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Gainesville 76240
3502 Austin Street
$279,000
● House - Off Market

3502 Austin Street

Gainesville, TX 76240
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,758 Ft²
$1,812
Est. Monthly
6.70%
Cap Rate

About This Property

Fantastic home 1st phase built by Riverside Homebuilder. Selling much below builder price in this same community. This home has great floor plan, 3 bedroom 2 Bathroom with a guest bedroom at the front which can be used as a study. Spacious Family room with wood burning fireplace. Kitchen has granite counter-tops, 42 inch wood cabinets, black appliances huge island, gas cooktop, microwave, build in double ovens, large walk-in pantry and breakfast. Master bathroom has separate vanities, garden tub, separate shower and huge walk-in closet. Must see in person!!!

Buyer agent to verify all information including dimensions, schools, room sizes.
Unit Size
1,758 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$159
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
2015

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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 #20733179)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Oct 22, 2024 In contract -
In contract
Sep 20, 2024 Listed by Ready Real Estate LLC $279,500
Listed by Ready Real Estate LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Total Building Area: 1,758
  • Gross Building Area: 2,395
  • Building Area: 1,758
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,758
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHALMERS ESTATES
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: CHALMERS ESTATES; BLOCK 4; LOT 2; PHASE 1 PHASE 1

Neighborhood

  • School District Name: Gainesville Independent School District
  • School Tax School District: NCTC,RDBD,SDGV
  • School Tax District Code 2: TNGV
  • Census Tract: 001100

Geography

  • Account Number: 2132-004-00002
  • Parcel: 115248
  • Block: 4
  • Lot: 2
  • Municipality: GAINESVILLE
  • Latitude: 33.6179
  • Longitude: -97.1043

    Address

  • Full Address: 3502 Austin St
  • Address - House Number: 3502
  • Address - Street Name: Austin
  • Address - Suffix Type: St
  • State: TX
  • City Name: Gainesville
  • Carrier Code: R012
  • 4-Digit Zip Code: 0487
  • Zip Code: 76240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $479,361
  • Tax Rate Code Area: 72,CCOK,FM

    Appraisal Valuation

  • Standard Deviation: 0.4671
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 6
  • Final Value: 170,056
  • High Value: 249,501
  • Low Value: 90,610

    Market Valuation

  • Market Total Value: $269,622
  • Market Land Value: $41,250
  • Market Improvement Value: $228,372

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,335
  • Assessed Land Value: $41,250
  • Assessed Improvements Value: $228,372

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 10, 2015
  • Current Sale Recording Date: Aug 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2015-59405
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 Gainesville

Stats & Trends

Median Asking:

$255,000

Sale Price/ft²

$157

Below Asking

0.04%

Average Days on Market

89

Average Home Size

1851 ft²

Average Home Age

48.4 years

Currently For Sale

87 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: Kevin Nguyen, Ready Real Estate LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20733179
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3502 Austin Street built and last sold?
The property at 3502 Austin Street was built in 2015 and last sold on Aug 10, 2015 for $162,400.
How much is this home worth?
The estimated value of the home located at 3502 Austin Street is $0.
What are some comparable homes to 3502 Austin Street?
There are currently no comparable homes to 3502 Austin Street.
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