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Abilene 79602
3618 Varsity Lane
$201,900
● House - Off Market

3618 Varsity Lane

Abilene, TX 79602
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,188 Ft²
$1,355
Est. Monthly
6.74%
Cap Rate

About This Property

Gorgeous AND affordable? Hard to find these days! Beautifully updated with modern, classic finishes. This house is picture perfect, and will NOT last long! Wylie schools!
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$172
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1983

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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 #20564450)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Mar 19, 2024 Listed by Sendero Properties, LLC $204,900
Listed by Sendero Properties, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • 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: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,568
  • Gross Building Area: 1,568
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYTLE SHORES SOUTH SEC 2
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LYTLE SHORES SOUTH SEC 2, BLOCK D, LOT 38

Neighborhood

  • School District Name: Wylie Independent School District
  • Census Tract: 013404

Geography

  • Parcel: 77211
  • Block: D
  • Lot: 38
  • Municipality: ABILENE
  • Latitude: 32.4079
  • Longitude: -99.7065

    Address

  • Full Address: 3618 Varsity Ln
  • Address - House Number: 3618
  • Address - Street Name: Varsity
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Abilene
  • Carrier Code: R010
  • 4-Digit Zip Code: 7458
  • Zip Code: 79602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $418,424
  • Tax Rate Code Area: SWY

    Appraisal Valuation

  • Standard Deviation: 0.2256
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 224,456
  • High Value: 275,096
  • Low Value: 173,816

    Market Valuation

  • Market Total Value: $193,491
  • Market Land Value: $13,200
  • Market Improvement Value: $180,291

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,491
  • Assessed Land Value: $13,200
  • Assessed Improvements Value: $180,291

    Sales

  • Current Sale Contract Date: Feb 15, 2019
  • Current Sale Recording Date: Feb 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2019-00002249
  • Previous Sale Recording Date: Sep 18, 2018
  • Previous Sale Contract Date: Sep 18, 2018
  • Previous Sale Amount: $143,800
  • 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 Abilene

Stats & Trends

Median Asking:

$270,000

Sale Price/ft²

$165

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1938 ft²

Average Home Age

44.8 years

Currently For Sale

254 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 1850 Chestnut Street, Abilene, TX, 79602

$1,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,254 ft²
1850 Chestnut Street, Abilene, TX, 79602 Listing by Judy Crosson

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Anna Hughes, Sendero Properties, LLC
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20564450
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 3618 Varsity Lane built and last sold?
The property at 3618 Varsity Lane was built in 1983 and last sold on Feb 15, 2019 for $151,300.
How much is this home worth?
The estimated value of the home located at 3618 Varsity Lane is $0.
What are some comparable homes to 3618 Varsity Lane?
There are currently no comparable homes to 3618 Varsity Lane.
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