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Marshall 75670
507 W Rusk
$179,000
● House - Off Market

507 W Rusk

Marshall, TX 75670
bedrooms
6 Beds
bathrooms
5 Baths, 5 Half Baths
square feet
5,872 Ft²
$239,358
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Home is Priced to Sell!  This beautiful gem is truly a rare find. Formally named "The Columns," this 1883 two-story is a Colonial Revival structure. Approx 6,000 sq ft. Main House consists of Formal Dining, Parlor, 5 Bed, 2.5 baths, original hardwood floors throughout, windows with original sashes, 8 original fireplaces. Large bonus room on 3rd floor could be bedroom, office, play area. Carriage House with 2-car garage features a kitchen, full bath, living room, bedroom.  The Columns was Honored by the Historic Landmark Preservation for a Total Restoration of a Historic Building in 1995. Own a Unique Piece of History, and preserve the character and charm of this home for years to come.
Unit Size
5,872 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$30
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1883

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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: 3 years ago (NTREIS #14427903)

Price History

Date / Event Date Event Price
Oct 21, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by RE/MAX Advantage $179,000
Listed by RE/MAX Advantage

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Bedroom Count: 0
  • Building Condition: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 900
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Total Building Area: 4,096
  • Gross Building Area: 4,096
  • Building Area: 4,096
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OL NW
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: A
  • Legal Description 1: ACRES: 0.258 LOT: 7A SUBD: OL NW HSE

Neighborhood

  • School District Name: Marshall Independent School District
  • School Tax School District: MARSHALL
  • Census Tract: 020401

Geography

  • Account Number: R000015472
  • Parcel: 03040.00180.00000.000000
  • Lot: 7A
  • Municipality: MARSHALL
  • Latitude: 32.5466
  • Longitude: -94.3721

    Address

  • Full Address: 507 W Rusk St
  • Address - House Number: 507
  • Street Direction: W
  • Address - Street Name: Rusk
  • Address - Suffix Type: St
  • State: TX
  • City Name: Marshall
  • Carrier Code: C016
  • 4-Digit Zip Code: 3129
  • Zip Code: 75670

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $329,021
  • Tax Rate Code Area: 04,05,12,3

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 208,360
  • High Value: 303,845
  • Low Value: 112,874

    Market Valuation

  • Market Total Value: $181,860
  • Market Land Value: $3,930
  • Market Improvement Value: $177,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,860
  • Assessed Land Value: $3,930
  • Assessed Improvements Value: $177,930

    Sales

  • Current Sale Contract Date: Oct 21, 2020
  • Current Sale Recording Date: Oct 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-000012370
  • Previous Sale Recording Date: Dec 04, 2015
  • Previous Sale Contract Date: Dec 02, 2015
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 27
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 Marshall

Stats & Trends

Median Asking:

$159,800

Sale Price/ft²

$104

Below Asking

0.09%

Average Days on Market

84

Average Home Size

1470 ft²

Average Home Age

93.7 years

Currently For Sale

9 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

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NTREIS

Listed by: Angela Watson-Kuite, RE/MAX Advantage
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14427903
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 507 West Rusk Street built and last sold?
The property at 507 West Rusk Street was built in 1883 and last sold on Oct 21, 2020 for $201,400.
How much is this home worth?
The estimated value of the home located at 507 West Rusk Street is $0.
What are some comparable homes to 507 West Rusk Street?
There are currently no comparable homes to 507 West Rusk Street.
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