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Hondo 78861
1108 AVENUE P
$34,000
● Land - Off Market

1108 AVENUE P

Hondo, TX 78861
bedrooms
Studio
bathrooms
0 Bath
square feet
680 Ft²
$304
Est. Monthly

About This Property

In the quaint little town of Hondo, a few blocks west of Ave. M, sits two lots just shy of 1/2 an acre.  The backside of the property has a few mature trees which help to provide a lovely shaded area to enjoy the summer breeze.  This property was the home of a small family for many years.  Unfortunately their home caught fire almost two years ago, and the family never quite was able to restore the property.
Unit Size
680 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$67
Property Type
Land
Property Taxes
$79
HOA Dues
-
Year Built
1961

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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: 5 months ago (LERA #1737136)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold
Premium
Sold
Dec 4, 2023 Listed by LPT Realty, LLC $45,700
Listed by LPT Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,839
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 430
  • Total Building Area: 680
  • Gross Building Area: 680
  • Building Area: 680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: A0428 A. GSELL SURVEY 187; .157 ACRES LOT 2

Neighborhood

  • School District Name: Hondo Independent School District
  • School Tax School District: HSP MWD RFM SHO
  • Census Tract: 000302

Geography

  • Account Number: 0A0428-00187-00000-04578
  • Parcel: 4578
  • Lot: 2
  • Municipality: HONDO
  • Latitude: 29.354
  • Longitude: -99.1455

    Address

  • Full Address: 1108 Avenue P
  • Address - House Number: 1108
  • Address - Street Name: Avenue P
  • State: TX
  • City Name: Hondo
  • Carrier Code: C003
  • 4-Digit Zip Code: 1151
  • Zip Code: 78861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,435
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CHO FED3 F

    Appraisal Valuation

  • Standard Deviation: 0.2744
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 66,147
  • High Value: 84,300
  • Low Value: 47,994

    Market Valuation

  • Market Total Value: $12,420
  • Market Land Value: $12,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,420
  • Assessed Land Value: $12,420
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 Hondo

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$162

Below Asking

0.08%

Average Days on Market

91

Average Home Size

1671 ft²

Average Home Age

56.4 years

Currently For Sale

24 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 3100 Avenue Q, TX, 78861

$729 /mo

  • 1 Bed
  • 1 Bath
3100 Avenue Q, TX, 78861 Listing by Rick Rivera
Unit for rent at 231 Stage Coach Drive, TX, 78861

$776 /mo

  • 1 Bed
  • 1 Bath
231 Stage Coach Drive, TX, 78861 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Daye Wanat, LPT Realty, LLC
Last Updated: 5 months ago
Data Source: LERA, MLS# 1737136
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 1108 Avenue P built and last sold?
The property at 1108 Avenue P was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1108 Avenue P is $46,157.
What are some comparable homes to 1108 Avenue P?
There are currently no comparable homes to 1108 Avenue P.
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