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Abilene 79603 Westwood Richland
1537 Marsalis Drive
$178,000
● House - Off Market

1537 Marsalis Drive

Abilene, TX 79603
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,387 Ft²
$1,140
Est. Monthly
6.94%
Cap Rate

About This Property

3 Bed, 2 Bath, 2 Car Garage brick home. North Abilene established neighborhood, this home sits on a quiet street with large trees. Fresh interior paint throughout. Open kitchen-dining-living area. Great kitchen with ample cabinetry, Gas cook-top, wall oven, and counter bar. Master bathroom with en suite full bathroom. Spacious spare bedrooms. New wood-look vinyl tile in all bedrooms. Schedule your showing today.
Unit Size
1,387 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$128
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1960

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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 #20602250)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
Jun 13, 2024 In contract -
In contract
Apr 30, 2024 Listed by Traditions Real Estate Group $178,000
Listed by Traditions Real Estate Group

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 530
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,510
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 740
  • Total Building Area: 1,917
  • Gross Building Area: 1,917
  • Building Area: 1,387
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,387
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHLAND ACRES
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: RICHLAND ACRES, BLOCK G, LOT 21

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 010600

Geography

  • Parcel: 73582
  • Block: G
  • Lot: 21
  • Municipality: ABILENE
  • Latitude: 32.4689
  • Longitude: -99.7704

    Address

  • Full Address: 1537 Marsalis Dr
  • Address - House Number: 1537
  • Address - Street Name: Marsalis
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Abilene
  • Carrier Code: C039
  • 4-Digit Zip Code: 4243
  • Zip Code: 79603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $318,424
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 189,808
  • High Value: 234,954
  • Low Value: 144,662

    Market Valuation

  • Market Total Value: $138,139
  • Market Land Value: $5,106
  • Market Improvement Value: $133,033

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,139
  • Assessed Land Value: $5,106
  • Assessed Improvements Value: $133,033

    Sales

  • Current Sale Contract Date: Mar 03, 2017
  • Current Sale Recording Date: Mar 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2017-00003459
  • Previous Sale Recording Date: Mar 02, 2017
  • Previous Sale Contract Date: Feb 23, 2017
  • 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 Westwood Richland

Stats & Trends

Median Asking:

$199,450

Sale Price/ft²

$129

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1722 ft²

Average Home Age

66.4 years

Currently For Sale

15 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 657 Ruidosa Avenue, Abilene, TX, 79605

$1,300 /mo

  • 2 Beds
  • 2 Baths
  • 884 ft²
657 Ruidosa Avenue #215, Abilene, TX, 79605 Listing by Mitch Barnett
Unit for rent at 3355 S 4th Street, Abilene, TX, 79605

$1,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,352 ft²
3355 S 4th Street, Abilene, TX, 79605 Listing by Mitch Barnett

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Eric Robirds, Traditions Real Estate Group
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20602250
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1537 Marsalis Drive built and last sold?
The property at 1537 Marsalis Drive was built in 1960 and last sold on Mar 3, 2017 for $97,500.
How much is this home worth?
The estimated value of the home located at 1537 Marsalis Drive is $0.
What are some comparable homes to 1537 Marsalis Drive?
There are currently no comparable homes to 1537 Marsalis Drive.
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