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Burnet 78611
103 N River Oaks Dr
$95,000
● House - Off Market

103 N River Oaks Dr

Burnet, TX 78611
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,226 Ft²
$176,699
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Comfortable well-maintained, one-owner, custom 2/1.5/1 brick home on a nice corner lot. Cozy earth stove in living room, separate dining room, kitchen with pantry, comfy bedrooms, and an enclosed porch/sunroom. Large chain link-fenced yard, quaint storage building. Access to Lake LBJ through homeowner park with boat ramp, and fishing dock.
Unit Size
1,226 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$81
Property Type
House
Property Taxes
$102
HOA Dues
$13
Year Built
1978

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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 #1093553)

Price History

Date / Event Date Event Price
Jul 8, 2015 Sold
Premium
Sold
Jan 6, 2015 Listed by RE/MAX of Marble Falls $99,500
Listed by RE/MAX of Marble Falls

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,422
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,466
  • Gross Building Area: 1,466
  • Building Area: 1,226
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,226
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER OAKS
  • Land Acres: 0000000377
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: S7300 RIVER OAKS LOT 1 & 2

Neighborhood

  • School District Name: Burnet Consolidated Independent School District
  • Census Tract: 960401

Geography

  • Parcel: 36718
  • Lot: 1,2
  • Municipality: BURNET
  • Latitude: 30.7166
  • Longitude: -98.3944

    Address

  • Full Address: 103 N River Oaks Dr
  • Address - House Number: 103
  • Street Direction: N
  • Address - Street Name: River Oaks
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Burnet
  • Carrier Code: R002
  • 4-Digit Zip Code: 5540
  • Zip Code: 78611

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $178,197
  • Tax Rate Code Area: WCD

    Appraisal Valuation

  • Standard Deviation: 0.3157
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 36
  • Final Value: 96,799
  • High Value: 127,365
  • Low Value: 66,232

    Market Valuation

  • Market Total Value: $209,910
  • Market Land Value: $62,404
  • Market Improvement Value: $147,506

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,944

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2015
  • Current Sale Recording Date: Jul 08, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201505592
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 Burnet

Stats & Trends

Median Asking:

$409,750

Sale Price/ft²

$226

Below Asking

0.04%

Average Days on Market

101

Average Home Size

2243 ft²

Average Home Age

7 years

Currently For Sale

593 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 5304 Bedford St, Kingsland, TX, 78639

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,669 ft²
5304 Bedford St, Kingsland, TX, 78639 Listing by Eileen Depew
Unit for rent at 1557 County Road 119, Burnet, TX, 78611

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,560 ft²
1557 County Road 119, Burnet, TX, 78611 Listing by Kasey Mercurio

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Zina Rodenbeck, RE/MAX of Marble Falls
Last Updated: 5 months ago
Data Source: LERA, MLS# 1093553
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 103 North River Oaks Drive built and last sold?
The property at 103 North River Oaks Drive was built in 1978 and last sold on Jul 8, 2015 for $121,200.
How much is this home worth?
The estimated value of the home located at 103 North River Oaks Drive is $113,940.
What are some comparable homes to 103 North River Oaks Drive?
There are currently no comparable homes to 103 North River Oaks Drive.
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