900 S Tool Dr
Tool, TX 75143
Tool- Studio
- 5,520 sqft (on 0.94 acres)
Studio
5,520 sqft
(on 0.94 acres)
Local Information
© Google
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Description
This offering is available for $278,888 up until February 28. Without a signed contract before deadline, the Seller plans to rehab the subject property. So, get this property while it can be yours! Moreover, this apartment building has a $950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Projected NOI after year 1 following stabilization is projected to be $82,540 (per appraisal). Rehab and purchase the property for $678,888 in order to obtain a property with over a 12% cap rate on account of the $82,540 NOI. The property is located only 45 minutes from Dallas city limits and is close to multiple municipalities offering ample job opportunities for tenants (especially in the retail and manufacturing sectors). Contact agent for access to link for obtaining a virtual tour of the property.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from June 20, 2025
Home Highlights
Parking
20 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
$5/Monthly
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 900 S Tool Dr
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Appliances & Utilities Utilities: Electricity Connected, Municipal Utilities, Sewer Available, Water AvailableAppliances: Electric Cooktop, Electric Water Heater |
Heating & Cooling Heating: Electric,OtherHas CoolingAir Conditioning: Electric,OtherHas HeatingHeating Fuel: Electric |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 1Levels: OneFloors: Vinyl |
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Exterior Home Features Roof: ShingleFoundation: Slab |
Parking & Garage No Attached GarageParking Spaces: 20Parking: Gravel |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 63 |
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Year Built Year Built: 1955 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, Apartment |
Building Construction Materials: Board & Batten Siding, Brick, Frame |
Property Information Parcel Number: 37450000708063 |
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Price List Price: $278,888 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: ToolCommunity: Paradise Bay |
School Information Elementary School: MalakoffElementary School District: Malakoff ISDJr High / Middle School: MalakoffJr High / Middle School District: Malakoff ISDHigh School: MalakoffHigh School District: Malakoff ISD |
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Building Area Building Area: 5520 Square Feet |
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HOA Fee Includes: Association ManagementHOA Name: Paradise Bay Property AssociationHOA Phone: 903-603-2639Has an HOAHOA Fee: $60/Annually |
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Lot Area: 0.94 acres |
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Mls Number: 20478028Living Area Range Units: Square FeetAttribution Contact: 888-519-7431Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-48213-N-37450000708063-R-N |
Last check for updates: about 3 hours ago
Listed by Enrique Moreno, (888) 519-7431
eXp Realty LLC, (888) 519-7431
Bought with: Enrique Moreno, eXp Realty LLC, (888) 519-7431
Source: NTREIS, MLS#20478028
Price History for 900 S Tool Dr
| Date | Price | Event | Source |
|---|---|---|---|
| 03/01/2024 | -- | Sold | NTREIS #20478028 |
| 02/07/2024 | $278,888 | Pending | NTREIS #20478028 |
| 01/16/2024 | $278,888 | PendingToActive | HAR #83342011 |
| 12/27/2023 | $278,888 | Pending | NTREIS #20478028 |
| 12/20/2023 | $278,888 | PriceChange | HAR #83342011 |
| 11/16/2023 | $275,000 | Listed For Sale | NTREIS #20478028 |
| 10/09/2023 | ListingRemoved | NTREIS #20421106 | |
| 09/23/2023 | $305,000 | PriceChange | HAR #75017359 |
| 09/04/2023 | $300,000 | PriceChange | NTREIS #20421106 |
| 08/31/2023 | $325,000 | Listed For Sale | NTREIS #20421106 |
| 11/30/2021 | -- | Sold | NTREIS #14651939 |
| 11/23/2021 | $520,000 | Pending | NTREIS #14651939 |
| 10/21/2021 | $520,000 | PriceChange | NTREIS #14651939 |
| 09/16/2021 | $535,000 | PriceChange | NTREIS #14651939 |
| 08/31/2021 | $555,000 | PriceChange | NTREIS #14651939 |
| 08/28/2021 | $575,000 | PendingToActive | NTREIS #14651939 |
| 08/23/2021 | $575,000 | Pending | NTREIS #14651939 |
| 08/18/2021 | $575,000 | Listed For Sale | NTREIS #14651939 |
| 06/28/2020 | $425,000 | ListingRemoved | Agent Provided |
| 05/19/2020 | $425,000 | PriceChange | Agent Provided |
| 05/03/2020 | $430,000 | PriceChange | Agent Provided |
| 04/21/2020 | $440,000 | PriceChange | Agent Provided |
| 02/07/2020 | $450,000 | Listed For Sale | Agent Provided |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 900 S Tool Dr.
What Locals Say about Tool
At least 13 Trulia users voted on each feature.
94 % Say parking is easy
89 % Say yards are well-kept
85 % Say car is needed
71 % Say they plan to stay for at least 5 years
69 % Say there's holiday spirit
69 % Say it's dog friendly
69 % Say there's wildlife
60 % Say it's quiet
57 % Say neighbors are friendly
56 % Say people would walk alone at night
50 % Say kids play outside
30 % Say there are community events
10 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
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