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Hearne 77859
507 Natchez Street
$48,500
● House - Off Market

507 Natchez Street

Hearne, TX 77859
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,384 Ft²
$246
Est. Monthly

About This Property

Great 3 bedroom 1 bath home on a corner lot. This is a Fannie Mae Homepath property. Fannie Mae's First Look period expires at 11:00 pm on 2-22-26.
Unit Size
1,384 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$36
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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: 8 months ago (NTREIS #21161975)

Price History

Date / Event Date Event Price
Mar 24, 2026 Sold
Premium
Sold
Feb 26, 2026 In contract -
In contract
Feb 24, 2026 Price Decreased $49,900
↓ $5K (9.1%)
Price Decreased
Jan 23, 2026 Listed by Graham & Co Realty Group $54,900
Listed by Graham & Co Realty Group

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • 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: 5,750
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,384
  • Gross Building Area: 1,384
  • Building Area: 1,384
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF HEARNE
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LT 2 BLK 313 HEARNE 1022/548 1499/762 0.132 ACRES

Neighborhood

  • School District Name: Hearne Independent School District
  • Census Tract: 960501

Geography

  • Account Number: 15631
  • Parcel: 080000-016460
  • Block: 313
  • Lot: 2
  • Municipality: HEARNE
  • Latitude: 30.8851
  • Longitude: -96.6006

    Address

  • Full Address: 507 Natchez St
  • Address - House Number: 507
  • Address - Street Name: Natchez
  • Address - Suffix Type: St
  • State: TX
  • City Name: Hearne
  • Carrier Code: C003
  • 4-Digit Zip Code: 2118
  • Zip Code: 77859

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $85,971
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: CRXX SH TH

    Appraisal Valuation

  • Standard Deviation: 0.4223
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 15
  • Final Value: 71,300
  • High Value: 101,412
  • Low Value: 41,187

    Market Valuation

  • Market Total Value: $51,834
  • Market Land Value: $3,623
  • Market Improvement Value: $48,211

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,834
  • Assessed Land Value: $3,623
  • Assessed Improvements Value: $48,211

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3296
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 Hearne

Stats & Trends

Median Asking:

$184,950

Sale Price/ft²

$122

Below Asking

0.05%

Average Days on Market

79

Average Home Size

1474 ft²

Average Home Age

37.6 years

Currently For Sale

8 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 405 E Evans Street, Hearne, TX, 77859

$1,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,461 ft²
405 E Evans Street, Hearne, TX, 77859 Listing by Cherri Bryant

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Greg Graham, Graham & Co Realty Group
Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21161975
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 507 Natchez Street built and last sold?
The property at 507 Natchez Street was built in and last sold on Aug 22, 2022 for $72,245.
How much is this home worth?
The estimated value of the home located at 507 Natchez Street is $0.
What are some comparable homes to 507 Natchez Street?
There are currently no comparable homes to 507 Natchez Street.
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