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Commerce 75428
2516 Monroe Street
$195,000
● House - Off Market

2516 Monroe Street

Commerce, TX 75428
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,309 Ft²
$1,410
Est. Monthly
7.63%
Cap Rate

About This Property

This charming home offers a prime location near shopping, dining, and within walking distance to Texas A&M University-Commerce. Built in 2004, this well-maintained property features recent updates, including fresh paint and new flooring. The open-concept living area boasts vaulted ceilings, creating a spacious, inviting atmosphere for gatherings. The large backyard provides ample space for outdoor entertaining. A standout feature of this home is the sizable metal shop with a slab foundation, offering excellent storage or workspace potential. With 1,390 square feet of living space and no MUD or PID, this home is a fantastic opportunity for comfortable living in a convenient location.
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$153
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20854882)

Price History

Date / Event Date Event Price
Apr 25, 2025 Sold
Premium
Sold
Apr 16, 2025 In contract -
In contract
Apr 3, 2025 Price Decreased $199,999
↓ $9K (4.3%)
Price Decreased
Feb 26, 2025 Listed by MISSION MINDED REALTY $209,000
Listed by MISSION MINDED REALTY
Jan 19, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 180
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,870
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,207
  • Gross Building Area: 1,207
  • Building Area: 1,207
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 12
  • Heating: 6
  • Heated Square Feet: 1,207
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COWAN S C ADDITION
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S2605 COWAN S C ADDITION BLK 1 LOT 9 ACRES .2266

Neighborhood

  • School District Name: Commerce Independent School District
  • Census Tract: 960600

Geography

  • Assessors Map Reference: 178-L
  • Parcel: 42731
  • Block: 1
  • Lot: 9
  • Municipality: CITY OF COMMERCE
  • Latitude: 33.2378
  • Longitude: -95.9025

    Address

  • Full Address: 2516 Monroe St
  • Address - House Number: 2516
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: TX
  • City Name: Commerce
  • Carrier Code: C003
  • 4-Digit Zip Code: 3438
  • Zip Code: 75428

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $488,279
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.247
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 221,106
  • High Value: 275,721
  • Low Value: 166,491

    Market Valuation

  • Market Total Value: $188,510
  • Market Land Value: $28,230
  • Market Improvement Value: $160,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,510
  • Assessed Land Value: $28,230
  • Assessed Improvements Value: $160,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2022
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1391
  • Previous Sale Recording Date: Jan 24, 2019
  • Previous Sale Contract Date: Jan 23, 2019
  • Previous Sale Amount: $127,400
  • 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 Commerce

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$115

Below Asking

0.04%

Average Days on Market

82

Average Home Size

2016 ft²

Average Home Age

44.7 years

Currently For Sale

58 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 1228 Kennie Drive, TX, 75428

$1,695 /mo

  • 3 Beds
  • 3 Baths
  • 1,248 ft²
1228 Kennie Drive, TX, 75428 Listing by Jennifer Samples
Unit for rent at 1400 Ash Street, Commerce, TX, 75428

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,954 ft²
1400 Ash Street, Commerce, TX, 75428 Listing by Savannah Bratton-Goss

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Christina Lafferty, MISSION MINDED REALTY
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20854882
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2516 Monroe Street built and last sold?
The property at 2516 Monroe Street was built in 2004 and last sold on Jan 19, 2022 for $202,160.
How much is this home worth?
The estimated value of the home located at 2516 Monroe Street is $0.
What are some comparable homes to 2516 Monroe Street?
There are currently no comparable homes to 2516 Monroe Street.
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