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Commerce 75428
1401 Monroe Street
$299,000
● House - Off Market

1401 Monroe Street

Commerce, TX 75428
bedrooms
4 Beds
bathrooms
0 Bath
square feet
3,767 Ft²
$394,020
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

This home is a combination of Century old craftsmanship and modern amenities. Relish the charm of its original hardwood floors, crown molding, pocket doors and grand staircase. Appreciate the attention to detail in the full renovation of this property. Luxurious granite and tile in kitchen and baths, new carpet, windows, plumbing and electrical. 3 fireplaces, one in the main floor master. Enjoy the sunrise on the wrap around balcony in one of Commerce's greatest locations walking distance from the University. Epoxy garage floors, circle drive and private back yard are a few details that make this home even more special. This 4 bedroom dream home is a rare find. Call today to schedule an appointment to see it!
Unit Size
3,767 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$80
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #14375414)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Nov 15, 2021 Listed by BRG & Associates $365,000
Listed by BRG & Associates
This home is old craftsmanship at its best with modern amenities. Has its original hardwood floors, crown mldg, pocket doors and grand staircase. There was a full renovation of this property. Luxurious granite and tile in kitchen and baths, new carpet, windows, plumbing and electrical done 1 yr ago. There are 3 decorative fireplaces, one in the main floor master. Enjoy sunrise and sunsets on the wrap around balconies in one of Commerce’s greatest locations within walking distance to the University. There are so many specials things with this beautiful Old home, epoxy garage floors, circle drive and private back yard with Kids Place house or Storage Bldg and lots of nooks and crannies. Come see it today!
Dec 30, 2020 Sold
Premium
Sold
Jun 27, 2020 Listed by Chateau Realty $299,900
Listed by Chateau Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,233
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,767
  • Gross Building Area: 3,767
  • Building Area: 3,767
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 3,767
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG TOWN OF COMMERCE
  • Land Acres: 0000000373
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S4380 ORIG TOWN OF COMMERCE BLK 26 LOT 2 ACRES .3727

Neighborhood

  • School District Name: Commerce Independent School District
  • Census Tract: 960600

Geography

  • Assessors Map Reference: 178-G
  • Parcel: 54456
  • Block: 26
  • Lot: 2
  • Municipality: CITY OF COMMERCE
  • Latitude: 33.249
  • Longitude: -95.9031

    Address

  • Full Address: 1401 Monroe St
  • Address - House Number: 1401
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: TX
  • City Name: Commerce
  • Carrier Code: C001
  • 4-Digit Zip Code: 2565
  • Zip Code: 75428

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,046,571
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 356,715
  • High Value: 435,391
  • Low Value: 278,039

    Market Valuation

  • Market Total Value: $404,050
  • Market Land Value: $39,450
  • Market Improvement Value: $364,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,050
  • Assessed Land Value: $39,450
  • Assessed Improvements Value: $364,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2022-00826
  • Previous Sale Recording Date: Jan 04, 2021
  • Previous Sale Contract Date: Dec 30, 2020
  • Previous Sale Amount: $297,500
  • Previous Sale Document Type: 70
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 Commerce

Stats & Trends

Median Asking:

$229,000

Sale Price/ft²

$119

Below Asking

0.04%

Average Days on Market

86

Average Home Size

2080 ft²

Average Home Age

49.3 years

Currently For Sale

52 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

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NTREIS

Listed by: Sarah Pierce, Chateau Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14375414
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1401 Monroe Street built and last sold?
The property at 1401 Monroe Street was built in 1920 and last sold on Jan 10, 2022 for $338,700.
How much is this home worth?
The estimated value of the home located at 1401 Monroe Street is $0.
What are some comparable homes to 1401 Monroe Street?
There are currently no comparable homes to 1401 Monroe Street.
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