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Cleburne 76031
229 Mechanic Street
$140,000
● Mobile Manufactured - Off Market

229 Mechanic Street

Cleburne, TX 76031
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,248 Ft²
$186,167
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Looking for a large lot in town??? Look no further, at nearly three quarters of an acre this property has many options. It contains 4 lots with last one containing a 3-2 doublewide. It is a little on the rough side, but would be a place to live while you build your dream home. This area of Cleburne has seen an influx of new construction and a renovated Carver Park. From this location, you are still less than 15 minutes from the Chisholm Trail Parkway and major shopping areas in Cleburne.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$143
Property Type
Mobile Manufactured
Property Taxes
$14
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: 3 years ago (NTREIS #20115493)

Price History

Date / Event Date Event Price
Sep 7, 2022 Sold
Premium
Sold
Jul 15, 2022 Listed by Webb Kirkpatrick Real Estate, Inc $179,000
Listed by Webb Kirkpatrick Real Estate, Inc

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 32,051
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL CLEBURNE
  • Land Acres: 0000000736
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 8,5,6,7 BLK 685 ORIGINAL CLEBURNE 126.6628.93990 PT EXEMPT

Neighborhood

  • School District Name: Cleburne Independent School District
  • School Tax School District: CLEBURNE ISD
  • Census Tract: 130900

Geography

  • Assessors Map Reference: 126.2800.38310
  • Account Number: R000039571
  • Parcel: 126-2800-38310
  • Block: 685
  • Lot: 8,5
  • Municipality: CITY OF CLEBURNE
  • Latitude: 32.3641
  • Longitude: -97.3778

    Address

  • Full Address: 229 Mechanic St
  • Address - House Number: 229
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: TX
  • City Name: Cleburne
  • Carrier Code: C004
  • 4-Digit Zip Code: 2725
  • Zip Code: 76031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $63,420
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 92,221
  • High Value: 109,402
  • Low Value: 75,040

    Market Valuation

  • Market Total Value: $28,500
  • Market Land Value: $28,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,500
  • Assessed Land Value: $28,500

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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 Cleburne

Stats & Trends

Median Asking:

$278,200

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

77

Average Home Size

1706 ft²

Average Home Age

-

Currently For Sale

156 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 200 Pearl Street, Cleburne, TX, 76031

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,400 ft²
200 Pearl Street, Cleburne, TX, 76031 Listing by Busola Daramola
Unit for rent at 1005 Grandbury Street, Cleburne, TX, 76033

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,362 ft²
1005 Grandbury Street #A, Cleburne, TX, 76033 Listing by Michael Mann

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jerry Jones, Webb Kirkpatrick Real Estate, Inc
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20115493
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 229 Mechanic Street built and last sold?
The property at 229 Mechanic Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 229 Mechanic Street is $0.
What are some comparable homes to 229 Mechanic Street?
There are currently no comparable homes to 229 Mechanic Street.
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