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Johnson 76028 High Country Estates
8217 County Road 518
$400,000
● House - Off Market

8217 County Road 518

Burleson, TX 76028
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,037 Ft²
$2,364
Est. Monthly
6.15%
Cap Rate

About This Property

NO CITY TAXES!!!! This property is nestled on a spacious .75-acre lot and filled with the perfect updates needed to make this house ready to move right in! This beautiful four-bedroom home is located just outside Burleson city limits to give you the taste of quite country living yet you're only a quick drive to shopping, highways and dining! Featuring two living areas downstairs, spacious bedrooms, granite counters in the kitchen and bathrooms, updated fixtures, new stove, new carpet and laminate, fresh paint inside and out, insulated garage doors, and fiber internet availably for your in-home office. Additional exterior benefits of beautiful peach trees, shed for storage and an RV electric hook up! Don't miss out on your next adventure!
Unit Size
2,037 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$196
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1997

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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 #20614747)

Price History

Date / Event Date Event Price
Jun 13, 2024 Sold
Premium
Sold
May 23, 2024 In contract -
In contract
May 13, 2024 Listed by Rose Group Realty LLC $399,000
Listed by Rose Group Realty LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 640
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 2,037
  • Building Area: 2,037
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,037
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGH COUNTRY ESTATES
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT 7 BLK 2 HIGH COUNTRY ESTATES

Neighborhood

  • School District Name: Burleson Independent School District
  • School Tax School District: BURLESON ISD
  • Census Tract: 130406

Geography

  • Assessors Map Reference: 126.2658.00280
  • Account Number: R000030949
  • Parcel: 126-2658-00280
  • Block: 2
  • Lot: 7
  • Municipality: BURLESON
  • Latitude: 32.4933
  • Longitude: -97.2562

    Address

  • Full Address: 8217 County Road 518
  • Address - House Number: 8217
  • Address - Street Name: County Road 518
  • State: TX
  • City Name: Burleson
  • Carrier Code: R016
  • 4-Digit Zip Code: 1505
  • Zip Code: 76028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $484,861
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 399,426
  • High Value: 486,306
  • Low Value: 312,546

    Market Valuation

  • Market Total Value: $378,222
  • Market Land Value: $66,000
  • Market Improvement Value: $312,222

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $378,222
  • Assessed Land Value: $66,000
  • Assessed Improvements Value: $312,222

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 08, 2014
  • Current Sale Recording Date: Dec 23, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201400027376
  • Previous Sale Recording Date: Aug 08, 2014
  • Previous Sale Contract Date: Jun 23, 2014
  • Previous Sale Document Type: 68
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 High Country Estates

Stats & Trends

Median Asking:

$445,000

Sale Price/ft²

$205

Above Asking

0.00%

Average Days on Market

56

Average Home Size

2171 ft²

Average Home Age

42 years

Currently For Sale

0 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 3501 E Renfro Street, Burleson, TX, 76028

$1,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,379 ft²
3501 E Renfro Street #103, Burleson, TX, 76028 Listing by Abigail Cardenas

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Kaiti Klint, Rose Group Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20614747
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8217 County Road 518 built and last sold?
The property at 8217 County Road 518 was built in 1997 and last sold on Dec 8, 2014 for $174,100.
How much is this home worth?
The estimated value of the home located at 8217 County Road 518 is $0.
What are some comparable homes to 8217 County Road 518?
There are currently no comparable homes to 8217 County Road 518.
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