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Ellis 76084 Morgan Creek Estates
8880 Norrell Road
$190,000
● Mobile Manufactured - Off Market

8880 Norrell Road

Venus, TX 76084
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,128 Ft²
$288,729
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

NICE DOUBLEWIDE MOBIL HOME, ON ALMOST 5 ACRES, ....... MIDLOTHIAN SCHOOL DISTRICT ...... FOUR BEDROOMS, TWO BATHS ........ PLENTY ROOM FOR HORSES ....... MUST SEE IT!
Unit Size
2,128 Ft²
Days on Market
-
Land Size
4.75 acres
Price per sqft
$93
Property Type
Mobile Manufactured
Property Taxes
$28
HOA Dues
-
Year Built
-

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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 #14180618)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Sep 15, 2019 Listed by Rico Realty $197,000
Listed by Rico Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 1,440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 206,779
  • Total Building Area: 2,128
  • Gross Building Area: 3,756
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORGAN CREEK EST PH 8 - REV
  • Land Acres: 0000004747
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 33C MORGAN CREEK EST PH 8 - REV 4.747 AC

Neighborhood

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

Geography

  • Assessors Map Reference: 6G-A
  • Parcel: 206563
  • Lot: 33C
  • Municipality: VENUS
  • Latitude: 32.3878
  • Longitude: -97.0358

    Address

  • Full Address: 8880 Norrell Rd
  • Address - House Number: 8880
  • Address - Street Name: Norrell
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Venus
  • Carrier Code: R002
  • 4-Digit Zip Code: 4812
  • Zip Code: 76084

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $401,579
  • Tax Rate Code Area: 503

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 64
  • Final Value: 394,285
  • High Value: 492,467
  • Low Value: 296,103

    Market Valuation

  • Market Total Value: $364,998
  • Market Land Value: $250,000
  • Market Improvement Value: $114,998

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $364,998
  • Assessed Land Value: $250,000
  • Assessed Improvements Value: $114,998

    Sales

  • Current Sale Contract Date: Sep 27, 2019
  • Current Sale Recording Date: Sep 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1928988
  • Previous Sale Recording Date: Sep 11, 2019
  • Previous Sale Contract Date: Aug 30, 2019
  • Previous Sale Amount: $131,300
  • 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 Morgan Creek Estates

Stats & Trends

Median Asking:

$687,500

Sale Price/ft²

$147

Below Asking

0.04%

Average Days on Market

78

Average Home Size

5204 ft²

Average Home Age

16.8 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

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NTREIS

Listed by: Francisco Rico, Rico Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14180618
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8880 Norrell Road built and last sold?
The property at 8880 Norrell Road was built in and last sold on Sep 27, 2019 for $160,000.
How much is this home worth?
The estimated value of the home located at 8880 Norrell Road is $198,970.
What are some comparable homes to 8880 Norrell Road?
There are currently no comparable homes to 8880 Norrell Road.
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