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Bonham 75418
1116 Park Avenue
$100,000
● House - Off Market

1116 Park Avenue

Bonham, TX 75418
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,988 Ft²
$418
Est. Monthly

About This Property

Unlock the potential of this spacious 2-story home featuring 3 bedrooms, 3 bathrooms, and 2 living areas. While it requires significant renovation, this property offers a solid foundation for transformation. Ideal for investors or those looking to customize their dream home, the layout provides ample space for creative redesign. Situated in a desirable neighborhood, this property is a prime opportunity to add value through thoughtful updates. Bring your vision and make this house your own. Electric and water will not be turned on for inspections.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$43
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1934

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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: 2 years ago (NTREIS #20914269)

Price History

Date / Event Date Event Price
Jul 31, 2025 Sold
Premium
Sold
Jun 18, 2025 In contract -
In contract
May 29, 2025 Price Decreased $85,000
↓ $14K (14.1%)
Price Decreased
Apr 24, 2025 Listed by C-21 DEAN GILBERT, REALTORS $99,000
Listed by C-21 DEAN GILBERT, REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1934
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • 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: 9,766
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 740
  • Total Building Area: 1,988
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK AVENUE
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: INGLISH ADDN, BLOCK PT OF 35

Neighborhood

  • School District Name: Bonham Independent School District
  • Census Tract: 950402

Geography

  • Account Number: 9495-035-0040-05
  • Parcel: 92222
  • Municipality: BONHAM
  • Latitude: 33.584
  • Longitude: -96.175

    Address

  • Full Address: 1116 Park Ave
  • Address - House Number: 1116
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Bonham
  • Carrier Code: C001
  • 4-Digit Zip Code: 3128
  • Zip Code: 75418

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $359,167
  • Tax Rate Code Area: CBC GFA SB

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 167,668
  • High Value: 243,924
  • Low Value: 91,411

    Market Valuation

  • Market Total Value: $182,150
  • Market Land Value: $37,600
  • Market Improvement Value: $144,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,150
  • Assessed Land Value: $37,600
  • Assessed Improvements Value: $144,550

    Sales

  • Current Sale Contract Date: Jan 05, 2018
  • Current Sale Recording Date: Jan 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2018-0106
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 Bonham

Stats & Trends

Median Asking:

$202,500

Sale Price/ft²

$137

Below Asking

0.04%

Average Days on Market

94

Average Home Size

1444 ft²

Average Home Age

61.1 years

Currently For Sale

82 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

Rentals Near You

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NTREIS

Listed by: Marilyn Williams, C-21 DEAN GILBERT, REALTORS
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20914269
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1116 Park Avenue built and last sold?
The property at 1116 Park Avenue was built in 1934 and last sold on Jan 5, 2018 for $107,700.
How much is this home worth?
The estimated value of the home located at 1116 Park Avenue is $0.
What are some comparable homes to 1116 Park Avenue?
There are currently no comparable homes to 1116 Park Avenue.
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