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Texarkana 75501
124 Melton Street
$118,000
● House - Off Market

124 Melton Street

Texarkana, TX 75501
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,183 Ft²
$119,573
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Nicely renovated 4 bedroom 2 bath house! Almost everything has been updated...vinyl waterproof floor, windows, kitchen cabinets, updated ceramic bathrooms, electric wiring, HVAC unit, water heater, new insulation, doors, and roof! Year built is per seller.
Unit Size
1,183 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$101
Property Type
House
Property Taxes
$12
HOA Dues
-
Year Built
-

Payment Calculator

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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 #20301895)

Price History

Date / Event Date Event Price
Jul 5, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by Eaton Realty $119,900
Listed by Eaton Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,183
  • Building Area: 1,183
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,183
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VICTORY HEIGHTS
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: VICTORY HEIGHTS LOT 10 2022-624 01/18/22 BLK/TRACT 2 0.15 ACRES

Neighborhood

  • School District Name: Texarkana Independent School District
  • Census Tract: 010600

Geography

  • Account Number: 27080001600
  • Parcel: 52070
  • Lot: 10
  • Municipality: TEXARKANA
  • Latitude: 33.4369
  • Longitude: -94.0637

    Address

  • Full Address: 124 Melton St
  • Address - House Number: 124
  • Address - Street Name: Melton
  • Address - Suffix Type: St
  • State: TX
  • City Name: Texarkana
  • Carrier Code: C055
  • 4-Digit Zip Code: 3518
  • Zip Code: 75501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $53,094
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: P1 1B 2T 3

    Appraisal Valuation

  • Standard Deviation: 0.2766
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 77,067
  • High Value: 98,389
  • Low Value: 55,744

    Market Valuation

  • Market Total Value: $22,423
  • Market Land Value: $5,000
  • Market Improvement Value: $17,423

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,423
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $17,423

    Sales

  • Current Sale Contract Date: Jan 13, 2022
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 624
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 Texarkana

Stats & Trends

Median Asking:

$127,450

Sale Price/ft²

$85

Below Asking

0.11%

Average Days on Market

118

Average Home Size

1649 ft²

Average Home Age

55.6 years

Currently For Sale

23 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 901 W 7th Street, Texarkana, TX, 75501

$600 /mo

  • 1 Bed
  • 1 Bath
  • 330 ft²
901 W 7th Street, Texarkana, TX, 75501 Listing by Brent Conrad

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Stephen Eaton, Eaton Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20301895
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 124 Melton Street built and last sold?
The property at 124 Melton Street was built in and last sold on Jan 13, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 124 Melton Street is $0.
What are some comparable homes to 124 Melton Street?
There are currently no comparable homes to 124 Melton Street.
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