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Poteet 78065
529 AVENUE J
$39,900
● Land - Off Market

529 AVENUE J

Poteet, TX 78065
bedrooms
Studio
bathrooms
0 Bath
square feet
500 Ft²
$39,791
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

GREAT LOT IN THE CITY OF POTEET, CITY UTILITIES, SELLER WILL FINANCE. MOBILE HOMES OK.
Unit Size
500 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$80
Property Type
Land
Property Taxes
$46
HOA Dues
-
Year Built
1950

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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: 5 months ago (LERA #1704024)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
Jul 17, 2023 Listed by Essex Properties $39,900
Listed by Essex Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • 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: 1
  • 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: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 500
  • Gross Building Area: 630
  • Building Area: 500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POTEET
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: POTEET ORIGINAL BLK 75 LOT 13 & 14

Neighborhood

  • School District Name: Poteet Independent School District
  • School Tax School District: WEV
  • Census Tract: 960205

Geography

  • Account Number: 03100-00-075-001300
  • Parcel: R31288
  • Block: 75
  • Lot: 13,14
  • Municipality: POTEET
  • Latitude: 29.0354
  • Longitude: -98.5732

    Address

  • Full Address: 529 Avenue J
  • Address - House Number: 529
  • Address - Street Name: Avenue J
  • State: TX
  • City Name: Poteet
  • Zip Code: 78065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $173,899
  • Initial Tax Delinquent Year: 2011
  • Tax Rate Code Area: CPO FMLR G

    Appraisal Valuation

  • Standard Deviation: 0.4091
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 10,323
  • High Value: 14,546
  • Low Value: 6,099

    Market Valuation

  • Market Total Value: $33,480
  • Market Land Value: $28,140
  • Market Improvement Value: $5,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,480
  • Assessed Land Value: $28,140
  • Assessed Improvements Value: $5,340

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 235847
  • Previous Sale Recording Date: May 04, 2022
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: 64
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 Poteet

Stats & Trends

Median Asking:

$177,000

Sale Price/ft²

$123

Below Asking

0.05%

Average Days on Market

101

Average Home Size

1432 ft²

Average Home Age

44.6 years

Currently For Sale

18 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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LERA

Listed by: Phil Essex, Essex Properties
Last Updated: 5 months ago
Data Source: LERA, MLS# 1704024
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 529 Avenue J built and last sold?
The property at 529 Avenue J was built in 1950 and last sold on Jul 28, 2023 for $42,427.
How much is this home worth?
The estimated value of the home located at 529 Avenue J is $40,520.
What are some comparable homes to 529 Avenue J?
There are currently no comparable homes to 529 Avenue J.
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