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Johnson 76031
1900 S Highway 171
$320,000
● House - Off Market

1900 S Highway 171

Cleburne, TX 76031
bedrooms
2 Beds
bathrooms
0 Bath
square feet
952 Ft²
$1,898
Est. Monthly
5.02%
Cap Rate

About This Property

Versatile Property Boasting High Potential in Cleburne, TX! 365 feet of frontage on State Highway 171, this 5-acre property presents limitless opportunities. The site, nestled near the city, is suited for a myriad of uses. Small frame home, although requiring refurbishment, projects ample potential with its 2 bedrooms, 1 bath, and bonus office. Previously known as The Sportsman's Taxidermy on this site, this property features a spacious external large shop - an ideal space for your business or storage requirements, fitted with a separate electric meter. Cross-fencing adds an appeal to the outdoor area, complemented by a high fence at the property's rear, offering terrain for animals. Don't miss this unique find!
Unit Size
952 Ft²
Days on Market
-
Land Size
5.45 acres
Price per sqft
$368
Property Type
House
Property Taxes
$180
HOA Dues
-
Year Built
1946

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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 #20657260)

Price History

Date / Event Date Event Price
Aug 7, 2024 Sold
Premium
Sold
Jun 29, 2024 In contract -
In contract
Jun 26, 2024 Listed by Coldwell Banker Apex, REALTORS $349,900
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 214,751
  • Total Building Area: 952
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: T H MAGNESS
  • Land Acres: 0000004930
  • Standard Land Use Code: 7001
  • County Land Use Code: E1
  • State Land Use Code: E1
  • Legal Description 1: ABST 601 TR 21 T H MAGNESS

Neighborhood

  • School District Name: Cleburne Independent School District
  • School Tax School District: CLEBURNE ISD
  • Census Tract: 130603

Geography

  • Assessors Map Reference: 126.0601.00120
  • Account Number: R000015036
  • Subdivision Tract Number: 21
  • Parcel: 126-0601-00120
  • Municipality: CLEBURNE
  • Latitude: 32.3232
  • Longitude: -97.3779

    Address

  • Full Address: 1900 S Highway 171
  • Address - House Number: 1900
  • Street Direction: S
  • Address - Street Name: Highway 171
  • State: TX
  • City Name: Cleburne
  • Carrier Code: R007
  • 4-Digit Zip Code: 7624
  • Zip Code: 76031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $215,765
  • Tax Rate Code Area: 9

    Market Valuation

  • Market Total Value: $250,300
  • Market Land Value: $197,200
  • Market Improvement Value: $53,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,300
  • Assessed Land Value: $197,200
  • Assessed Improvements Value: $53,100
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 Johnson

Stats & Trends

Median Asking:

$334,500

Sale Price/ft²

$177

Above Asking

0.02%

Average Days on Market

75

Average Home Size

2267 ft²

Average Home Age

-

Currently For Sale

1071 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 1108 Chester Street, Cleburne, TX, 76033

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,292 ft²
1108 Chester Street, Cleburne, TX, 76033 Listing by Jennie Macarthur

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Gavin Hughes, Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20657260
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1900 State Highway 171 built and last sold?
The property at 1900 State Highway 171 was built in 1946 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1900 State Highway 171 is $344,450.
What are some comparable homes to 1900 State Highway 171?
There are currently no comparable homes to 1900 State Highway 171.
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