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Abilene 79602 Original Town South
1317 Palm Street
$65,000
● House - Off Market

1317 Palm Street

Abilene, TX 79602
bedrooms
2 Beds
bathrooms
0 Bath
square feet
967 Ft²
$69,464
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Affordable South Abilene 2 Bed, 1 Bath near South 14th and Sayles with sidewalks. Freshly painted inside and out. 2 Large split bedrooms. Great Kitchen & dining space. Fresh and clean full bathroom. Large backyard.
Unit Size
967 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$72
Property Type
House
Property Taxes
$60
HOA Dues
-
Year Built
1932

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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 #20382924)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Jul 16, 2023 Listed by Traditions Real Estate Group $69,900
Listed by Traditions Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • 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: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,840
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 560
  • Total Building Area: 967
  • Gross Building Area: 967
  • Building Area: 967
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 967
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: K B LEGGETT
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: K B LEGGETT, BLOCK 12, LOT 18

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 011900

Geography

  • Parcel: 40482
  • Block: 12
  • Lot: 18
  • Municipality: ABILENE
  • Latitude: 32.4334
  • Longitude: -99.7407

    Address

  • Full Address: 1317 Palm St
  • Address - House Number: 1317
  • Address - Street Name: Palm
  • Address - Suffix Type: St
  • State: TX
  • City Name: Abilene
  • Carrier Code: C020
  • 4-Digit Zip Code: 3631
  • Zip Code: 79602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,136
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.2191
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 73,050
  • High Value: 89,056
  • Low Value: 57,043

    Market Valuation

  • Market Total Value: $33,897
  • Market Land Value: $2,509
  • Market Improvement Value: $31,388

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,897
  • Assessed Land Value: $2,509
  • Assessed Improvements Value: $31,388

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16428
  • Previous Sale Recording Date: Sep 28, 2020
  • Previous Sale Contract Date: Sep 28, 2020
  • Previous Sale Document Type: 71
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 Original Town South

Stats & Trends

Median Asking:

$169,000

Sale Price/ft²

$132

Above Asking

0.00%

Average Days on Market

55

Average Home Size

1369 ft²

Average Home Age

75.3 years

Currently For Sale

6 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 2400 Buffalo Gap Road, Abilene, TX, 79605

$1,100 /mo

  • 2 Beds
  • 1 Bath
  • 906 ft²
2400 Buffalo Gap Road #118, Abilene, TX, 79605 Listing by Judy Crosson
Unit for rent at 600 Westwood Drive, Abilene, TX, 79603

$1,150 /mo

  • 1 Bed
  • 1 Bath
  • 680 ft²
600 Westwood Drive #B4, Abilene, TX, 79603 Listing by Jamie Dalzell

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Eric Robirds, Traditions Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20382924
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1317 Palm Street built and last sold?
The property at 1317 Palm Street was built in 1932 and last sold on Sep 29, 2023 for $82,127.
How much is this home worth?
The estimated value of the home located at 1317 Palm Street is $70,599.
What are some comparable homes to 1317 Palm Street?
There are currently no comparable homes to 1317 Palm Street.
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