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Coleman 76834
2016 Magnolia Street
$73,000
● House - Off Market

2016 Magnolia Street

Coleman, TX 76834
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,076 Ft²
$414
Est. Monthly
15.19%
Cap Rate

About This Property

Recently Renovated home on a large corner lot close to Coleman Schools. This home is perfect for a small family or couple looking for a great home at a very reasonable price. Some recent renovations include New paint outside and inside , flooring throughout ,  beautiful bathroom vanity, toilet, decorative lighting , and  fans. Some additional features include upgraded windows, metal roof , carport , and a very large utility room that could even be made into a third bedroom. This home will be cash or conventional loans only.  Call us for your personal tour . Its a must see.
Unit Size
1,076 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$70
Property Type
House
Property Taxes
$46
HOA Dues
-
Year Built
-

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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: 2 years ago (NTREIS #20601383)

Price History

Date / Event Date Event Price
Dec 27, 2024 Sold
Premium
Sold
Dec 12, 2024 In contract -
In contract
Oct 16, 2024 Relisted $75,000
Relisted
Oct 10, 2024 In contract -
In contract
Oct 3, 2024 Price Decreased $75,000
↓ $5K (6.1%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 187
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,813
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,076
  • Gross Building Area: 1,684
  • Building Area: 1,076
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,076
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TURNER HEIGHTS ADDITION
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: TURNER HEIGHTS ADDN TOWN COLEMAN, BLOCK 2, LOT E/2 4, 2016 MAGNOLIA

Neighborhood

  • School District Name: Coleman Independent School District
  • School Tax School District: CHD
  • Census Tract: 950300

Geography

  • Account Number: 2620-002-00060-000
  • Parcel: R18422
  • Block: 2
  • Municipality: COLEMAN
  • Latitude: 31.8138
  • Longitude: -99.429

    Address

  • Full Address: 2016 Magnolia St
  • Address - House Number: 2016
  • Address - Street Name: Magnolia
  • Address - Suffix Type: St
  • State: TX
  • City Name: Coleman
  • Carrier Code: R002
  • 4-Digit Zip Code: 7130
  • Zip Code: 76834

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $54,580
  • Tax Rate Code Area: RCO CCO GC

    Market Valuation

  • Market Total Value: $22,280
  • Market Land Value: $940
  • Market Improvement Value: $21,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,280
  • Assessed Land Value: $940
  • Assessed Improvements Value: $21,340

    Sales

  • Current Sale Contract Date: Mar 05, 2024
  • Current Sale Recording Date: Mar 11, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 326
  • Previous Sale Recording Date: Jan 11, 2011
  • Previous Sale Contract Date: Jan 10, 2011
  • Previous Sale Amount: $26,300
  • 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 Coleman

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$96

Below Asking

0.06%

Average Days on Market

113

Average Home Size

1304 ft²

Average Home Age

-

Currently For Sale

60 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

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NTREIS

Listed by: Stephanie Garner, Ranch Realty of Texas
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20601383
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2016 Magnolia Street built and last sold?
The property at 2016 Magnolia Street was built in and last sold on Mar 5, 2024 for $21,000.
How much is this home worth?
The estimated value of the home located at 2016 Magnolia Street is $108,931.
What are some comparable homes to 2016 Magnolia Street?
There are currently no comparable homes to 2016 Magnolia Street.
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