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Comal 78070
1061 Spring Branch
$300,000
● Mobile Manufactured - Off Market

1061 Spring Branch

Spring Branch, TX 78070
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$1,788
Est. Monthly

About This Property

Great Value. Spring Branch Texas with corner lot and great road frontage with 2 different access points. Beautiful home, level lot, mature oaks, deck, asphalt drive and shop. Comal ISD 5 minutes from HEB, restaurants and shopping. Quick trip to San Antonio, Boerne, New Braunfels or just a joy ride throughout the Texas Hill Country.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$226
Property Type
Mobile Manufactured
Property Taxes
$192
HOA Dues
-
Year Built
2005

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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 #1762733)

Price History

Date / Event Date Event Price
May 29, 2024 Sold
Premium
Sold
Mar 29, 2024 Listed by Keller Williams Heritage $325,000
Listed by Keller Williams Heritage

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 904
  • Parking Space Count: 3
  • Patio Type: 79
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 79,976
  • Total Building Area: 1,440
  • Gross Building Area: 1,512
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELM RIDGE ESTATES
  • Land Acres: 0000001836
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • State Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: ELM RIDGE ESTATES, LOT 1

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: FLC SCIS ZZZ
  • Census Tract: 310702

Geography

  • Assessors Map Reference: 383-B5
  • Parcel: 25639
  • Lot: 1
  • Municipality: SPRING BRANCH
  • Latitude: 29.8064
  • Longitude: -98.4659

    Address

  • Full Address: 1061 Spring Branch Rd
  • Address - House Number: 1061
  • Address - Street Name: Spring Branch
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Spring Branch
  • Carrier Code: R012
  • 4-Digit Zip Code: 3324
  • Zip Code: 78070

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $192,327
  • Tax Rate Code Area: ES5

    Appraisal Valuation

  • Standard Deviation: 0.1966
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 213,620
  • High Value: 255,619
  • Low Value: 171,620

    Market Valuation

  • Market Total Value: $155,860
  • Market Land Value: $85,600
  • Market Improvement Value: $70,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,580

    Exemptions

  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes
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 Comal

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$215

Above Asking

0.00%

Average Days on Market

91

Average Home Size

2419 ft²

Average Home Age

16.3 years

Currently For Sale

1806 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: Vance Cox, Keller Williams Heritage
Last Updated: 6 months ago
Data Source: LERA, MLS# 1762733
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 1061 Spring Branch Road built and last sold?
The property at 1061 Spring Branch Road was built in 2005 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1061 Spring Branch Road is $328,722.
What are some comparable homes to 1061 Spring Branch Road?
There are currently no comparable homes to 1061 Spring Branch Road.
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