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Jones 79536
8165 CR 516
$545,000
● House - Off Market

8165 CR 516

Merkel, TX 79536
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,182 Ft²
$641,166
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Immaculate home located on 9.68 acres. Lots of space within this open floor concept and a chef's dream kitchen. Kitchen has plentiful space for hosting a large party or just prep work for cooking. Stove has a pot filler, farm sink in kitchen, stainless steal appliances, and large walk in pantry. Also, for your convenience the home has some outlets that provide USB Chargers, 2 of the bathrooms have an extra heating system to keep you warm on those cold evenings. Mother in law concept gives ultimate privacy in the master bedroom that provides rain shower, custom closet, safe room, & washer & dryer within master closet. Out back you have a large covered porch over looking your crisp, clear swimming pool. Must see.
Unit Size
3,182 Ft²
Days on Market
-
Land Size
9.68 acres
Price per sqft
$181
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #14663899)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Sep 3, 2021 Listed by EXP REALTY $575,000
Listed by EXP REALTY

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Building Condition: 0
  • 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: 493
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 102,802
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,200
  • Building Area: 4,200
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,707
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUAIL COUNTRY SUB
  • Land Acres: 0000002360
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: A0011QC QUAIL COUNTRY (D T BRU CE), TRACT 102, ACRES 2.36 VL B 922-161961

Neighborhood

  • School District Name: Merkel Independent School District
  • Census Tract: 020500

Geography

  • Account Number: 111961-A00
  • Subdivision Tract Number: 102
  • Parcel: 53773
  • Municipality: MERKEL
  • Latitude: 32.5252
  • Longitude: -99.8884

    Address

  • Full Address: 8165 County Road 516
  • Address - House Number: 8165
  • Address - Street Name: County Road 516
  • State: TX
  • City Name: Merkel
  • Carrier Code: R003
  • 4-Digit Zip Code: 5670
  • Zip Code: 79536

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $692,304
  • Tax Rate Code Area: GJO SME

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 586,784
  • High Value: 654,812
  • Low Value: 518,756

    Market Valuation

  • Market Total Value: $491,360
  • Market Land Value: $20,060
  • Market Improvement Value: $471,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,360
  • Assessed Land Value: $20,060
  • Assessed Improvements Value: $471,300

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 05, 2018
  • Previous Sale Contract Date: Aug 24, 2018
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: ADJ
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 Jones

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$125

Below Asking

0.04%

Average Days on Market

78

Average Home Size

2219 ft²

Average Home Age

47.7 years

Currently For Sale

72 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: Sheridan Cruz, EXP REALTY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14663899
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 8165 County Rd 516 built and last sold?
The property at 8165 County Rd 516 was built in 2020 and last sold on Nov 5, 2021 for $545,000.
How much is this home worth?
The estimated value of the home located at 8165 County Rd 516 is $0.
What are some comparable homes to 8165 County Rd 516?
There are currently no comparable homes to 8165 County Rd 516.
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