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Midland 79706
5206 S CR 1183
Photo of 5206 S CR 1183

16

Map

Photo of 5206 S CR 1183
Photo of 5206 S CR 1183
$500,000
● House - For Sale

5206 S CR 1183

Midland, TX 79706
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$2,456
Est. Monthly

About This Property

Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$167
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2006

Listed By

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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: 27 days ago (NTREIS #21321234)

Price History

Date / Event Date Event Price
Jul 6, 2026 Listed by Canda Rasberry Team LLC $500,000
Listed by Canda Rasberry Team LLC

Property Highlights

Air Conditioning
Parking Details
Parking Features: Additional Parking, Boat
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Eat-in Kitchen, Granite Counters, High Speed Internet, Decorative Lighting
Appliances: Dishwasher, Gas Range
Flooring Type: Ceramic Tile, Tile, Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 3000
Architectural Style: Barndominium
Year Built: 2025
Levels: Two
Other Structures: RV/Boat Storage
Construction Materials: Metal Siding
Lot Size Area: 0.52
Lot Size Units: Acres
Lot Size Acres: 0.52
Lot Size Square Feet: 22651.2
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric

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: 22,651
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,000
  • Gross Building Area: 2,000
  • Building Area: 2,000
  • 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: MEADOWS
  • Land Acres: 0000000520
  • Standard Land Use Code: 0027
  • County Land Use Code: F1
  • Legal Description 1: ACRES: 0.520 BLK: 005 LOT: 001 ADDN: SOUTHERN MEADOWS

Neighborhood

  • School District Name: Midland Independent School District
  • Census Tract: 010127

Geography

  • Assessors Map Reference: MAP N33
  • Parcel: R000046396
  • Block: 5
  • Lot: 1
  • Municipality: MIDLAND
  • Latitude: 31.9361
  • Longitude: -102.047

    Address

  • Full Address: 5206 S County Road 1183
  • Address - House Number: 5206
  • Street Direction: S
  • Address - Street Name: County Road 1183
  • State: TX
  • City Name: Midland
  • Carrier Code: R030
  • 4-Digit Zip Code: 7096
  • Zip Code: 79706

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $227,498
  • Tax Rate Code Area: CUD, HOS,

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 281,092
  • High Value: 335,238
  • Low Value: 226,946

    Market Valuation

  • Market Total Value: $193,220
  • Market Land Value: $5,200
  • Market Improvement Value: $188,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,220
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $188,020

    Sales

  • Current Sale Contract Date: Oct 24, 2012
  • Current Sale Recording Date: Nov 08, 2012
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012-24410
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Contract Date: Aug 01, 2005
  • 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 Midland

Stats & Trends

Median Asking:

$294,475

Sale Price/ft²

$148

Below Asking

0.07%

Average Days on Market

75

Average Home Size

2497 ft²

Average Home Age

25.2 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: Canda Rasberry, Canda Rasberry Team LLC
Last Updated: 27 days ago
Data Source: NTREIS MLS, MLS# 21321234
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 5206 South County Rd 1183 built and last sold?
The property at 5206 South County Rd 1183 was built in 2006 and last sold on Oct 24, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 5206 South County Rd 1183 is $512,824.
What are some comparable homes to 5206 South County Rd 1183?
There are currently no comparable homes to 5206 South County Rd 1183.
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