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Cross Plains 76443
508 Chestnut Street
$46,000
● House - Off Market

508 Chestnut Street

Cross Plains, TX 76443
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,352 Ft²
$69,709
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

This home presents many opportunities for investors or first time home buyers. It will need a little bit of maintenance inside and out but is priced right for quick sale. A good handy man could make short work of it. It has central air that needs repair and service. All appliances (washer, dryer, refrigerator, stove, and microwave) convey. Make your appointment  today to come view and see how the possibilities fit your needs.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$52
Property Type
House
Property Taxes
$74
HOA Dues
-
Year Built
2006

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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 #20360596)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
Jun 20, 2023 Listed by Trinity Ranch Land Cross Plains $69,900
Listed by Trinity Ranch Land Cross Plains

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 4,436
  • Lot Size Depth Feet: 660
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,364
  • Gross Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SLEEK ADD
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT: 66.6X66.6 FT OF LT 4 BLK: 22 SUBD: STEELE - CROSS PLAINS

Neighborhood

  • School District Name: Cross Plains Independent School District
  • Census Tract: 030200

Geography

  • Account Number: 7712002200400
  • Parcel: R000014581
  • Block: 22
  • Lot: 4
  • Municipality: CROSS PLAINS
  • Latitude: 32.1205
  • Longitude: -99.17

    Address

  • Full Address: 508 Chestnut St
  • Address - House Number: 508
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: TX
  • City Name: Cross Plains
  • Carrier Code: R002
  • 4-Digit Zip Code: 2309
  • Zip Code: 76443

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $132,998
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 30 FM X XS

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 8
  • Final Value: 99,121
  • High Value: 144,632
  • Low Value: 53,609

    Market Valuation

  • Market Total Value: $83,670
  • Market Land Value: $6,600
  • Market Improvement Value: $77,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,670
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $77,070

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 24, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1599
  • Previous Sale Recording Date: Feb 02, 2007
  • Previous Sale Contract Date: Jan 25, 2007
  • Previous Sale Document Type: 20
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 Cross Plains

Stats & Trends

Median Asking:

$129,900

Sale Price/ft²

$129

Below Asking

0.12%

Average Days on Market

95

Average Home Size

1157 ft²

Average Home Age

81.7 years

Currently For Sale

6 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

Rentals Near You

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NTREIS

Listed by: Stephen Reid, Trinity Ranch Land Cross Plains
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20360596
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 508 Chestnut Street built and last sold?
The property at 508 Chestnut Street was built in 2006 and last sold on Jul 21, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 508 Chestnut Street is $0.
What are some comparable homes to 508 Chestnut Street?
There are currently no comparable homes to 508 Chestnut Street.
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