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Ellis 76065
8031 Drew Lane
$685,990
● House - Off Market

8031 Drew Lane

Midlothian, TX 76065
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,426 Ft²
$726,195
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

WOW! WHAT ANOTHER BEAUTY FROM ELMWOOD CUSTOM HOME! This beautiful home is situated on an acre of land and is located in Midlothian ISD, OUTSIDE CITY Limits. Features The Peyton floor plan, 4 bedrooms, 3.5 bathrooms, 2 stories, 3 car garage, game room, media room, study, and so much more! Large kitchen featuring a kitchen island, pantry, eat-in kitchen, and gorgeous cabinetry. Beautiful flooring throughout, open concept layout, and has all the upgrades you could ever imagine! Master bedroom and guest room on the first floor, and all other bedrooms on the second floor including the game room and media room! Not to mention, the amazing view you will get from the backyard! This beauty is the definition of a dream home!
Unit Size
3,426 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$200
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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 #20181248)

Price History

Date / Event Date Event Price
Jan 25, 2023 Sold
Premium
Sold
Oct 7, 2022 Listed by NextHome on Main $685,990
Listed by NextHome on Main

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 701
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,250
  • Total Building Area: 3,912
  • Gross Building Area: 4,114
  • Building Area: 3,211
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,211
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JORDAN RUN PH IV
  • Land Acres: 0000001016
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 2 BLK A JORDAN RUN PH IV 1.0158 AC

Neighborhood

  • School District Name: Midlothian Independent School District
  • Census Tract: 060900

Geography

  • Parcel: 293870
  • Block: A
  • Lot: 2
  • Latitude: 32.3958
  • Longitude: -97.036

    Address

  • Full Address: 8031 Drew Dr
  • Address - House Number: 8031
  • Address - Street Name: Drew
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Midlothian
  • Carrier Code: R004
  • 4-Digit Zip Code: 8924
  • Zip Code: 76065

Valuation

    Tax

  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 78
  • Final Value: 668,460
  • High Value: 779,920
  • Low Value: 557,000

    Market Valuation

  • Market Total Value: $674,115
  • Market Land Value: $130,000
  • Market Improvement Value: $544,115

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $674,115
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $544,115

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 30, 2023
  • Current Sale Recording Date: Feb 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3064
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 Ellis

Stats & Trends

Median Asking:

$426,995

Sale Price/ft²

$186

Above Asking

0.15%

Average Days on Market

77

Average Home Size

2594 ft²

Average Home Age

16.2 years

Currently For Sale

1221 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

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NTREIS

Listed by: Crystal Ashley, NextHome on Main
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20181248
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8031 Drew Lane built and last sold?
The property at 8031 Drew Lane was built in 2022 and last sold on Jan 30, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 8031 Drew Lane is $691,050.
What are some comparable homes to 8031 Drew Lane?
There are currently no comparable homes to 8031 Drew Lane.
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