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Abilene 79606 Far Southside
7401 Olive Grove Avenue
$253,500
● House - Off Market

7401 Olive Grove Avenue

Abilene, TX 79606
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,637 Ft²
$256,974
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
Unit Size
1,637 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$155
Property Type
House
Property Taxes
$37
HOA Dues
-
Year Built
2021

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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 #20002371)

Price History

Date / Event Date Event Price
Apr 18, 2022 Sold
Premium
Sold
Feb 28, 2022 Listed by ACR-ANN CARR REALTORS $253,500
Listed by ACR-ANN CARR REALTORS

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 460
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,096
  • Gross Building Area: 2,096
  • Building Area: 1,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,636
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TUSCANY RIDGE ADDN SEC 3
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: TUSCANY RIDGE ADDN SEC 3, BLOCK A, LOT 12, ACRES .22

Neighborhood

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

Geography

  • Parcel: 1017898
  • Block: A
  • Lot: 12
  • Municipality: ABILENE
  • Latitude: 32.3604
  • Longitude: -99.7617

    Address

  • Full Address: 7401 Olive Grove Ave
  • Address - House Number: 7401
  • Address - Street Name: Olive Grove
  • Address - Suffix Type: Ave
  • State: TX
  • City Name: Abilene
  • Carrier Code: R016
  • 4-Digit Zip Code: 1290
  • Zip Code: 79606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $571,565
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SWY

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 69
  • Final Value: 280,573
  • High Value: 343,384
  • Low Value: 217,763

    Market Valuation

  • Market Total Value: $264,308
  • Market Land Value: $30,000
  • Market Improvement Value: $234,308

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,308
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $234,308

    Sales

  • Current Sale Contract Date: Apr 18, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7935
  • Previous Sale Recording Date: May 06, 2021
  • Previous Sale Contract Date: May 05, 2021
  • Previous Sale Amount: $226,300
  • Previous Sale Document Type: 70
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 Far Southside

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$192

Above Asking

0.00%

Average Days on Market

54

Average Home Size

2466 ft²

Average Home Age

9.8 years

Currently For Sale

27 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 3189 Chimney Circle, Abilene, TX, 79606

$1,895 /mo

  • 2 Beds
  • 2 Baths
  • 1,474 ft²
3189 Chimney Circle, Abilene, TX, 79606 Listing by Michael Powell

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Tina Aboutalebi, ACR-ANN CARR REALTORS
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20002371
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 7401 Olive Grove Avenue built and last sold?
The property at 7401 Olive Grove Avenue was built in 2021 and last sold on Apr 18, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 7401 Olive Grove Avenue is $0.
What are some comparable homes to 7401 Olive Grove Avenue?
There are currently no comparable homes to 7401 Olive Grove Avenue.
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