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Commerce 75428
2900 Meadowview Road
$316,000
● House - Off Market

2900 Meadowview Road

Commerce, TX 75428
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,577 Ft²
$342,535
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Multiple offers received! Final and best by Monday March 20 at 8 PM.  Motivated Seller! Price Reduction and $5000 in seller concessions to buy down the rate or do updates!! Come see this beautiful home in a great neighborhood. Four bedroom with three full baths.  Large corner lot with great landscaping. Large living room and a bonus room that can be a formal dining or study. Solar powered wrought iron entry gate across driveway with large backyard and large patio. Bring all offers, they will be considered. This home qualifies for the Ignite Loan Program offered by American National Bank of Texas.  Ask Listing Agent for details.
Unit Size
2,577 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$132
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992

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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: 3 years ago (NTREIS #20191105)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Oct 20, 2022 Listed by RE/MAX Four Corners $339,900
Listed by RE/MAX Four Corners

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 368
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,869
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 2,577
  • Gross Building Area: 2,577
  • Building Area: 2,577
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,577
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HY-LANN TERRACE SEC 3
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S3602 HY-LANN TERRACE SEC 3 BLK 5 LOT 5 ACRES .2725

Neighborhood

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

Geography

  • Assessors Map Reference: 178-Q
  • Parcel: 102922
  • Block: 5
  • Lot: 5
  • Municipality: CITY OF COMMERCE
  • Latitude: 33.2337
  • Longitude: -95.9078

    Address

  • Full Address: 2900 Meadowview Rd
  • Address - House Number: 2900
  • Address - Street Name: Meadowview
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Commerce
  • Carrier Code: R001
  • 4-Digit Zip Code: 3732
  • Zip Code: 75428

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $808,868
  • Tax Rate Code Area: SCO

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 334,128
  • High Value: 390,599
  • Low Value: 277,657

    Market Valuation

  • Market Total Value: $312,280
  • Market Land Value: $34,660
  • Market Improvement Value: $277,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,280
  • Assessed Land Value: $34,660
  • Assessed Improvements Value: $277,620

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 8209
  • Previous Sale Recording Date: Aug 25, 2015
  • Previous Sale Contract Date: Aug 13, 2015
  • Previous Sale Document Type: 71
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:

$226,950

Sale Price/ft²

$119

Below Asking

0.04%

Average Days on Market

85

Average Home Size

2012 ft²

Average Home Age

47.3 years

Currently For Sale

55 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 2405 Monroe Street, Commerce, TX, 75428

$2,200 /mo

  • 3 Beds
  • 3 Baths
  • 2,215 ft²
2405 Monroe Street, Commerce, TX, 75428 Listing by Diana Campos
Unit for rent at 2908 Washington Street, Commerce, TX, 75428

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 2,236 ft²
2908 Washington Street, Commerce, TX, 75428 Listing by Marilyn Chamorro

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Brian Hudgeons, RE/MAX Four Corners
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20191105
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2900 Meadowview Road built and last sold?
The property at 2900 Meadowview Road was built in 1992 and last sold on May 4, 2023 for $311,818.
How much is this home worth?
The estimated value of the home located at 2900 Meadowview Road is $0.
What are some comparable homes to 2900 Meadowview Road?
There are currently no comparable homes to 2900 Meadowview Road.
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