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Merkel 79536
1506 N 2nd
$84,000
● Mobile Manufactured - Off Market

1506 N 2nd

Merkel, TX 79536
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,768 Ft²
$389
Est. Monthly

About This Property

Great West Texas property in the city of Merkel seeking its new owner.  This open floor plan with four bedrooms, has the family area with kitchen area in the center and split bedrooms on opposite ends of the home.  Lots of space for those needing room and privacy.  This mobile home sits on a corner lot with lots of parking and fence backyard.  Call your Realtor today for a showing.
Unit Size
1,768 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$45
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1985

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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: 2 years ago (NTREIS #20871518)

Price History

Date / Event Date Event Price
Jun 11, 2025 Sold
Premium
Sold
Mar 13, 2025 Listed by Durmoye Realty $79,200
Listed by Durmoye Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 270
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,975
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,354
  • Gross Building Area: 1,354
  • Building Area: 1,084
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,084
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE OF MERKEL
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: COLLEGE OF MERKEL, BLOCK 17, LOT 55X145 OF S/2

Neighborhood

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

Geography

  • Parcel: 30920
  • Block: 17
  • Lot: 55
  • Municipality: MERKEL
  • Latitude: 32.4698
  • Longitude: -100.018

    Address

  • Full Address: 1506 S 2nd St
  • Address - House Number: 1506
  • Street Direction: S
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: TX
  • City Name: Abilene
  • Carrier Code: C016
  • 4-Digit Zip Code: 1140
  • Zip Code: 79602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $158,481
  • Tax Rate Code Area: SME

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 127,819
  • High Value: 158,581
  • Low Value: 97,057

    Market Valuation

  • Market Total Value: $80,492
  • Market Land Value: $1,595
  • Market Improvement Value: $78,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,492
  • Assessed Land Value: $1,595
  • Assessed Improvements Value: $78,897

    Sales

  • Current Sale Contract Date: Mar 20, 2014
  • Current Sale Recording Date: Mar 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2014-00004213
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

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NTREIS

Listed by: Larry Durham, Durmoye Realty
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20871518
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1506 South 2nd built and last sold?
The property at 1506 South 2nd was built in 1985 and last sold on Mar 20, 2014 for $38,100.
How much is this home worth?
The estimated value of the home located at 1506 South 2nd is $0.
What are some comparable homes to 1506 South 2nd?
There are currently no comparable homes to 1506 South 2nd.
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