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Newark 76071
534 Berke Street
$62,000
● Land - Off Market

534 Berke Street

Newark, TX 76071
bedrooms
Studio
bathrooms
0 Bath
$69,066
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Nicely wooded lot with fenced yard. Currently has an old unlivable 2 bedroom 1 bath mobile home with city water and city sewer. Lot measures 75' x 160'.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$87
HOA Dues
-
Year Built
1974

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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 #20320684)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
May 4, 2023 Listed by RE/MAX PREFERRED PROPERTIES $69,500
Listed by RE/MAX PREFERRED PROPERTIES

Property Highlights

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,979
  • Total Building Area: 784
  • Building Area: 784
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 784
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NEWARK BEACH ESTATES
  • Land Acres: 0000000275
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 17 BLK 27 NEWARK BEACH ESTATES S# 2067036553 MANUFACTURER: MANATEE SERIAL NUMBER: 2067036553 SERIAL NUMBER: DLS0075869

Neighborhood

  • School District Name: Northwest Independent School District
  • School Tax School District: NORTHWEST ISD
  • School Tax District Code 2: FM FLOOD-LATERA
  • School Tax District Code 3: WCID #1
  • Census Tract: 150603

Geography

  • Assessors Map Reference: AIR MAP: NEWA
  • Account Number: 000000763460
  • District: CNE
  • Parcel: R1970.0634.00
  • Block: 27
  • Lot: 17
  • Municipality: CITY OF NEWARK
  • Latitude: 33.0021
  • Longitude: -97.4914

    Address

  • Full Address: 534 Berke St
  • Address - House Number: 534
  • Address - Street Name: Berke
  • Address - Suffix Type: St
  • State: TX
  • City Name: Newark
  • Carrier Code: R021
  • 4-Digit Zip Code: 3806
  • Zip Code: 76071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $137,877
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: CNE,LTR,SN

    Appraisal Valuation

  • Standard Deviation: 0.2005
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 117,263
  • High Value: 140,781
  • Low Value: 93,744

    Market Valuation

  • Market Total Value: $77,519
  • Market Land Value: $50,880
  • Market Improvement Value: $26,639

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,519
  • Assessed Land Value: $50,880
  • Assessed Improvements Value: $26,639

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Sep 25, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13513
  • Previous Sale Recording Date: Nov 28, 2016
  • Previous Sale Contract Date: Nov 23, 2016
  • Previous Sale Document Type: 71
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 Newark

Stats & Trends

Median Asking:

$247,500

Sale Price/ft²

$155

Below Asking

0.10%

Average Days on Market

69

Average Home Size

2489 ft²

Average Home Age

24.5 years

Currently For Sale

2 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: Marilyn Read, RE/MAX PREFERRED PROPERTIES
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20320684
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 534 Berke Street built and last sold?
The property at 534 Berke Street was built in 1974 and last sold on Sep 22, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 534 Berke Street is $0.
What are some comparable homes to 534 Berke Street?
There are currently no comparable homes to 534 Berke Street.
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