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Abilene 79603 Cobb Park Area
1550 Park Avenue
$145,000
● House - Off Market

1550 Park Avenue

Abilene, TX 79603
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,298 Ft²
$149,060
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Charming This 2-bedroom, 1 full bath single story floor plan with lots of natural light and original hardwood floors.  With protentional of a 3rd bedroom. Some of the recent improvements & features of this pier and beam home include Modern Fixtures, New Floor, New Paint, New Tile, Wood fence 2020, HVAC 2022, New Plumbing and much more. Bedrooms are generous in size with ample closet space. The kitchen seamlessly flows into the inviting family room and formal dining space. The layout is ideal with fantastic flow. The back TV room used to be the primary bedroom and the plumbing is still in place for it to be converted back! There is also a large storage rooms that has been added on to the back of the home. Relax in the Huge backyard, ideal for entertaining! Come see it yourself!
Unit Size
1,298 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$115
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1950

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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: 3 years ago (NTREIS #20346049)

Price History

Date / Event Date Event Price
Aug 3, 2023 Sold
Premium
Sold
Jun 13, 2023 Listed by KW SYNERGY* $149,900
Listed by KW SYNERGY*

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • 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: 3
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,980
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,298
  • Gross Building Area: 1,298
  • Building Area: 1,298
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,298
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTHEL HENSON OUTLOT 33
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ARTHEL HENSON OUTLOT 33, BLOCK N, LOT 12

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 010700

Geography

  • Parcel: 32640
  • Block: N
  • Lot: 12
  • Municipality: ABILENE
  • Latitude: 32.4682
  • Longitude: -99.7509

    Address

  • Full Address: 1550 Park Ave
  • Address - House Number: 1550
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Abilene
  • Carrier Code: C037
  • 4-Digit Zip Code: 3410
  • Zip Code: 79603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $97,911
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: CAB

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 140,610
  • High Value: 174,431
  • Low Value: 106,789

    Market Valuation

  • Market Total Value: $102,774
  • Market Land Value: $2,793
  • Market Improvement Value: $99,981

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,942

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12857
  • Previous Sale Recording Date: Dec 10, 2015
  • Previous Sale Contract Date: Dec 09, 2015
  • 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 Cobb Park Area

Stats & Trends

Median Asking:

$159,950

Sale Price/ft²

$126

Below Asking

0.03%

Average Days on Market

53

Average Home Size

1140 ft²

Average Home Age

87.4 years

Currently For Sale

12 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 2218 State Street, Abilene, TX, 79603

$950 /mo

  • 2 Beds
  • 1 Bath
  • 1,120 ft²
2218 State Street, Abilene, TX, 79603 Listing by Mandy Brooks

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Priscilla Jaques, KW SYNERGY*
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20346049
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1550 Park Avenue built and last sold?
The property at 1550 Park Avenue was built in 1950 and last sold on Aug 3, 2023 for $154,280.
How much is this home worth?
The estimated value of the home located at 1550 Park Avenue is $0.
What are some comparable homes to 1550 Park Avenue?
There are currently no comparable homes to 1550 Park Avenue.
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