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Devine 78016
402 S Teel
$20,000
● House - Off Market

402 S Teel

Devine, TX 78016
bedrooms
1 Bed
bathrooms
1 Bath
square feet
888 Ft²
$279
Est. Monthly

About This Property

Motivated Seller - Located in the City of Devine this property was previously used as Residential but has tons of potential (Zone Classification : G ( Retail Business District ) for this .115 acre lot.   House would be a demo, start over with a new build or Make your dream come true with your own Retail Business. Manufacture Homes Allowed. You would have to get with the City for more information. This property sits on the main street in the center of town with all the major amenities, highways and schools. This property is AS-IS condition seller will make no repairs. Please note that the buyer must order a new survey. Buyer/Agent must verify all measurements accordingly.   *** CASH Offers or Conventional Loan *** Additional .115 acre Lot Available 406 S Teel ***
Unit Size
888 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$45
Property Type
House
Property Taxes
$82
HOA Dues
-
Year Built
1950

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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: 5 months ago (LERA #1763544)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Mar 28, 2024 Listed by 1st Choice Realty Group $40,000
Listed by 1st Choice Realty Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • 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: 4,918
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 600
  • Total Building Area: 888
  • Gross Building Area: 968
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: DEVINE BLOCK 21 LOT 5 PART OF

Neighborhood

  • School District Name: Devine Independent School District
  • School Tax School District: HSP MWD RFM SDE
  • Census Tract: 000801

Geography

  • Account Number: DE0001-00021-00005-14569
  • Parcel: 14569
  • Block: 21
  • Lot: 5
  • Municipality: HONDO
  • Latitude: 29.1372
  • Longitude: -98.9081

    Address

  • Full Address: 402 S Teel Dr
  • Address - House Number: 402
  • Street Direction: S
  • Address - Street Name: Teel
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Devine
  • Carrier Code: C001
  • 4-Digit Zip Code: 3214
  • Zip Code: 78016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $98,791
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CDE FED2 F

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 101,325
  • High Value: 127,857
  • Low Value: 74,793

    Market Valuation

  • Market Total Value: $45,420
  • Market Land Value: $14,470
  • Market Improvement Value: $30,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,420
  • Assessed Land Value: $14,470
  • Assessed Improvements Value: $30,950
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 Devine

Stats & Trends

Median Asking:

$238,000

Sale Price/ft²

$178

Below Asking

0.04%

Average Days on Market

69

Average Home Size

1762 ft²

Average Home Age

46.6 years

Currently For Sale

32 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 112 Dixon Dr, TX, 78016

$428 /mo

  • 1 Bed
  • 1 Bath
112 Dixon Dr, TX, 78016 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Amanda Gonzalez, 1st Choice Realty Group
Last Updated: 5 months ago
Data Source: LERA, MLS# 1763544
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 402 South Teel Drive built and last sold?
The property at 402 South Teel Drive was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 402 South Teel Drive is $40,400.
What are some comparable homes to 402 South Teel Drive?
There are currently no comparable homes to 402 South Teel Drive.
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