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Taylor 79606
721 Iberis Road S
$290,000
● House - Off Market

721 Iberis Road S

Abilene, TX 79606
bedrooms
Studio
bathrooms
0 Bath
square feet
2,076 Ft²
$1,738
Est. Monthly
4.94%
Cap Rate

About This Property

Endless opportunities await at this secluded and private 12 Acre wooded property featuring a 40*50 shop with panoramic views. Incredible homesite situated in the highly desirable Wylie West School district outside the city limits. The original home is still present, built in 1925 and will need to be removed at the buyer's expense. There is a nice Mueller shop tucked in the back of the property.  This would be convenient for commercial purposes as well. Bring your ideas and design your dream home, entirely fenced and ready for livestock or recreational uses. Tons of possibilities to be had at this prime location! Don't wait!
Unit Size
2,076 Ft²
Days on Market
-
Land Size
11.98 acres
Price per sqft
$145
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1925

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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: 2 years ago (NTREIS #20803802)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Dec 28, 2024 Listed by Sendero Properties, LLC $300,000
Listed by Sendero Properties, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 521,849
  • Total Building Area: 2,076
  • Gross Building Area: 2,076
  • Building Area: 2,076
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 2,076
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: L A L SW/4
  • Land Acres: 0000011980
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • State Land Use Code: E1
  • Legal Description 1: A0953 SUR 24 L A L SW/4, ACRES 11.98

Neighborhood

  • School District Name: Wylie Independent School District
  • Census Tract: 013402

Geography

  • Parcel: 57912
  • Municipality: ABILENE
  • Latitude: 32.3316
  • Longitude: -99.7547

    Address

  • Full Address: 721 Iberis Rd S
  • Address - House Number: 721
  • Street Segment Direction: S
  • Address - Street Name: Iberis
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Abilene
  • Carrier Code: R016
  • 4-Digit Zip Code: 6703
  • Zip Code: 79606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $230,166
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SWY

    Appraisal Valuation

  • Standard Deviation: 0.1856
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 254,692
  • High Value: 301,979
  • Low Value: 207,404

    Market Valuation

  • Market Total Value: $160,989
  • Market Land Value: $92,563
  • Market Improvement Value: $68,426

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,989
  • Assessed Land Value: $92,563
  • Assessed Improvements Value: $68,426
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 Taylor

Stats & Trends

Median Asking:

$286,430

Sale Price/ft²

$173

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2064 ft²

Average Home Age

37.6 years

Currently For Sale

379 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: Chelsea Pemberton, Sendero Properties, LLC
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20803802
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 721 Iberis Road South built and last sold?
The property at 721 Iberis Road South was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 721 Iberis Road South is $0.
What are some comparable homes to 721 Iberis Road South?
There are currently no comparable homes to 721 Iberis Road South.
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