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Abilene 79601 Abilene Heights Area
2458 Madison Avenue
$160,000
● House - Off Market

2458 Madison Avenue

Abilene, TX 79601
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,744 Ft²
$176,362
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Tenant Occupied! This property features 3 bedrooms, 2 baths, and an attached 1 car garage as well as a carport. Large backyard with a privacy fence & patio sitting area, perfect for cookouts and sitting outside this summer. You do not want to miss this opportunity!
Unit Size
1,744 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$100
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1955

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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 #14758306)

Price History

Date / Event Date Event Price
May 6, 2022 Sold
Premium
Sold
Feb 23, 2022 Listed by eXp Realty LLC $175,000
Listed by eXp Realty LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 1
  • Garage Square Area: 276
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,150
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,020
  • Gross Building Area: 2,020
  • Building Area: 1,744
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,744
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLCREST ADDN SEC 1
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: HILLCREST ADDN SEC 1, BLOCK 5, LOT 2

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 010100

Geography

  • Parcel: 21074
  • Block: 5
  • Lot: 2
  • Municipality: ABILENE
  • Latitude: 32.4764
  • Longitude: -99.7163

    Address

  • Full Address: 2458 Madison Ave
  • Address - House Number: 2458
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Abilene
  • Carrier Code: C009
  • 4-Digit Zip Code: 2049
  • Zip Code: 79601

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $388,315
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 226,628
  • High Value: 281,171
  • Low Value: 172,086

    Market Valuation

  • Market Total Value: $168,459
  • Market Land Value: $7,778
  • Market Improvement Value: $160,681

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,459
  • Assessed Land Value: $7,778
  • Assessed Improvements Value: $160,681

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9501
  • Previous Sale Recording Date: May 27, 2008
  • Previous Sale Contract Date: May 23, 2008
  • Previous Sale Amount: $121,200
  • 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 Abilene Heights Area

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$159

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2356 ft²

Average Home Age

26.1 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

Unit for rent at 309 E North 12th Street, Abilene, TX, 79601

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 753 ft²
309 E North 12th Street, Abilene, TX, 79601 Listing by Michael Powell

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Shawna Martinez, eXp Realty LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14758306
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2458 Madison Avenue built and last sold?
The property at 2458 Madison Avenue was built in 1955 and last sold on May 4, 2022 for $170,240.
How much is this home worth?
The estimated value of the home located at 2458 Madison Avenue is $185,914.
What are some comparable homes to 2458 Madison Avenue?
There are currently no comparable homes to 2458 Madison Avenue.
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