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La Vernia 78121
100 MICAH POINT RD
$42,000
● Land - Off Market

100 MICAH POINT RD

La Vernia, TX 78121
bedrooms
Studio
bathrooms
0 Bath
$87,710
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

1 of 7 4-plex lots in Micah Point Subdivision. Conveniently located near new HEB, schools & other retail businesses in heart of La Vernia just off Hwy 87 (aka Bluebonnet). Growing community w/ high demand for multi-family housing. All city utilities available. All 7 lots are available at $45,000 each. 2 established 4-plexes fully occupied with average rent of $1112.50/unit.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$0
HOA Dues
-
Year Built
-

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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: 5 months ago (LERA #991591)

Price History

Date / Event Date Event Price
Dec 17, 2025 Sold
Premium
Sold
Oct 7, 2025 In contract -
In contract
Sep 16, 2025 Listed by eXp Realty $78,500
Listed by eXp Realty
Excellent opportunity on a .28-acre lot with R-2 zoning, offering both residential and potential commercial or investor possibilities. Located within a subdivision, this level property features city views and is subject to use restrictions (no mobile or manufactured homes). With its prime location and versatile zoning, this lot provides endless potential for future development.
Jul 17, 2013 Sold
Premium
Sold
Mar 26, 2013 Listed by Tarpon Blue Real Estate $45,000
Listed by Tarpon Blue Real Estate

Property Highlights

Building Info

Overview

    General

  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,023
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MICAH POINT
  • Land Acres: 0000000276
  • Standard Land Use Code: 8002
  • County Land Use Code: C2
  • State Land Use Code: C2
  • Legal Description 1: MICAH POINT, LOT 2L, SEC 2, ACRES 0.276

Neighborhood

  • School District Name: La Vernia Independent School District
  • School Tax School District: LA VERNIA ISD
  • Census Tract: 000103

Geography

  • Parcel: 60767
  • Lot: 2L
  • Municipality: LA VERNIA
  • Latitude: 29.3507
  • Longitude: -98.1268

    Address

  • Full Address: 100 Micah Point Rd
  • Address - House Number: 100
  • Address - Street Name: Micah Point
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: La Vernia
  • Zip Code: 78121

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,158
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: GW SL CL H

    Market Valuation

  • Market Total Value: $37,030
  • Market Land Value: $37,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,030
  • Assessed Land Value: $37,030

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 13, 2021
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 115177
  • Previous Sale Recording Date: Feb 02, 2021
  • Previous Sale Contract Date: Jan 28, 2021
  • Previous Sale Amount: $36,000
  • 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 La Vernia

Stats & Trends

Median Asking:

$539,950

Sale Price/ft²

$239

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2123 ft²

Average Home Age

8.8 years

Currently For Sale

10 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

Currently no nearby rentals
LERA

Listed by: Andrea Smith, Tarpon Blue Real Estate
Last Updated: 5 months ago
Data Source: LERA, MLS# 991591
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 100 Micah Point built and last sold?
The property at 100 Micah Point was built in and last sold on Dec 10, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 100 Micah Point is $79,285.
What are some comparable homes to 100 Micah Point?
There are currently no comparable homes to 100 Micah Point.
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