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Kendall 78006 River Mountain Ranch
103 RIDGE PL
$140,000
● Land - Off Market

103 RIDGE PL

Boerne, TX 78006
bedrooms
Studio
bathrooms
0 Bath
$207,352
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Here is your chance to own almost 6 acres of BEAUTIFUL Texas hill country. This heavily wooded lot offers privacy, multiple build sites on a level lot, friendly architectural regulations, plenty of room for horses or cows, bow hunting on your own lot, swimming, kayaking and fishing in the two Guadalupe River private parks. All this and it's ONLY 15 minutes from downtown Boerne! Act fast because this beauty will be gone in no time!
Unit Size
-
Days on Market
-
Land Size
5.93 acres
Price per sqft
-
Property Type
Land
Property Taxes
$139
HOA Dues
$17
Year Built
2021

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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: 6 months ago (LERA #1443229)

Price History

Date / Event Date Event Price
Mar 26, 2020 Sold
Premium
Sold
Mar 4, 2020 Listed by AE Realty $145,000
Listed by AE Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 532
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 258,311
  • Total Building Area: 2,898
  • Gross Building Area: 3,118
  • Building Area: 2,366
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,366
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER MOUNTAIN RANCH
  • Land Acres: 0000005930
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: RIVER MOUNTAIN RANCH SECTION 1B LOT 152R, 5.93 ACRES SECTION 1B

Neighborhood

  • School District Name: Boerne Independent School District
  • Census Tract: 970403

Geography

  • Assessors Map Reference: 1-5642-12001520
  • Subdivision Tract Number: S156421
  • Parcel: 39374
  • Lot: 152R
  • Municipality: BOERNE
  • Latitude: 29.8881
  • Longitude: -98.6247

    Address

  • Full Address: 103 Ridge Pl
  • Address - House Number: 103
  • Address - Street Name: Ridge
  • Address - Suffix Type: Pl
  • State: TX
  • City Name: Boerne
  • Carrier Code: H076
  • 4-Digit Zip Code: 7880
  • Zip Code: 78006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $927,319
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: WCC

    Appraisal Valuation

  • Standard Deviation: 0.2424
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 66
  • Final Value: 776,359
  • High Value: 964,583
  • Low Value: 588,136

    Market Valuation

  • Market Total Value: $764,100
  • Market Land Value: $258,450
  • Market Improvement Value: $505,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $764,100
  • Assessed Land Value: $258,450
  • Assessed Improvements Value: $505,650

    Sales

  • Current Sale Contract Date: Mar 26, 2020
  • Current Sale Recording Date: Mar 26, 2020
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 340229
  • Previous Sale Recording Date: Mar 21, 2006
  • Previous Sale Contract Date: Mar 21, 2006
  • 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 River Mountain Ranch

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$294

Below Asking

0.05%

Average Days on Market

101

Average Home Size

3460 ft²

Average Home Age

16.7 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

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LERA

Listed by: Homer Patterson, AE Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1443229
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 Ridge Place Place built and last sold?
The property at 103 Ridge Place Place was built in 2021 and last sold on Mar 26, 2020 for $0.
How much is this home worth?
The estimated value of the home located at 103 Ridge Place Place is $146,450.
What are some comparable homes to 103 Ridge Place Place?
There are currently no comparable homes to 103 Ridge Place Place.
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