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DeSoto 75115 Lynnwood Estates
818 Timberline Avenue
$220,000
● House - Off Market

818 Timberline Avenue

DeSoto, TX 75115
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,448 Ft²
$303,761
RealtyHop Estimate
44.72%
Since Aug 1, 2020
TX-Dallas
Primary Model

About This Property

Do you wish you could say, for under $215,000. Everyone in our family has their own space; no more fighting over areas. Recently updated home, so it's move-in ready. I didn't have to sacrifice a bedroom to have a home office. Kitchen has brand new, SS appliances. We are 3 min to I-35, so we can get anywhere in DFW quickly! I save 30-min every morning because the kids can walk to elementary school. 12 min to DeSoto High School, 17 min to Downtown Dallas, 31 min to DFW Airport & 26 min to Love Field. IF YOU RENT THIS HOME, YOU COULD POTENTIALLY MAKE 9% CASH-ON-CASH RETURN! GREAT DEAL TO HOMESTEAD OR INVEST. Call for detail.
Unit Size
2,448 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$86
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
1980

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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 #14348236)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
May 22, 2020 Listed by Randy White Real Estate Svcs $209,900
Listed by Randy White Real Estate Svcs

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,174
  • Total Building Area: 2,928
  • Building Area: 2,448
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNWOOD ESTATES 1 REV
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: A11
  • State Land Use Code: A11
  • Legal Description 1: LYNNWOOD ESTATES 1 REV BLK 3 LOT 17 INT202000194715 DD07242020 CO-DC 0595000301700 4CS05950003

Neighborhood

  • School District Name: DeSoto Independent School District
  • School Tax School District: DESOTO ISD
  • Census Tract: 016610

Zoning

  • Zoning: Z312

Geography

  • Assessors Map Reference: 200595000301700
  • Account Number: 200595000301700
  • Subdivision Tract Number: 5950
  • Parcel: 20-05950-003-017-0000
  • Block: 3
  • Lot: 17
  • Municipality: DESOTO
  • Latitude: 32.6129
  • Longitude: -96.8369

    Address

  • Full Address: 818 Timberline Ave
  • Address - House Number: 818
  • Address - Street Name: Timberline
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Desoto
  • Carrier Code: C016
  • 4-Digit Zip Code: 3418
  • Zip Code: 75115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $527,492
  • Tax Rate Code Area: SS

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 324,830
  • High Value: 397,117
  • Low Value: 252,544

    Market Valuation

  • Market Total Value: $274,040
  • Market Land Value: $50,000
  • Market Improvement Value: $224,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,040
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $224,040

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202000194715
  • Previous Sale Recording Date: Mar 11, 2016
  • Previous Sale Contract Date: Feb 26, 2016
  • Previous Sale Amount: $286,400
  • 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 Lynnwood Estates

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$132

Above Asking

0.00%

Average Days on Market

66

Average Home Size

1911 ft²

Average Home Age

47 years

Currently For Sale

1 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 1226 Ranch Valley Drive, DeSoto, TX, 75115

$2,700 /mo

  • 4 Beds
  • 3 Baths
  • 2,681 ft²
1226 Ranch Valley Drive, DeSoto, TX, 75115 Listing by Adriana Mendez

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: David Stoltzman, Randy White Real Estate Svcs
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14348236
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 818 Timberline Avenue built and last sold?
The property at 818 Timberline Avenue was built in 1980 and last sold on Jul 24, 2020 for $218,900.
How much is this home worth?
The estimated value of the home located at 818 Timberline Avenue is $0.
What are some comparable homes to 818 Timberline Avenue?
There are currently no comparable homes to 818 Timberline Avenue.
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