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Lakehills 78063
121 LACKEY DR
$37,000
● Land - Off Market

121 LACKEY DR

Pipe Creek, TX 78063
bedrooms
Studio
bathrooms
0 Bath
square feet
179,337 Ft²
$78,412
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Beautiful oak-studded property in gated Brushy Creek Ranch subdivision with over 4 fenced acres of level and partially cleared land.  Subdivision has secure access and also boasts lake access, boat ramp, park and trails.  Lot is nestled in the back of subdivision near end of a cul-de-sac.  Scenic hill country views are awarded from the rear of the property, while the remainder of the lot is filled with mature oak trees.  Come build your private retreat with plenty of room to roam.  RV shelter will convey.
Unit Size
179,337 Ft²
Days on Market
-
Land Size
4.12 acres
Price per sqft
$0
Property Type
Land
Property Taxes
$69
HOA Dues
$21
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 #1072329)

Price History

Date / Event Date Event Price
Mar 6, 2015 Sold
Premium
Sold
Aug 7, 2014 Listed by Keller Williams Heritage $42,900
Listed by Keller Williams Heritage

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: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 179,337
  • Total Building Area: 294
  • Building Area: 294
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 294
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRUSHY CREEK RANCH
  • Land Acres: 0000004117
  • Standard Land Use Code: 1015
  • County Land Use Code: A4
  • Legal Description 1: BRUSHY CREEK RANCH 5 LT 98 4.117 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000301

Geography

  • Account Number: 11850-00005-0980
  • Subdivision Tract Number: 11850
  • Parcel: 140035
  • Lot: 98
  • Municipality: PIPE CREEK
  • Latitude: 29.6155
  • Longitude: -98.963

    Address

  • Full Address: 121 Lackey Dr
  • Address - House Number: 121
  • Address - Street Name: Lackey
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Pipe Creek
  • Carrier Code: H003
  • 4-Digit Zip Code: 7077
  • Zip Code: 78063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $121,436
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.4206
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 15
  • Final Value: 58,679
  • High Value: 83,360
  • Low Value: 33,997

    Market Valuation

  • Market Total Value: $146,160
  • Market Land Value: $144,840
  • Market Improvement Value: $1,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,160
  • Assessed Land Value: $144,840
  • Assessed Improvements Value: $1,320

    Sales

  • Current Sale Contract Date: Mar 06, 2015
  • Current Sale Recording Date: Mar 11, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 207984
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 Lakehills

Stats & Trends

Median Asking:

$368,495

Sale Price/ft²

$213

Below Asking

0.05%

Average Days on Market

120

Average Home Size

2421 ft²

Average Home Age

31 years

Currently For Sale

82 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

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LERA

Listed by: Jennylee Crider, Keller Williams Heritage
Last Updated: 6 months ago
Data Source: LERA, MLS# 1072329
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 121 Lackey Drive built and last sold?
The property at 121 Lackey Drive was built in and last sold on Mar 6, 2015 for $37,000.
How much is this home worth?
The estimated value of the home located at 121 Lackey Drive is $42,913.
What are some comparable homes to 121 Lackey Drive?
There are currently no comparable homes to 121 Lackey Drive.
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