$270,000
●
House -
Off Market
208 Merchant Street
Abilene, TX 79603
3 Beds
0 Bath
2,795 Ft²
$294,429
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Historic Landmark Eugene L. Finley Home...Exquisite Victorian,
Bungalow style home with Classical Revival touches sits on over
half an acre corner lot. This UNIQUE HOME boasts many original
featues, hardwood floors, 3 fireplaces, original coffered ceilings,
3 original wood light fixtures, stained glass windows, rich
wainscotting, and a gracious staircase with a cozy window seat that
leads to 2 spacious, light filled bedrooms. And don't forget the
amazing wrap around porch and a back deck for family and friend
gatherings. Utility room with full size electric washer and dryer
hookup and large eat-in kitchen. Main house has 2 new HVAC
systems, upstairs-downstirs.
A 1bed, 1bath guesthouse is currently renting for $800.00 a month, with a seperate electic meter and a new heat-ac window unit.
Endless Possibilities! Minutes from Abilene's Booming Downtown and walking distance to the soon to open Heritage Square this property will make the perfect family home or Airbnb.
Video attached
A 1bed, 1bath guesthouse is currently renting for $800.00 a month, with a seperate electic meter and a new heat-ac window unit.
Endless Possibilities! Minutes from Abilene's Booming Downtown and walking distance to the soon to open Heritage Square this property will make the perfect family home or Airbnb.
Video attached
Unit Size
2,795 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$100
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1903
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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 #20148487)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | Listed by Remax Big Country | $284,900 | |
| Listed by Remax Big Country | |||
| | |||
|
This historic landmark, the Eugene L. Finley Home, is an exquisite Victorian Bungalow with Classical Revival touches. Situated on a half-acre corner lot, the unique home features original hardwood floors, 3 fireplaces, coffered ceilings, stained glass windows, and a gorgeous wood staircase leading up to two spacious bedrooms. The property includes a wrap-around porch, back deck, utility room, and a large kitchen. With two newer (2019, 2021) HVAC systems and a separate 1-bed and bath guesthouse renting for $795 a month, this charming home is minutes from downtown Abilene.
| |||
| Nov 28, 2022 | Sold | ||
| Sold | |||
| Sep 13, 2022 | Listed by McCullar Properties Group LLC | $279,000 | |
| Listed by McCullar Properties Group LLC | |||
| Aug 16, 2022 | No longer available | - | |
| No longer available | |||
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Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Cobb Park Area
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Listed by: Kristi McCullar, McCullar Properties Group LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20148487
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20148487
Details provided by NTREIS and may not match the public record
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