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Atascosa 78069
116 OAKRIDGE
$62,000
● Land - Off Market

116 OAKRIDGE

Somerset, TX 78069
bedrooms
Studio
bathrooms
0 Bath
$176,801
RealtyHop Estimate
108.00%
Since Jan 1, 2009
National-US
Primary Model

About This Property

Very nice and quite 6 acres with many large oak trees.  Land is fenced and crossfenced.  Small stock tank, 350' well(unknown condition) and Benton City water available.  Includes 18' x 120' cement floored barn or storage room and horse pens.  Mobile home is 1120 square feet is sold as is and needs work.
Unit Size
-
Days on Market
-
Land Size
6.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #744269)

Price History

Date / Event Date Event Price
Dec 1, 2008 Sold
Premium
Sold
Sep 18, 2008 Listed by Lone Star, REALTORS $85,000
Listed by Lone Star, REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 265,280
  • Total Building Area: 1,216
  • Gross Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK RIDGE ACRES UNIT 1
  • Land Acres: 0000006090
  • Standard Land Use Code: 1109
  • County Land Use Code: A4
  • Legal Description 1: OAK RIDGE ACRES UNIT 1 LOT 5 6.09 HUD# TEX0105027

Neighborhood

  • School District Name: Somerset Independent School District
  • Census Tract: 960205

Geography

  • Account Number: 02720-01-001-000500
  • Subdivision Tract Number: 5
  • Parcel: R27019
  • Lot: 5
  • Municipality: SOMERSET
  • Latitude: 29.1548
  • Longitude: -98.6553

    Address

  • Full Address: 116 Oak Rdg
  • Address - House Number: 116
  • Address - Street Name: Oak
  • Address - Suffix Type: Rdg
  • State: TX
  • City Name: Somerset
  • Carrier Code: R301
  • 4-Digit Zip Code: 4101
  • Zip Code: 78069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $443,960
  • Tax Rate Code Area: FMLR GAT S

    Appraisal Valuation

  • Standard Deviation: 0.4091
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 105,129
  • High Value: 148,138
  • Low Value: 62,119

    Market Valuation

  • Market Total Value: $175,380
  • Market Land Value: $109,620
  • Market Improvement Value: $65,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $175,380
  • Assessed Land Value: $109,620
  • Assessed Improvements Value: $65,760

    Sales

  • Current Sale Contract Date: Feb 16, 2009
  • Current Sale Recording Date: Feb 19, 2009
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 103940
  • Previous Sale Recording Date: Dec 01, 2008
  • Previous Sale Contract Date: Nov 21, 2008
  • Previous Sale Amount: $61,900
  • 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 Atascosa

Stats & Trends

Median Asking:

$293,400

Sale Price/ft²

$172

Below Asking

0.04%

Average Days on Market

93

Average Home Size

1810 ft²

Average Home Age

28.4 years

Currently For Sale

247 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: William Havins, Lone Star, REALTORS
Last Updated: 5 months ago
Data Source: LERA, MLS# 744269
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 116 Oak Ridge Drive built and last sold?
The property at 116 Oak Ridge Drive was built in 1980 and last sold on Feb 16, 2009 for $0.
How much is this home worth?
The estimated value of the home located at 116 Oak Ridge Drive is $85,850.
What are some comparable homes to 116 Oak Ridge Drive?
There are currently no comparable homes to 116 Oak Ridge Drive.
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