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Commerce 75428
704 Jernigan Street
$13,000
● Land - Off Market

704 Jernigan Street

Commerce, TX 75428
bedrooms
Studio
bathrooms
0 Bath
$19,926
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
$21
HOA Dues
-
Year Built
-

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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: 3 years ago (NTREIS #20314505)

Price History

Date / Event Date Event Price
Oct 24, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by Chapin Real Estate $20,000
Listed by Chapin Real Estate
Mar 23, 2023 No longer available -
No longer available
Sep 23, 2022 Listed by Chapin Real Estate $25,000
Listed by Chapin Real Estate

Property Highlights

Building Info

Overview

    General

  • 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: 7,930
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 650
  • Total Building Area: 0
  • Building Area: 0

    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: V
  • Subdivision: NORTH SIDE ADDITION
  • Land Acres: 0000000182
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • State Land Use Code: C1
  • Legal Description 1: S4220 NORTH SIDE ADDITION BLK 19 LOT 3 ACRES .182 (AKA 4 BLK 19)

Neighborhood

  • School District Name: Commerce Independent School District
  • Census Tract: 960500

Geography

  • Assessors Map Reference: 178-D
  • Parcel: 52940
  • Block: 19
  • Lot: 3
  • Municipality: CITY OF COMMERCE
  • Latitude: 33.2569
  • Longitude: -95.8941

    Address

  • Full Address: 704 Jernigan St
  • Address - House Number: 704
  • Address - Street Name: Jernigan
  • Address - Suffix Type: St
  • State: TX
  • City Name: Commerce
  • Carrier Code: C004
  • 4-Digit Zip Code: 2224
  • Zip Code: 75428

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $46,831
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SCO

    Market Valuation

  • Market Total Value: $18,080
  • Market Land Value: $18,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,080
  • Assessed Land Value: $18,080

    Sales

  • Current Sale Contract Date: Oct 24, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21628
  • Previous Sale Recording Date: Nov 02, 2021
  • Previous Sale Contract Date: Sep 27, 2021
  • Previous Sale Amount: $2,590
  • 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 Commerce

Stats & Trends

Median Asking:

$226,950

Sale Price/ft²

$119

Below Asking

0.04%

Average Days on Market

85

Average Home Size

2012 ft²

Average Home Age

47.3 years

Currently For Sale

55 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

Unit for rent at 1410 Sycamore, Commerce, TX, 75428

$1,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,006 ft²
1410 Sycamore #1, Commerce, TX, 75428 Listing by Tiffany Squires

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Terry Harris, Chapin Real Estate
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20314505
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 704 Jernigan Street built and last sold?
The property at 704 Jernigan Street was built in and last sold on Oct 24, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 704 Jernigan Street is $0.
What are some comparable homes to 704 Jernigan Street?
There are currently no comparable homes to 704 Jernigan Street.
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