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Navarro 75155
8224 NE County Road 1040
$283,000
● House - Off Market

8224 NE County Road 1040

Rice, TX 75155
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,300 Ft²
$294,331
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

This 3 bedroom 2 bathroom home is perfect for a starter home or down sizing. It comes with an attached carport and a wood fence around the property making it great for privacy. This oversized backyard is perfect for pets, gardening or entertaining. The living room provides plenty of area to enjoy with family and friends. The master bedroom and bathroom is like having your own spa like location to enjoy with peace and quite. The secondary bedrooms has plenty of privacy and space. Ready to make the move? Contact us today! Buyers and buyers agent to verify all information. Seller is a Texas Realtor
Unit Size
1,300 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$218
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019

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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 #20162612)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Sep 13, 2022 Listed by Texas Premier Realty North Cen $283,000
Listed by Texas Premier Realty North Cen

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • 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: 624
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,836
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,300
  • Gross Building Area: 2,024
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANCE ADDITION
  • Land Acres: 0000001190
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: F0510 FRANCE ADDITION LOT 6-R 1.19 ACRES

Neighborhood

  • School District Name: Corsicana Independent School District
  • School Tax School District: SRI
  • Census Tract: 970100

Geography

  • Account Number: F0510.00.00060.00R.00.0
  • Parcel: 83321
  • Lot: 6-R
  • Municipality: RICE
  • Latitude: 32.2512
  • Longitude: -96.4791

    Address

  • Full Address: 8224 Ne County Road 1040
  • Address - House Number: 8224
  • Street Direction: NE
  • Address - Street Name: County Road 1040
  • State: TX
  • City Name: Rice
  • Carrier Code: R001
  • 4-Digit Zip Code: 5112
  • Zip Code: 75155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,274
  • Tax Rate Code Area: GNV JCN NF

    Appraisal Valuation

  • Standard Deviation: 0.2685
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 315,041
  • High Value: 399,646
  • Low Value: 230,437

    Market Valuation

  • Market Total Value: $266,050
  • Market Land Value: $51,840
  • Market Improvement Value: $214,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,050
  • Assessed Land Value: $51,840
  • Assessed Improvements Value: $214,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10505
  • Previous Sale Recording Date: Jul 30, 2020
  • Previous Sale Contract Date: Jul 28, 2020
  • Previous Sale Amount: $222,100
  • 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 Navarro

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$161

Below Asking

0.04%

Average Days on Market

77

Average Home Size

2180 ft²

Average Home Age

40.4 years

Currently For Sale

268 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 200 N Dallas Street, Rice, TX, 75155

$1,575 /mo

  • 2 Beds
  • 2 Baths
  • 1,311 ft²
200 N Dallas Street #114, Rice, TX, 75155 Listing by Josh Tay

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Eric Keathly, Texas Premier Realty North Cen
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20162612
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8224 Northeast County Rd 1040 built and last sold?
The property at 8224 Northeast County Rd 1040 was built in 2019 and last sold on Sep 30, 2022 for $280,652.
How much is this home worth?
The estimated value of the home located at 8224 Northeast County Rd 1040 is $282,303.
What are some comparable homes to 8224 Northeast County Rd 1040?
There are currently no comparable homes to 8224 Northeast County Rd 1040.
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