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Merkel 79536
1503 S 2nd #LOT1
Photo of Unit LOT1 at 1503 S 2nd
Sold on Sep 10, 2026

1

Map

$15,000
● Land - Off Market

1503 S 2nd #LOT1

Merkel, TX 79536
bedrooms
Studio
bathrooms
0 Bath
$123
Est. Monthly

About This Property

Corner lot that is close to elementary and middle school.  Property consists of two adjacent lots. This listing is for Lot 1 only. Adjacent Lot 2 is also available under separate MLS #21307595.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1935

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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: 26 days ago (NTREIS #21307580)

Price History

Date / Event Date Event Price
Sep 10, 2026 Sold
Premium
Sold
Jul 29, 2026 In contract -
In contract
Jul 22, 2026 Price Increased $25,000
↑ $5K (25%)
Price Increased
Jul 21, 2026 Price Decreased $20,000
↓ $5K (20%)
Price Decreased
Jun 25, 2026 Listed by KW SYNERGY* $25,000
Listed by KW SYNERGY*

Property Highlights

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 0
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • 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: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 990
  • Building Area: 990
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 990
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: COLLEGE OF MERKEL
  • Land Acres: 0000000344
  • Standard Land Use Code: 8001
  • County Land Use Code: C1R
  • State Land Use Code: C1R
  • Legal Description 1: COLLEGE OF MERKEL, BLOCK 18, LOT 1-2

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 011700

Geography

  • Parcel: 31552
  • Block: 18
  • Lot: 1-2
  • Municipality: MERKEL
  • Latitude: 32.4693
  • Longitude: -100.018

    Address

  • Full Address: 1503 S 2nd St
  • Address - House Number: 1503
  • Street Direction: S
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: TX
  • City Name: Abilene
  • Carrier Code: C016
  • 4-Digit Zip Code: 1139
  • Zip Code: 79602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,315
  • Tax Rate Code Area: CME GTA SM

    Market Valuation

  • Market Total Value: $2,700
  • Market Land Value: $2,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,700
  • Assessed Land Value: $2,700

    Sales

  • Current Sale Contract Date: Apr 21, 2015
  • Current Sale Recording Date: May 22, 2015
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015-00007517
  • Previous Sale Recording Date: Nov 03, 2009
  • Previous Sale Contract Date: Oct 31, 2009
  • 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 Merkel

Stats & Trends

Median Asking:

$213,900

Sale Price/ft²

$138

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1591 ft²

Average Home Age

24.7 years

Currently For Sale

30 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 134 High Cotton Parkway, Merkel, TX, 79536

$1,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,456 ft²
134 High Cotton Parkway, Merkel, TX, 79536 Listing by Judy Crosson
Unit for rent at 306 El Paso, Merkel, TX, 79536

$1,200 /mo

  • 3 Beds
  • 1 Bath
  • 920 ft²
306 El Paso, Merkel, TX, 79536 Listing by Jonathan Castereno

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Amber Kimmel, KW SYNERGY*
Last Updated: 26 days ago
Data Source: NTREIS MLS, MLS# 21307580
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1503 South 2nd built and last sold?
The property at 1503 South 2nd was built in 1935 and last sold on Apr 21, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 1503 South 2nd is $25,250.
What are some comparable homes to 1503 South 2nd?
There are currently no comparable homes to 1503 South 2nd.
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