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Graham 76450
729 Cherry Street
$160,000
● House - Off Market

729 Cherry Street

Graham, TX 76450
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,092 Ft²
$832
Est. Monthly
11.31%
Cap Rate

About This Property

2 bedroom brick home located on Lot 50 X 200 (YCAD) and also includes guest house, additional Lot 50 x 130 (YCAD) and a large shop - Shop has electricity and large overhead door - Home has new floor covering throughout - 1 bath - 1 car garage (35 x 10) with opener - Central air and central heat(gas) - Gas water heater - Guest house has be upgraded and includes refrigerator, electric cookstove and built-in microwave - Mini-split heating and cooling system - Additional parking in rear along with carport - Fenced yard - This property has the potential for an investor for rental income.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$136
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1950

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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: 2 years ago (NTREIS #20820389)

Price History

Date / Event Date Event Price
Feb 26, 2025 Sold
Premium
Sold
Jan 23, 2025 In contract -
In contract
Jan 17, 2025 Listed by Martin Real Estate $149,000
Listed by Martin Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Building Condition: 2
  • 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: 1
  • Garage Square Area: 414
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,092
  • Gross Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: ORIGINAL/GRAHAM - BLK 19, LOT 2

Neighborhood

  • School District Name: Graham Independent School District
  • School Tax School District: YCO
  • Census Tract: 950500

Geography

  • Parcel: 11596
  • Block: 19
  • Lot: 2
  • Municipality: GRAHAM
  • Latitude: 33.1025
  • Longitude: -98.5876

    Address

  • Full Address: 729 Cherry St
  • Address - House Number: 729
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: TX
  • City Name: Graham
  • Carrier Code: C003
  • 4-Digit Zip Code: 3131
  • Zip Code: 76450

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $151,754
  • Tax Rate Code Area: CG GH GISD

    Appraisal Valuation

  • Standard Deviation: 0.4395
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 12
  • Final Value: 82,144
  • High Value: 118,252
  • Low Value: 46,035

    Market Valuation

  • Market Total Value: $59,280
  • Market Land Value: $16,680
  • Market Improvement Value: $42,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,280
  • Assessed Land Value: $16,680
  • Assessed Improvements Value: $42,600

    Sales

  • Current Sale Contract Date: Jun 16, 2008
  • Current Sale Recording Date: Jun 20, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2008-2264
  • Previous Sale Recording Date: Sep 21, 2007
  • Previous Sale Contract Date: Sep 19, 2007
  • Previous Sale Amount: $78,100
  • 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 Graham

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$149

Below Asking

0.04%

Average Days on Market

93

Average Home Size

1951 ft²

Average Home Age

54.1 years

Currently For Sale

42 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

Rentals Near You

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NTREIS

Listed by: Debbie Martin, Martin Real Estate
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20820389
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 729 Cherry Street built and last sold?
The property at 729 Cherry Street was built in 1950 and last sold on Jun 16, 2008 for $71,300.
How much is this home worth?
The estimated value of the home located at 729 Cherry Street is $0.
What are some comparable homes to 729 Cherry Street?
There are currently no comparable homes to 729 Cherry Street.
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