NOT LISTED FOR SALE

225 Banks Dr Weatherford, TX 76087

Estimated Value: $381,000 - $737,100

2 Beds
2 Baths
1,376 Sq Ft
$406/Sq Ft Est. Value

Last Sold April 15, 2024

Current estimated payment $3,276/month

225 Days on Market

Highlights

  • Barn or Stable
  • Open Floorplan
  • 1 Stock Tank or Pond
  • 14.08 Acre Lot
  • Modern Farmhouse Architecture
  • Partially Wooded Lot

About This Home

As of April 2024

OPPORTUNITY! Here is your chance to own 14+ acres of beautiful unrestricted rolling pasture land near the city. Outside the city limits and inside the ETJ, the world is your oyster. This property also includes a charming 1,376 sf 2 bed 2 bath farmhouse recently updated with a modern flair. Property operates on a water well and septic system. Less than a mile from I-20. About half of the property is in the 100 year floodplain. This would make for a great horse place but could also be a tucked away RV park with some work and ingenuity. The best of both worlds, town and country. Includes barn. storage & hay sheds. Great as-is or expand it and build your dream home. This would also make for a great industrial commercial location with offices and plenty of yard. Presently ag exempt.

Last Agent to Sell the Property

John McMackin

CLARK REAL ESTATE GROUP Brokerage Phone: 817-458-0402 License #0687523 Listed on: 06/05/2023

Co-Listed By

Dan Goad

CLARK REAL ESTATE GROUP Brokerage Phone: 817-458-0402 License #0752405

Last Buyer's Agent

Dan Goad

CLARK REAL ESTATE GROUP Brokerage Phone: 817-458-0402 License #0752405

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,881

Year Built

  • Built in 1977

Lot Details

  • 14.08 Acre Lot
  • Barbed Wire
  • Chain Link Fence
  • Brush Vegetation
  • Interior Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Land Lease

Parking

  • Driveway

Home Design

  • Modern Farmhouse Architecture
  • Craftsman Architecture
  • Ranch Style House
  • Ranch Property
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1,376 Sq Ft Home
  • Open Floorplan
  • Wired For A Flat Screen TV
  • Woodwork
  • Fireplace With Gas Starter
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Schools

  • Ikard Elementary School
  • Tison Middle School
  • Weatherford High School

Farming

  • 1 Barn
  • 1 Stock Tank or Pond
  • Agricultural Exemption
  • 1 Residence
  • Pasture

Horse Facilities and Amenities

  • Hay Loft
  • Barn or Stable

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R000047408
  • $816 per year unexempt tax

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,881

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Farm/Ranch
  • Architectural Style: Craftsman, Modern Farmhouse
  • Structural Style: Farm/Ranch House
  • Unit Levels: One
  • Restrictions: None
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Agricultural Exemption YN: Yes
  • Crop Retire Program Y N: No
  • Attribution Contact: 817-458-0402
  • Special Features: None

Interior Features

  • Square Footage: 1376.00
  • Fireplace Features: Gas Starter
  • Interior Amenities: Eat-in Kitchen, Flat Screen Wiring, Kitchen Island, Natural Woodwork, Open Floorplan
  • Flooring: Wood
  • Appliances: Dishwasher, Electric Water Heater
  • Basement YN: No
  • Fireplaces: 1
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 2
  • Room Count: 2

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Easements: Access
  • Pool: No
  • Foundation: Slab
  • Fencing: Barbed Wire, Chain Link
  • Bottom Land Acres: 8.17
  • Roof: Metal
  • Soil Type: Sandy Loam
  • Surface Rights: All
  • Exterior Features: Stable/Barn, Storage
  • Number Of Tanks And Ponds: 1
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Driveway
  • GarageYN: No

Utilities

  • Heating: Central
  • Utilities: All Weather Road, Septic, Well
  • Number Of Wells: 1

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Weatherford ISD
  • Elementary School: Ikard

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 10 to < 50 Acres
  • Lot Features: Acreage, Cleared, Interior Lot, Pasture
  • Lot Size Units: Acres
  • Lot Size Area: 14.0760
  • Parcel Number: R000047408
  • Lot Size Acres: 14.0760
  • Lot Size Sq Ft: 613150.5600
  • Assessor Parcel Number 2: R000047409
  • Possible Use: Agricultural, Cattle, Commercial, Equine, Horses, Hunting/Fishing
  • Present Use: Cattle, Hunting/Fishing
  • LandLeaseYN: Yes

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1977
  • SeniorCommunityYN: No

Multi Family

  • Number Of Residences: 1

Tax Info

  • Unexempt Taxes: 816

MLS Schools

  • Middle School Name: Tison
  • Elementary School Name: Ikard
  • High School Name: Weatherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Apr 15, 2024
Sold by
Wyco Group Lp
Bought by
B & Bre Llc
Seller's Agent
John McMackin
CLARK REAL ESTATE GROUP
Buyer's Agent
Dan Goad
CLARK REAL ESTATE GROUP
List Price
$899,000
Views
136
Current Estimated Value
$559,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.89%
Original Mortgage
$600,000
Outstanding Balance
$579,337
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$20,287

Purchase Details

Closed on
Feb 4, 1975
Bought by
Laney Hubert C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
B & Bre Llc -- Fidelity National Title
Laney Hubert C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & Bre Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2024 04/15/24 Sold -- -- --
01/16/2024 01/16/24 Pending -- -- --
10/02/2023 10/02/23 Price Changed $799,000 -11.1% $581 / Sq Ft
06/05/2023 06/05/23 For Sale $899,000 +81.3% $653 / Sq Ft
07/16/2021 07/16/21 Sold -- -- -- View Prior Sale
06/17/2021 06/17/21 Pending -- -- --
03/31/2021 03/31/21 Price Changed $496,000 +1.2% $360 / Sq Ft
03/31/2021 03/31/21 Price Changed $490,000 -11.7% $356 / Sq Ft
01/18/2021 01/18/21 For Sale $555,000 -- $403 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,881 $221,670 $39,160 $182,510
2024 $3,881 $238,220 $39,160 $199,060
2023 $3,881 $238,220 $39,160 $199,060
2022 $816 $43,850 $34,730 $9,120
2021 $885 $43,850 $34,730 $9,120
2020 $1,542 $76,010 $26,400 $49,610
2019 $2,556 $118,110 $26,400 $91,710
2018 $2,440 $118,470 $21,670 $96,800
2017 $2,263 $118,470 $21,670 $96,800
2016 $2,058 $92,700 $16,430 $76,270
2015 $453 $92,700 $16,430 $76,270
2014 $358 $77,170 $13,800 $63,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20345813

North Texas Real Estate Information Systems (NTREIS)

APN: R000047408