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Merkel 79536
707 N 3rd
$162,000
● House - Off Market

707 N 3rd

Merkel, TX 79536
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,068 Ft²
$183,777
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Looking for Country living?  This is it! What an amazing property that is sure to please. This house comes with 3 SEPARATE LOTS for you to build on...  605, 699 and 701 N 3rd.  You will love the feel of this updated home that boasts 3 bedrooms, 2 baths, and 1 car garage, plus a 12x20 storage building (approximate size), and a chicken coop.  Open, charming and airy, with lots of amenities like updated flooring, paint, fixtures, new farm sink and the galley kitchen is beautiful.

Put this home on your list to buy!

BUYER TO VERIFY MEASUREMENTS AND SCHOOLS

CONTINGENCY CONTRACT
Unit Size
1,068 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$173
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1984

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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 #20417832)

Price History

Date / Event Date Event Price
Oct 26, 2023 Sold
Premium
Sold
Aug 30, 2023 Listed by Remax Of Abilene $184,463
Listed by Remax Of Abilene

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 286
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,354
  • Gross Building Area: 1,354
  • Building Area: 1,068
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,068
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEPPARD OF MERKEL OUTLOT A
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SHEPPARD OF MERKEL OUTLOT A, BLOCK 5, LOT W5 OF 9 & ALL OF 10

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 013601

Geography

  • Parcel: 37680
  • Block: 5
  • Lot: W5
  • Municipality: MERKEL
  • Latitude: 32.4719
  • Longitude: -100.008

    Address

  • Full Address: 707 N 3rd
  • Address - House Number: 707
  • Street Direction: N
  • Address - Street Name: 3rd
  • State: TX
  • City Name: Merkel
  • Carrier Code: C001
  • 4-Digit Zip Code: 4223
  • Zip Code: 79536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $162,365
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: SME

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 150,932
  • High Value: 187,256
  • Low Value: 114,607

    Market Valuation

  • Market Total Value: $82,465
  • Market Land Value: $1,540
  • Market Improvement Value: $80,925

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,465
  • Assessed Land Value: $1,540
  • Assessed Improvements Value: $80,925

    Sales

  • Current Sale Contract Date: Oct 26, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 18068
  • Previous Sale Recording Date: Nov 09, 2022
  • Previous Sale Contract Date: Nov 08, 2022
  • 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 Merkel

Stats & Trends

Median Asking:

$213,900

Sale Price/ft²

$138

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1591 ft²

Average Home Age

24.7 years

Currently For Sale

30 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 501 Ash Street, Merkel, TX, 79601

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,276 ft²
501 Ash Street, Merkel, TX, 79601 Listing by Judy Crosson

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Janet Batiste, Remax Of Abilene
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20417832
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 707 North 3rd built and last sold?
The property at 707 North 3rd was built in 1984 and last sold on Oct 26, 2023 for $160,655.
How much is this home worth?
The estimated value of the home located at 707 North 3rd is $0.
What are some comparable homes to 707 North 3rd?
There are currently no comparable homes to 707 North 3rd.
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