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Melissa 75454
3102 Red River Street
$105,000
● Mobile Manufactured - Off Market

3102 Red River Street

Melissa, TX 75454
bedrooms
2 Beds
bathrooms
0 Bath
square feet
924 Ft²
$772
Est. Monthly
18.05%
Cap Rate

About This Property

Motivated Seller!  Lowest priced home in desirable City of  Melissa, with city utilities, no septic needed.  Trailer is vacant.  Previous tenant paid $1,100 mo.   Trailer needs some TLC but is in livable condition.  This would rent immediately.  Conveniently located near schools, shops, major streets, restaurants.  An option would be to remove trailer and build your house on this lot.  Great location!  Seller to make NO repairs; sold AS-IS.  Price is already low and FIRM!!!
Unit Size
924 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$130
Property Type
Mobile Manufactured
Property Taxes
$182
HOA Dues
-
Year Built
1970

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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 #20397593)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Aug 3, 2023 Listed by Global Realty $120,000
Listed by Global Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1980
  • Building Count: 2
  • 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
  • Floor Count: 100
  • 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: 8,093
  • Total Building Area: 924
  • Gross Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELISSA DIVISION (CML)
  • Land Acres: 0000000186
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: MELISSA DIVISION (CML), BLK 1, LOT 4E; SN1: NZTXWNX570142BUR220329, HUD1: TXS0606296

Neighborhood

  • School District Name: Melissa Independent School District
  • School Tax School District: MELISSA ISD
  • Census Tract: 030207

Geography

  • Assessors Map Reference: 475-Q
  • District: CML
  • Parcel: R-1085-001-004E-1
  • Block: 1
  • Lot: 4E
  • Municipality: MELISSA CITY
  • Latitude: 33.288
  • Longitude: -96.5717

    Address

  • Full Address: 3102 Red River St
  • Address - House Number: 3102
  • Address - Street Name: Red River
  • Address - Suffix Type: St
  • State: TX
  • City Name: Melissa
  • Carrier Code: R001
  • 4-Digit Zip Code: 2387
  • Zip Code: 75454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $241,666
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SML

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 193,553
  • High Value: 239,114
  • Low Value: 147,992

    Market Valuation

  • Market Total Value: $124,391
  • Market Land Value: $76,000
  • Market Improvement Value: $48,391

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,391
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $48,391

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 147744
  • Previous Sale Recording Date: Apr 28, 2014
  • Previous Sale Contract Date: Sep 13, 2013
  • 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 Melissa

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

73

Average Home Size

2665 ft²

Average Home Age

10.1 years

Currently For Sale

101 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: Sandra Prieto, Global Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20397593
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3102 Red River Street built and last sold?
The property at 3102 Red River Street was built in 1970 and last sold on Dec 28, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 3102 Red River Street is $0.
What are some comparable homes to 3102 Red River Street?
There are currently no comparable homes to 3102 Red River Street.
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