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Gonzales 78629
0(116) Settlement Way
$125,000
● Land - Off Market

0(116) Settlement Way

Luling, TX 78648
bedrooms
Studio
bathrooms
0 Bath
$152,009
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

A short distance from San Antonio off I 10 you will find this wonderful escape from the hustle and bustle of city life.  On the main entrance to the community, there is a beautiful catch and release pond for your fishing pleasure. This lot is one of the few which has an on property pond that is stocked with fish and lends itself to a peaceful place for rest and relaxation.  It is a nice level lot with mature trees.  Being that it is ag exempt, you can take advantage of the low taxes and at the same time enjoy the views of deer and cows roaming the area. Take a ride and imagine your dream home on this lot!  You will not be disappointed!
Unit Size
-
Days on Market
-
Land Size
8.87 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2
HOA Dues
$30
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: 6 months ago (LERA #1497727)

Price History

Date / Event Date Event Price
Apr 2, 2021 Sold
Premium
Sold
Dec 2, 2020 Listed by Swisher + Martin Realty $125,000
Listed by Swisher + Martin Realty

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: 386,377
  • Lot Size Frontage Feet: 0
  • 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: A
  • Subdivision: THE SETTLEMENT PATRIOT RANCHE
  • Land Acres: 0000008870
  • Standard Land Use Code: 7000
  • County Land Use Code: D1
  • Legal Description 1: LOT 116 THE SETTLEMENT PATRIOT RANCHES UNIT ONE 401 SAMUEL ROBBINS

Neighborhood

  • School District Name: Gonzales Independent School District
  • Census Tract: 960701

Geography

  • Account Number: 94011-11600-00000-000000
  • Parcel: 24042
  • Lot: 116
  • Municipality: LULING
  • Latitude: 29.6003
  • Longitude: -97.6505

    Address

  • Full Address: 116 Settlement Way
  • Address - House Number: 116
  • Address - Street Name: Settlement
  • Address - Suffix Type: Way
  • State: TX
  • City Name: Luling
  • Zip Code: 78648

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,131
  • Tax Rate Code Area: 89 31 60 6

    Market Valuation

  • Market Total Value: $62,090
  • Market Land Value: $62,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $770

    Sales

  • Current Sale Contract Date: Mar 30, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 21308091
  • Previous Sale Recording Date: Dec 21, 2005
  • Previous Sale Contract Date: Dec 08, 2005
  • Previous Sale Amount: $62,500
  • Previous Sale Document Type: 68
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 Gonzales

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$167

Below Asking

0.03%

Average Days on Market

85

Average Home Size

1891 ft²

Average Home Age

51.6 years

Currently For Sale

63 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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LERA

Listed by: Dawn Campbell, Swisher + Martin Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1497727
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 Settlement Way built and last sold?
The property at 116 Settlement Way was built in and last sold on Mar 30, 2021 for $131,300.
How much is this home worth?
The estimated value of the home located at 116 Settlement Way is $126,250.
What are some comparable homes to 116 Settlement Way?
There are currently no comparable homes to 116 Settlement Way.
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