rise. Roomy living area features gas fireplace and built in cabinet. Large kitchen features eat-in breakfast area, built-in china hutch, and access to formal dining room. Nice, big bedrooms, with walk-in closets and separate shower suite in primary bathroom. Extended area in utility room has plenty of space for an extra refrigerator. Property located near cul-de-sac in quiet, upscale neighborhood. Don't miss your chance at this gorgeous property! Call or text today for a showing!
Unit Size
2,356 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$183
Property Type
House
Property Taxes
$814
HOA Dues
-
Year Built
1983

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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 #20227557)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Dec 27, 2022 Listed by Cornerstone Home and Ranch $430,000
Listed by Cornerstone Home and Ranch

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 600
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,747
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,356
  • Gross Building Area: 2,356
  • Building Area: 2,356
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,356
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLUFFVIEW ESTATES
  • Land Acres: 0000001165
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: BLUFFVIEW ESTATES BLK 1 LOT 9 G#B0600-00-00010-009-00-0

Neighborhood

  • School District Name: Mineral Wells Independent School District
  • School Tax School District: MWI MWC PPW
  • Census Tract: 000600

Geography

  • Account Number: R000011346
  • Parcel: 092680000
  • Block: 1
  • Lot: 9
  • Municipality: MINERAL WELLS
  • Latitude: 32.8223
  • Longitude: -98.0903

    Address

  • Full Address: 8 Cliff Dr
  • Address - House Number: 8
  • Address - Street Name: Cliff
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Mineral Wells
  • Carrier Code: R004
  • 4-Digit Zip Code: 3301
  • Zip Code: 76067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $906,451
  • Tax Rate Code Area: CAD 182 MW

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 459,063
  • High Value: 583,700
  • Low Value: 334,426

    Market Valuation

  • Market Total Value: $399,030
  • Market Land Value: $47,140
  • Market Improvement Value: $351,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,030
  • Assessed Land Value: $47,140
  • Assessed Improvements Value: $351,890

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1045
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 Mineral Wells

Stats & Trends

Median Asking:

$219,990

Sale Price/ft²

$147

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1854 ft²

Average Home Age

-

Currently For Sale

89 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 915 1st Street, Mineral Wells, TX, 76067

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,046 ft²
915 1st Street, Mineral Wells, TX, 76067 Listing by Lori Hulbert

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Christy Dorr, Cornerstone Home and Ranch
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20227557
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8 Cliff Drive built and last sold?
The property at 8 Cliff Drive was built in 1983 and last sold on Feb 28, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 8 Cliff Drive is $0.
What are some comparable homes to 8 Cliff Drive?
There are currently no comparable homes to 8 Cliff Drive.
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