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Merkel 79536
1206 N 2nd
$172,900
● House - Off Market

1206 N 2nd

Merkel, TX 79536
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,485 Ft²
$171,988
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

The Best Little Farm House in Merkel! I love this home and you will too. Where to start? Updated with all the right finishes. The open floor plan with an emphasis on functionality above everything else.  This home is stunning and all the new finishes it's just lovely. All the bedrooms are spacious and the primary bedroom has two closets, an en-suite bath with a gorgeous walk in shower that I love.  This stunning remolded 3 bed 2 bath with separate dinning room. The home is close to all the down town attractions in Merkel TX. Walking distance to the library, shopping, food, and parks. List of updates in the last 6 months- roof, plumbing, electrical, HVAC, siding, hot water heater, floors, fixtures, and so much more. Don't miss this one, it's a real GEM!
Unit Size
1,485 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$112
Property Type
House
Property Taxes
$36
HOA Dues
-
Year Built
1938

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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 #20231696)

Price History

Date / Event Date Event Price
Mar 1, 2023 Sold
Premium
Sold
Jan 5, 2023 Listed by Coldwell Banker Apex, REALTORS $166,900
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,386
  • Lot Size Depth Feet: 980
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,485
  • Gross Building Area: 1,485
  • Building Area: 1,485
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,485
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL TOWN MERKEL
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ORIGINAL TOWN MERKEL, BLOCK 11, LOT W PT 4,5,6

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 013601

Geography

  • Parcel: 54785
  • Block: 11
  • Lot: W
  • Municipality: MERKEL
  • Latitude: 32.4722
  • Longitude: -100.014

    Address

  • Full Address: 1206 N 2nd
  • Address - House Number: 1206
  • Street Direction: N
  • Address - Street Name: 2nd
  • State: TX
  • City Name: Merkel
  • Carrier Code: C001
  • 4-Digit Zip Code: 3425
  • Zip Code: 79536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $218,295
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SME

    Appraisal Valuation

  • Standard Deviation: 0.2309
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 197,681
  • High Value: 243,326
  • Low Value: 152,036

    Market Valuation

  • Market Total Value: $149,042
  • Market Land Value: $877
  • Market Improvement Value: $148,165

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $149,042
  • Assessed Land Value: $877
  • Assessed Improvements Value: $148,165

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3106
  • Previous Sale Recording Date: Jun 29, 2022
  • Previous Sale Contract Date: Jun 29, 2022
  • Previous Sale Amount: $58,520
  • Previous Sale Document Type: 27
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 Merkel

Stats & Trends

Median Asking:

$209,900

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1647 ft²

Average Home Age

20.1 years

Currently For Sale

27 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 8 Ron Circle, Merkel, TX, 79536

$1,395 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
8 Ron Circle, Merkel, TX, 79536 Listing by Judy Crosson

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Sylvia Mcmillan, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20231696
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1206 North 2nd built and last sold?
The property at 1206 North 2nd was built in 1938 and last sold on Mar 1, 2023 for $229,957.
How much is this home worth?
The estimated value of the home located at 1206 North 2nd is $0.
What are some comparable homes to 1206 North 2nd?
There are currently no comparable homes to 1206 North 2nd.
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