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Zuehl 78124
120 PITTS LN
$65,000
● Land - Off Market

120 PITTS LN

Marion, TX 78124
bedrooms
Studio
bathrooms
0 Bath
$102,465
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Last chance Exceptional over 1 acre lot at ZUEHL AIRFIELD (1TE4) Gated community Ready to build Hangar/Home or both.  3000' lighted runway with 700' overruns on each end. City water, electric, phone available at the aiport, already have a base pad to build a 100 x 100 hangar and 40x120 home/garage. Right of interstate I10 just minutes from San Antonio, Schertz and Cibolo. Come and see your next life adventure!!
Unit Size
-
Days on Market
-
Land Size
1.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$29
HOA Dues
-
Year Built
2019

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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 #1366147)

Price History

Date / Event Date Event Price
Mar 13, 2019 Sold
Premium
Sold
Feb 24, 2019 Listed by RE/MAX Associates $68,500
Listed by RE/MAX Associates

Property Highlights

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • 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: 4
  • Garage Square Area: 900
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 44,866
  • Building Area: 44,866

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ZUEHL FLYING COMMUNITY P U D SUBD #1
  • Land Acres: 0000001000
  • Standard Land Use Code: 1006
  • County Land Use Code: A6
  • State Land Use Code: A6
  • Mobile Home Indicator: T
  • Legal Description 1: LOT: 94 BLK: 1 ZUEHL FLYING COMMUNITY 1.0300 AC.P U D SUB #1

Neighborhood

  • School District Name: Seguin Independent School District
  • Census Tract: 210804

Geography

  • Assessors Map Reference: 589-F3
  • Parcel: 1G3775-1001-09400-0-00
  • Block: 1
  • Lot: 94
  • Municipality: MARION
  • Latitude: 29.4935
  • Longitude: -98.1571

    Address

  • Full Address: 120 Pitts Ln
  • Address - House Number: 120
  • Address - Street Name: Pitts
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Marion
  • Carrier Code: R002
  • 4-Digit Zip Code: 6596
  • Zip Code: 78124

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $190,522
  • Tax Rate Code Area: MAS

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 338,634
  • High Value: 400,750
  • Low Value: 276,518

    Market Valuation

  • Market Total Value: $159,697
  • Market Land Value: $124,371
  • Market Improvement Value: $35,326

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,557
  • Assessed Land Value: $124,371
  • Assessed Improvements Value: $35,326

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 12, 2019
  • Current Sale Recording Date: Mar 15, 2019
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201999005529
  • Previous Sale Recording Date: Jun 12, 2017
  • Previous Sale Contract Date: Jun 12, 2017
  • Previous Sale Amount: $18,800
  • 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 Zuehl

Stats & Trends

Median Asking:

$239,999

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2037 ft²

Average Home Age

3.3 years

Currently For Sale

11 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: Brenda Vaughn, RE/MAX Associates
Last Updated: 5 months ago
Data Source: LERA, MLS# 1366147
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 120 Pitts Lane built and last sold?
The property at 120 Pitts Lane was built in 2019 and last sold on Mar 12, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 120 Pitts Lane is $69,185.
What are some comparable homes to 120 Pitts Lane?
There are currently no comparable homes to 120 Pitts Lane.
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