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Commerce 75428
1514 Park Street
$169,900
● House - Off Market

1514 Park Street

Commerce, TX 75428
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,078 Ft²
$177,523
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Location! Location! Blocks from the University and ready for move in and OWNER FINANCING available! Brick home with front porch and extended side driveway that leads to huge yard perfect for entertaining. Home has open living and dining area with tile flooring through out, open kitchen area with lots of cabinetry.  Foundation repaired 2022 with transferrable warranty, fresh interior paint and good size bedrooms and utility closet with full hookups. Central HVAC and lots of  closet spaces.  Beautiful place to call home or house Texas A&M students for excellent ROI. Lots to love in this area.  Ask about new city grants for $25,000 in assistance!
Unit Size
1,078 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$158
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
2004

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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 #20155238)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Sep 2, 2022 Listed by Coldwell Banker Realty $169,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,233
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 590
  • Total Building Area: 1,078
  • Gross Building Area: 1,078
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIG TOWN OF COMMERCE
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S4380 ORIG TOWN OF COMMERCE BLK 19 LOT 9B ACRES .189

Neighborhood

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

Geography

  • Assessors Map Reference: 178-H
  • Parcel: 54380
  • Block: 19
  • Lot: 9B
  • Municipality: CITY OF COMMERCE
  • Latitude: 33.2469
  • Longitude: -95.898

    Address

  • Full Address: 1514 Park St
  • Address - House Number: 1514
  • Address - Street Name: Park
  • Address - Suffix Type: St
  • State: TX
  • City Name: Commerce
  • Carrier Code: C003
  • 4-Digit Zip Code: 3069
  • Zip Code: 75428

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,509
  • Initial Tax Delinquent Year: 2008
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 149,984
  • High Value: 175,333
  • Low Value: 124,635

    Market Valuation

  • Market Total Value: $140,340
  • Market Land Value: $24,950
  • Market Improvement Value: $115,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,340
  • Assessed Land Value: $24,950
  • Assessed Improvements Value: $115,390

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Mar 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3916
  • Previous Sale Recording Date: Jun 25, 2015
  • Previous Sale Contract Date: Jun 23, 2015
  • Previous Sale Document Type: 68
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:

$219,900

Sale Price/ft²

$118

Below Asking

0.04%

Average Days on Market

84

Average Home Size

2077 ft²

Average Home Age

49.6 years

Currently For Sale

54 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 1228 Kennie Drive, TX, 75428

$1,695 /mo

  • 3 Beds
  • 3 Baths
  • 1,248 ft²
1228 Kennie Drive, TX, 75428 Listing by Jennifer Samples

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Laura Suarez, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20155238
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1514 Park Street built and last sold?
The property at 1514 Park Street was built in 2004 and last sold on Feb 28, 2023 for $204,820.
How much is this home worth?
The estimated value of the home located at 1514 Park Street is $0.
What are some comparable homes to 1514 Park Street?
There are currently no comparable homes to 1514 Park Street.
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