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Somerset 78069 Somerset
18696 Somerset Rd
$180,000
● House - Off Market

18696 Somerset Rd

Von Ormy, TX 78073
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,292 Ft²
$206,732
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

NICE OLDER COUNTRY  HOME WITH LOTS OF  POTENTIAL ,HARDWOOD FLOORS THROUGHOUT, HOME NEED SOME TLC ,THERE ARE  SOME OLD BARNS, APPROX 2.5 ACRES COME WITH THE HOME ,WILL BE TAKE OUT OF A LARGER TRACT ,BUYER CAN PURCHASE MORE IF NEEDED  ,HOME IS ON WATER WELL AT THIS TIME BUT THE SELLER IS IN THE PROCESS OF GETTING CITY WATER .
Unit Size
1,292 Ft²
Days on Market
-
Land Size
2.50 acres
Price per sqft
$132
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1940

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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: 6 months ago (LERA #1393717)

Price History

Date / Event Date Event Price
Apr 1, 2021 Sold
Premium
Sold
Jun 26, 2019 Listed by Kerr Realty $170,000
Listed by Kerr Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • 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: 2,638,168
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,292
  • Gross Building Area: 1,292
  • Building Area: 1,292
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: CONV A/S CODE
  • Land Acres: 0000060564
  • Standard Land Use Code: 7000
  • County Land Use Code: D2
  • Legal Description 1: CB 4014-2 P-112 (54.824 AC) ABS 617 & CB 4230 P-10 (5.74 AC) ABS 154 2020- RMS PER SPLIT PER DEED 20190253053 EXE 12-12-2019.

Neighborhood

  • School District Name: Somerset Independent School District
  • School Tax School District: 72 76
  • Census Tract: 162001

Geography

  • Account Number: 163321
  • Subdivision Tract Number: 1122
  • Parcel: 04014-002-1122
  • Block: 2
  • Lot: 1122
  • Municipality: SOMERSET
  • Latitude: 29.238
  • Longitude: -98.6498

    Address

  • Full Address: 18696 Somerset Rd
  • Address - House Number: 18696
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Von Ormy
  • Carrier Code: R001
  • 4-Digit Zip Code: 4335
  • Zip Code: 78073

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $26,255
  • Tax Rate Code Area: 06 08 09 1

    Market Valuation

  • Market Total Value: $484,900
  • Market Land Value: $483,900
  • Market Improvement Value: $1,000

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $484,900
  • Assessed Land Value: $483,900
  • Assessed Improvements Value: $1,000
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 Somerset

Stats & Trends

Median Asking:

$211,249

Sale Price/ft²

$131

Below Asking

0.06%

Average Days on Market

111

Average Home Size

2075 ft²

Average Home Age

26.1 years

Currently For Sale

23 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

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LERA

Listed by: Charles Kerr, Kerr Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1393717
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 18696 Somerset Road built and last sold?
The property at 18696 Somerset Road was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18696 Somerset Road is $174,756.
What are some comparable homes to 18696 Somerset Road?
There are currently no comparable homes to 18696 Somerset Road.
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