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Heath 75032 Falcon Point
9 Raven Circle
$850,000
● House - Off Market

9 Raven Circle

Heath, TX 75032
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
4,250 Ft²
$963,517
RealtyHop Estimate
12.10%
Since Nov 1, 2021
TX-Dallas
Primary Model

About This Property

Outstanding custom home by Rick Shipley – D Magazine's Best Builder 12 Years Running!  Located on quiet cul-de-sac. Impressive home nestled on beautifully landscaped lot. Study, 2 dining areas, 2 living areas, master suite and two large bedrooms, all on the first floor. Second floor has game room, 2 large bedrooms and roomy Jack and Jill Bath with 2 sep. vanities.  Updated paint, laundry and powder room, decked attic, radiant barrier and extra insulation with a recent roof. Master offers double vanities, jetted tub and large shower. Enjoy grilling and entertaining on the 18x20 outdoor living area accessed from both kitchen and master. Home is conveniently located near grocery, dining and award-winning schools.
Unit Size
4,250 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$202
Property Type
House
Property Taxes
-
HOA Dues
$54
Year Built
2006

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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 #14676901)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Sep 23, 2021 Listed by Brent King Group $859,500
Listed by Brent King Group

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 760
  • Parking Space Count: 3
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,348
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 1,290
  • Total Building Area: 5,011
  • Gross Building Area: 5,191
  • Building Area: 4,251
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 4,251
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FALCON POINT PH 2
  • Land Acres: 0000000536
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: FALCON POINT PH 2, BLOCK D, LOT 12

Neighborhood

  • School District Name: Rockwall Independent School District
  • Census Tract: 040508

Geography

  • Assessors Map Reference: 324-N
  • Parcel: 64604
  • Block: D
  • Lot: 12
  • Municipality: HEATH
  • Latitude: 32.8291
  • Longitude: -96.4463

    Address

  • Full Address: 9 Raven Cir
  • Address - House Number: 9
  • Address - Street Name: Raven
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Rockwall
  • Carrier Code: R013
  • 4-Digit Zip Code: 8706
  • Zip Code: 75032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,339,228
  • Tax Rate Code Area: SRW

    Appraisal Valuation

  • Standard Deviation: 0.2109
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 986,695
  • High Value: 1,194,881
  • Low Value: 778,509

    Market Valuation

  • Market Total Value: $851,551
  • Market Land Value: $240,000
  • Market Improvement Value: $611,551

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,551
  • Assessed Land Value: $240,000
  • Assessed Improvements Value: $611,551

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 20210000029407
  • Previous Sale Recording Date: Sep 09, 2021
  • Previous Sale Contract Date: Sep 08, 2021
  • Previous Sale Amount: $160,000
  • 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 Falcon Point

Stats & Trends

Median Asking:

$844,500

Sale Price/ft²

$207

Below Asking

0.07%

Average Days on Market

89

Average Home Size

3564 ft²

Average Home Age

13.5 years

Currently For Sale

2 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: Jenny Allen, Brent King Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14676901
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 9 Raven Circle built and last sold?
The property at 9 Raven Circle was built in 2006 and last sold on Oct 27, 2021 for $760,000.
How much is this home worth?
The estimated value of the home located at 9 Raven Circle is $0.
What are some comparable homes to 9 Raven Circle?
There are currently no comparable homes to 9 Raven Circle.
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