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Tye 79603
708 Spinks Road
$65,000
● House - Off Market

708 Spinks Road

Tye, TX 79603
bedrooms
1 Bed
bathrooms
0 Bath
square feet
600 Ft²
$72,803
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Very cool efficiency home just off of Interstate 20 in Tye! This is a truly unique property built on a slab foundation with 3 inches of spray foam insulation making this home extremely efficient! This is the perfect bachelor pad or for a young couple! House features a large bathroom with full size washer and dryer hookups, and the living area is plenty spacious for living and bedroom space. Don't let this one get away from you!
Unit Size
600 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$117
Property Type
House
Property Taxes
$93
HOA Dues
-
Year Built
2014

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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 #20154702)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Sep 2, 2022 Listed by Tommy Simons & Associates, REALTORS $70,000
Listed by Tommy Simons & Associates, REALTORS

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 17
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,850
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 700
  • Total Building Area: 600
  • Gross Building Area: 600
  • Building Area: 600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 6
  • Heated Square Feet: 600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANEY HOMESTEAD
  • Land Acres: 0000000249
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LANEY HOMESTEAD, BLOCK A, LOT 22

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 013200

Geography

  • Parcel: 71240
  • Block: A
  • Lot: 22
  • Municipality: TYE
  • Latitude: 32.4711
  • Longitude: -99.8583

    Address

  • Full Address: 708 Spinks Rd
  • Address - House Number: 708
  • Address - Street Name: Spinks
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Abilene
  • Carrier Code: R004
  • 4-Digit Zip Code: 7910
  • Zip Code: 79603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $123,951
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: SME

    Appraisal Valuation

  • Standard Deviation: 0.2275
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 95,303
  • High Value: 116,987
  • Low Value: 73,619

    Market Valuation

  • Market Total Value: $61,603
  • Market Land Value: $3,255
  • Market Improvement Value: $58,348

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,603
  • Assessed Land Value: $3,255
  • Assessed Improvements Value: $58,348

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20441
  • Previous Sale Recording Date: Nov 04, 2013
  • Previous Sale Contract Date: Nov 04, 2013
  • Previous Sale Amount: $5,500
  • 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 Tye

Stats & Trends

Median Asking:

$157,000

Sale Price/ft²

$111

Below Asking

0.02%

Average Days on Market

59

Average Home Size

1165 ft²

Average Home Age

28 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: Tommy Simons, Tommy Simons & Associates, REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20154702
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 708 Spinks Road built and last sold?
The property at 708 Spinks Road was built in 2014 and last sold on Sep 30, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 708 Spinks Road is $0.
What are some comparable homes to 708 Spinks Road?
There are currently no comparable homes to 708 Spinks Road.
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