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Hood 76476
8300 Colony Road
$980,000
● House - Off Market

8300 Colony Road

Tolar, TX 76476
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,106 Ft²
$1,004,022
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Getaway from city dwelling and embrace the peaceful life of the country! Located right outside of sought-after Tolar area sits 35 beautiful acres of Ag. exempt land. In this charming 3-bed, 2-bath ranch-style home you'll find tasteful updates throughout the property including a renovated kitchen, large utility room, tile flooring, and split bedroom layout creating more open floor space. Large newly built 80x80 under roof, 40x60 slab shop with, 10-11 acres produce costal hay, remaining acreage for livestock with a pond, oak trees, game fence along east side of property, and stunning views.
Unit Size
2,106 Ft²
Days on Market
-
Land Size
35.00 acres
Price per sqft
$463
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1990

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20003901)

Price History

Date / Event Date Event Price
Mar 31, 2022 Sold
Premium
Sold
Mar 9, 2022 Listed by Keller Williams Brazos West $975,000
Listed by Keller Williams Brazos West

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • 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: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 2,590
  • Building Area: 2,590
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,590
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J N BROWN - ABST 83
  • Land Acres: 0000002000
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ACRES: 2.000 ABST: J N BROWN - ABST 83

Neighborhood

  • School District Name: Tolar Independent School District
  • Census Tract: 160302

Geography

  • Assessors Map Reference: MAP 117
  • Parcel: 20083.000.0090.0
  • Municipality: TOLAR
  • Latitude: 32.4181
  • Longitude: -97.9199

    Address

  • Full Address: 8300 Colony Rd
  • Address - House Number: 8300
  • Address - Street Name: Colony
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Tolar
  • Carrier Code: R002
  • 4-Digit Zip Code: 3033
  • Zip Code: 76476

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $508,364
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 442,738
  • High Value: 529,725
  • Low Value: 355,751

    Market Valuation

  • Market Total Value: $412,130
  • Market Land Value: $31,000
  • Market Improvement Value: $381,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,130
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $381,130

    Sales

  • Current Sale Contract Date: Oct 31, 2013
  • Current Sale Recording Date: Oct 31, 2013
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 27, 2013
  • Previous Sale Contract Date: Mar 27, 2013
  • Previous Sale Document Type: 27
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 Hood

Stats & Trends

Median Asking:

$359,444

Sale Price/ft²

$193

Below Asking

0.03%

Average Days on Market

81

Average Home Size

2114 ft²

Average Home Age

8.6 years

Currently For Sale

696 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 204 E 6th Street, Tolar, TX, 76476

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 960 ft²
204 E 6th Street, Tolar, TX, 76476 Listing by Pam Knieper

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: James Henderson, Keller Williams Brazos West
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20003901
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8300 Colony Road built and last sold?
The property at 8300 Colony Road was built in 1990 and last sold on Oct 31, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 8300 Colony Road is $984,750.
What are some comparable homes to 8300 Colony Road?
There are currently no comparable homes to 8300 Colony Road.
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