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Devine 78016
506 N TEEL DR
$75,000
● Land - Off Market

506 N TEEL DR

Devine, TX 78016
bedrooms
Studio
bathrooms
0 Bath
square feet
1,256 Ft²
$93,413
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

4 city lots in downtown Devine. Zoned retail, lots of potential for commercial business location. Water, sewer and gas on site. Older home on property to be sold as is.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$66
Property Type
Land
Property Taxes
$51
HOA Dues
-
Year Built
1959

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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 #1536842)

Price History

Date / Event Date Event Price
Oct 4, 2021 Sold
Premium
Sold
Jun 5, 2021 Listed by Morales Realty, LLC $83,000
Listed by Morales Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,401
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,256
  • Gross Building Area: 1,744
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: DEVINE BLOCK 69 LOT 3-4-5-6

Neighborhood

  • School District Name: Devine Independent School District
  • School Tax School District: HSP MWD RFM SDE
  • Census Tract: 000802

Geography

  • Account Number: DE0001-00069-00003-14824
  • Parcel: 14824
  • Block: 69
  • Lot: 3-6
  • Municipality: HONDO
  • Latitude: 29.1443
  • Longitude: -98.9022

    Address

  • Full Address: 506 N Teel Dr
  • Address - House Number: 506
  • Street Direction: N
  • Address - Street Name: Teel
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Devine
  • Carrier Code: C001
  • 4-Digit Zip Code: 2633
  • Zip Code: 78016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $306,638
  • Tax Rate Code Area: CDE FED2 F

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 77
  • Final Value: 88,085
  • High Value: 103,361
  • Low Value: 72,810

    Market Valuation

  • Market Total Value: $140,980
  • Market Land Value: $41,470
  • Market Improvement Value: $99,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $140,980
  • Assessed Land Value: $41,470
  • Assessed Improvements Value: $99,510
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: Deborah Petty, Morales Realty, LLC
Last Updated: 5 months ago
Data Source: LERA, MLS# 1536842
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 506 North N Teel Dr Drive built and last sold?
The property at 506 North N Teel Dr Drive was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 506 North N Teel Dr Drive is $83,830.
What are some comparable homes to 506 North N Teel Dr Drive?
There are currently no comparable homes to 506 North N Teel Dr Drive.
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