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Meridian 76665
108 Redbud Street
$280,000
● House - Off Market

108 Redbud Street

Meridian, TX 76665
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,481 Ft²
$1,375
Est. Monthly

About This Property

This STUNNING home in MERIDIAN ISD is turn-key and ready to call it your own!!! This home includes 3 good-sized bedrooms, 2 full bathrooms and an awesome floor plan that makes this home feel spacious yet cozy! Throughout the home there is beautiful flooring, a gorgeous fireplace and tons of natural light in each space. The master bathroom features a large soaking tub, his and her vanities and much more. The backyard features a HUGE patio area and there is plenty of room to roam among the area inside the privacy fence. Come see what all this home has to offer and check out the extra lot in a GREAT established neighborhood in Meridian, TX!
Unit Size
1,481 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$189
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2010

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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 #20321827)

Price History

Date / Event Date Event Price
Apr 20, 2024 Sold
Premium
Sold
May 5, 2023 Listed by Texas Luxury and Land $279,900
Listed by Texas Luxury and Land

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 7
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,972
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,481
  • Gross Building Area: 1,481
  • Building Area: 1,481
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,481
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001124
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: KINGS MEADOW LOT 9 & 10

Neighborhood

  • School District Name: Meridian Independent School District
  • School Tax School District: MERIDIAN ISD
  • Census Tract: 950200

Geography

  • Parcel: R23558
  • Lot: 9,10
  • Municipality: MERIDIAN
  • Latitude: 31.9351
  • Longitude: -97.6622

    Address

  • Full Address: 108 Redbud St
  • Address - House Number: 108
  • Address - Street Name: Redbud
  • Address - Suffix Type: St
  • State: TX
  • City Name: Meridian
  • Carrier Code: R001
  • 4-Digit Zip Code: 4805
  • Zip Code: 76665

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $311,852
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: G01 CME SM

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 257,375
  • High Value: 304,530
  • Low Value: 210,221

    Market Valuation

  • Market Total Value: $247,590
  • Market Land Value: $16,043
  • Market Improvement Value: $231,547

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,590
  • Assessed Land Value: $16,043
  • Assessed Improvements Value: $231,547

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Meridian

Stats & Trends

Median Asking:

$202,450

Sale Price/ft²

$119

Below Asking

0.10%

Average Days on Market

112

Average Home Size

1548 ft²

Average Home Age

59.8 years

Currently For Sale

11 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

Currently no nearby rentals
NTREIS

Listed by: Danya Lane, Texas Luxury and Land
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20321827
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 108 Redbud Street built and last sold?
The property at 108 Redbud Street was built in 2010 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 108 Redbud Street is $311,010.
What are some comparable homes to 108 Redbud Street?
There are currently no comparable homes to 108 Redbud Street.
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