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Abilene 79603 Sears Park Area
2237 Oakland Drive
$57,000
● House - Off Market

2237 Oakland Drive

Abilene, TX 79603
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,110 Ft²
$415
Est. Monthly
27.54%
Cap Rate

About This Property

Make yourself at home in this updated traditional bungalow!   Features include three bedrooms, one bath, generous living area and bright and cheerful kitchen!  Fresh paint, new flooring, lots of updating already completed! Make an appointment for your private showing.This Property is eligible under the Freddie Mac First Look Initiative through 06-28-2024.
Unit Size
1,110 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$54
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1961

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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 #20498147)

Price History

Date / Event Date Event Price
Jul 17, 2024 Sold
Premium
Sold
Jun 18, 2024 In contract -
In contract
May 29, 2024 Listed by Coldwell Banker Apex, REALTORS $59,900
Listed by Coldwell Banker Apex, REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 23
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,216
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,110
  • Gross Building Area: 1,110
  • Building Area: 1,110
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,110
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIVE OAKS ADDN
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LIVE OAKS ADDN, BLOCK 2, LOT 14

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 010300

Geography

  • Parcel: 35709
  • Block: 2
  • Lot: 14
  • Municipality: ABILENE
  • Latitude: 32.483
  • Longitude: -99.7487

    Address

  • Full Address: 2237 Oakland Dr
  • Address - House Number: 2237
  • Address - Street Name: Oakland
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Abilene
  • Carrier Code: C028
  • 4-Digit Zip Code: 1829
  • Zip Code: 79603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $144,064
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 129,952
  • High Value: 158,636
  • Low Value: 101,268

    Market Valuation

  • Market Total Value: $87,852
  • Market Land Value: $1,554
  • Market Improvement Value: $86,298

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,498

    Sales

  • Current Sale Contract Date: Oct 03, 2023
  • Current Sale Recording Date: Oct 04, 2023
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 16599
  • Previous Sale Recording Date: Jun 21, 2023
  • Previous Sale Contract Date: Jun 20, 2023
  • Previous Sale Amount: $43,425
  • Previous Sale Document Type: 69
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 Sears Park Area

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$138

Below Asking

0.02%

Average Days on Market

47

Average Home Size

1381 ft²

Average Home Age

62.3 years

Currently For Sale

7 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

Rentals Near You

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NTREIS

Listed by: Tony Panian Jr., Coldwell Banker Apex, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20498147
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2237 Oakland Drive built and last sold?
The property at 2237 Oakland Drive was built in 1961 and last sold on Oct 3, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 2237 Oakland Drive is $0.
What are some comparable homes to 2237 Oakland Drive?
There are currently no comparable homes to 2237 Oakland Drive.
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