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Bullard 75757
940 Redbud Lane
$285,000
● House - Off Market

940 Redbud Lane

Bullard, TX 75757
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,580 Ft²
$293,924
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Charming home in Bullard ISD.  2014 construction with stylish finishes, polished concrete floors in primary living areas and kitchen, an open concept and a large fenced backyard.
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$184
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
2014

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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 #14755326)

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold
Premium
Sold
Feb 9, 2022 Listed by TX Lake & Land Real Estate $289,950
Listed by TX Lake & Land Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,153
  • Total Building Area: 1,580
  • Building Area: 1,580
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,580
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOSELEY ADDN
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: RESIDENC
  • Legal Description 1: MOSELEY ADDNBLOCK 6 LOT 13

Neighborhood

  • School District Name: Bullard Independent School District
  • School Tax School District: CITY OF BULLARD
  • School Tax District Code 2: SCESD #2
  • Census Tract: 001915

Geography

  • Assessors Map Reference: MAP:04531
  • Account Number: R118991
  • Parcel: 1-54391-0006-06-013000
  • Block: 6
  • Lot: 13
  • Municipality: CITY OF BULLARD
  • Latitude: 32.1384
  • Longitude: -95.332

    Address

  • Full Address: 940 Redbud Ln
  • Address - House Number: 940
  • Address - Street Name: Redbud
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Bullard
  • Carrier Code: R009
  • 4-Digit Zip Code: 5094
  • Zip Code: 75757

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $624,746
  • Tax Rate Code Area: BULLARD IS

    Appraisal Valuation

  • Standard Deviation: 0.4911
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 1
  • Final Value: 236,183
  • High Value: 352,180
  • Low Value: 120,185

    Market Valuation

  • Market Total Value: $280,582
  • Market Land Value: $13,000
  • Market Improvement Value: $267,582

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $280,582
  • Assessed Land Value: $13,000
  • Assessed Improvements Value: $267,582

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15951
  • Previous Sale Recording Date: Jun 26, 2017
  • Previous Sale Contract Date: Jun 23, 2017
  • Previous Sale Amount: $156,300
  • 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 Bullard

Stats & Trends

Median Asking:

$489,975

Sale Price/ft²

$184

Below Asking

0.03%

Average Days on Market

106

Average Home Size

3103 ft²

Average Home Age

13.7 years

Currently For Sale

6 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 417 E Main St, TX, 75757

$838 /mo

  • 1 Bed
  • 1 Bath
417 E Main St, TX, 75757 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Matthew Wood, TX Lake & Land Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14755326
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 940 Redbud Lane built and last sold?
The property at 940 Redbud Lane was built in 2014 and last sold on Apr 22, 2022 for $274,400.
How much is this home worth?
The estimated value of the home located at 940 Redbud Lane is $294,842.
What are some comparable homes to 940 Redbud Lane?
There are currently no comparable homes to 940 Redbud Lane.
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