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Abilene 79606 Chimney Rock Area
3242 Falcon Drive
$272,400
● House - Off Market

3242 Falcon Drive

Abilene, TX 79606
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,732 Ft²
$1,780
Est. Monthly
5.53%
Cap Rate

About This Property

Beautiful 3 bed, 2 bath brick home in fantastic location in established neighborhood in Abilene! Well maintained with some updates, this home is move-in ready! Spacious living area with soaring ceiling, brick gas fireplace & lovely wood-like floors! Updated kitchen with granite counters, stainless appliances & wood cabinets! Kitchen bar dining along with formal area! Large master bedroom! Gorgeously updated, glass walk-in tile shower & granite counters in master bathroom!
Unit Size
1,732 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$156
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1978

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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: 2 years ago (NTREIS #20675983)

Price History

Date / Event Date Event Price
Nov 4, 2024 Sold
Premium
Sold
Oct 9, 2024 In contract -
In contract
Oct 3, 2024 Relisted $269,900
Relisted
Aug 10, 2024 In contract -
In contract
Jul 17, 2024 Listed by KW SYNERGY* $275,000
Listed by KW SYNERGY*
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 0
  • 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: 428
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,480
  • Lot Size Depth Feet: 1,060
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,355
  • Gross Building Area: 2,355
  • Building Area: 1,927
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,927
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRYSIDE SOUTH SEC 2
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: COUNTRYSIDE SOUTH SEC 2, BLOCK E, LOT 11

Neighborhood

  • School District Name: Abilene Independent School District
  • Census Tract: 012701

Geography

  • Parcel: 72517
  • Block: E
  • Lot: 11
  • Municipality: ABILENE
  • Latitude: 32.3889
  • Longitude: -99.7683

    Address

  • Full Address: 3242 Falcon Dr
  • Address - House Number: 3242
  • Address - Street Name: Falcon
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Abilene
  • Carrier Code: C083
  • 4-Digit Zip Code: 3313
  • Zip Code: 79606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $544,967
  • Tax Rate Code Area: SAB

    Appraisal Valuation

  • Standard Deviation: 0.2217
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 283,995
  • High Value: 346,961
  • Low Value: 221,030

    Market Valuation

  • Market Total Value: $252,075
  • Market Land Value: $10,600
  • Market Improvement Value: $241,475

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $236,418

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9847
  • Previous Sale Recording Date: Apr 17, 2012
  • Previous Sale Contract Date: Apr 10, 2012
  • Previous Sale Amount: $150,100
  • 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 Chimney Rock Area

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$169

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2519 ft²

Average Home Age

38.7 years

Currently For Sale

20 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 3189 Chimney Circle, Abilene, TX, 79606

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,474 ft²
3189 Chimney Circle, Abilene, TX, 79606 Listing by Michael Powell
Unit for rent at 22 Crossroads Drive, Abilene, TX, 79605

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,188 ft²
22 Crossroads Drive, Abilene, TX, 79605 Listing by Pam Redman

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Remy Locascio, KW SYNERGY*
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20675983
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3242 Falcon Drive built and last sold?
The property at 3242 Falcon Drive was built in 1978 and last sold on May 9, 2022 for $250,635.
How much is this home worth?
The estimated value of the home located at 3242 Falcon Drive is $0.
What are some comparable homes to 3242 Falcon Drive?
There are currently no comparable homes to 3242 Falcon Drive.
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