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Merkel 79536
1516 Sunset Street
$172,500
● House - Off Market

1516 Sunset Street

Merkel, TX 79536
bedrooms
4 Beds
bathrooms
0 Bath
square feet
1,304 Ft²
$171,534
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Very well kept 4 bedroom, 2 bath home located directly behind the Merkel High School football field. Open living and kitchen area. Converted garage to make a fourth bedroom. Two spacious bathrooms. Backyard offers plenty of room for entertaining and includes a dog run, a chicken coop, above ground pool, fire pit, and out door pergola. This is one you don't want to miss out on!
Unit Size
1,304 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$132
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1975

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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 #20383886)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 17, 2023 Listed by Remax Of Abilene $172,500
Listed by Remax Of Abilene

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,912
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,304
  • Gross Building Area: 1,304
  • Building Area: 1,304
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,304
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTERN HTS SEC 1 OF MERKEL
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: WESTERN HTS SEC 1 OF MERKEL, BLOCK 3, LOT W32 LT 9 &E32 LT 10

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 013601

Geography

  • Parcel: 71794
  • Block: 3
  • Lot: 9
  • Municipality: MERKEL
  • Latitude: 32.4625
  • Longitude: -100.021

    Address

  • Full Address: 1516 Sunset St
  • Address - House Number: 1516
  • Address - Street Name: Sunset
  • Address - Suffix Type: St
  • State: TX
  • City Name: Merkel
  • Carrier Code: C002
  • 4-Digit Zip Code: 6012
  • Zip Code: 79536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $145,965
  • Tax Rate Code Area: SME

    Appraisal Valuation

  • Standard Deviation: 0.2309
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 185,741
  • High Value: 228,629
  • Low Value: 142,853

    Market Valuation

  • Market Total Value: $130,680
  • Market Land Value: $2,419
  • Market Improvement Value: $128,261

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,815

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 14763
  • Previous Sale Recording Date: Feb 09, 2018
  • Previous Sale Contract Date: Feb 08, 2018
  • Previous Sale Amount: $106,100
  • 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 Merkel

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$139

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1596 ft²

Average Home Age

23.6 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 4 Carson Circle, Merkel, TX, 79536

$1,875 /mo

  • 4 Beds
  • 1 Bath
  • 1,325 ft²
4 Carson Circle, Merkel, TX, 79536 Listing by Judy Crosson

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Amy Quintana, Remax Of Abilene
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20383886
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1516 Sunset Street built and last sold?
The property at 1516 Sunset Street was built in 1975 and last sold on Aug 31, 2023 for $171,068.
How much is this home worth?
The estimated value of the home located at 1516 Sunset Street is $176,014.
What are some comparable homes to 1516 Sunset Street?
There are currently no comparable homes to 1516 Sunset Street.
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