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Paris 75462
2865 40th Street SE
$205,000
● House - Off Market

2865 40th Street SE

Paris, TX 75462
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,628 Ft²
$1,186
Est. Monthly
8.26%
Cap Rate

About This Property

Complete remodel on half acre lot. Brick home with 2 car garage. New HVAC system. Upgraded electrical panel. New hot water heater and updated lighting. Two large living areas. Updated bathroom. Granite in kitchen with tile backsplash. Ranch home on approximately half acre lot. Just outside of the loop. Get that country feel and minutes from all the conveniences. Come take a look at you next home.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$129
Property Type
House
Property Taxes
$155
HOA Dues
-
Year Built
1975

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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 #20470528)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Nov 6, 2023 Listed by Oyezz Real Estate $209,900
Listed by Oyezz Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,920
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,628
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JEFFERSON HEIGHTS
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: JEFFERSON HEIGHTS, BLOCK B, LOT 25, 2865 40TH S E 2865 40TH S E

Neighborhood

  • School District Name: Paris Independent School District
  • School Tax School District: CITY OF PARIS
  • School Tax District Code 2: LAMAR COUNTY
  • School Tax District Code 3: PJC
  • Census Tract: 000900

Geography

  • Account Number: 009200-00002-0250
  • Subdivision Tract Number: 25
  • Parcel: 12482
  • Block: B
  • Lot: 25
  • Municipality: PARIS
  • Latitude: 33.6294
  • Longitude: -95.5046

    Address

  • Full Address: 2865 40th St Se
  • Address - House Number: 2865
  • Street Segment Direction: SE
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: TX
  • City Name: Paris
  • Carrier Code: R003
  • 4-Digit Zip Code: 8214
  • Zip Code: 75462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $164,858
  • Tax Rate Code Area: CPA GLA JC

    Appraisal Valuation

  • Standard Deviation: 0.1825
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 201,729
  • High Value: 238,562
  • Low Value: 164,896

    Market Valuation

  • Market Total Value: $134,800
  • Market Land Value: $6,950
  • Market Improvement Value: $127,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,800
  • Assessed Land Value: $6,950
  • Assessed Improvements Value: $127,850

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 206521
  • Previous Sale Recording Date: May 17, 2016
  • Previous Sale Contract Date: May 16, 2016
  • Previous Sale Amount: $82,200
  • 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 Paris

Stats & Trends

Median Asking:

$169,900

Sale Price/ft²

$102

Below Asking

0.05%

Average Days on Market

93

Average Home Size

1885 ft²

Average Home Age

-

Currently For Sale

118 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: Eartha Wang, Oyezz Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20470528
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2865 40th Street Southeast built and last sold?
The property at 2865 40th Street Southeast was built in 1975 and last sold on Aug 14, 2023 for $234,080.
How much is this home worth?
The estimated value of the home located at 2865 40th Street Southeast is $0.
What are some comparable homes to 2865 40th Street Southeast?
There are currently no comparable homes to 2865 40th Street Southeast.
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