$120,000 Last Listed Price
●
Land -
Off Market
131 Springbok Trail
Lampasas, TX 76550
Studio
0 Bath
$138,692
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Great place to get away from the noise of the city in a quiet rural
subdivision in northern Burnet County just about equal distances
from Burnet and Lampasas. Location is perfectly private as it is
near the end of a cul-de-sac with no thru traffic. The land has a
gentle slope and is covered in oak trees to provide multiple
building sites with views of the surrounding terrain as well as the
native wildlife common to the area and the free roaming blackbuck
antelope that were introduced to freely range the property to
ensure the D1 Tax Exemption.
Unit Size
-
Days on Market
-
Land Size
5.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1
HOA Dues
-
Year Built
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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: 4 months ago (HAR #43062320)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2022 | No longer available | - | |
| No longer available | |||
| Mar 18, 2022 | In contract | - | |
| In contract | |||
| Feb 12, 2022 | Listed by Lori Haring Realty | $189,000 | |
| Listed by Lori Haring Realty | |||
| | |||
|
Welcome to the country! This large, flat and partially cleared lot will have you at first sight. The 5.25 acres backs up to other 5 acre tracts and a wildlife refuge that brings in Blackbuck and Springbok from Northern Africa ensure the D1 Tax Exemption. Located in a quiet cul-de-sac, this lot has over 50 live oak trees for you to gaze at. The underbrush has been cleared and there is a center lane for you to drive through and look at the land. There are three areas that would be perfect for building your dream home. This is a great place to get away from the noise of the city in a quiet rural subdivision. Hurry, this rare opportunity won't last long!
| |||
| Jul 14, 2021 | Sold | ||
| Sold | |||
| May 12, 2021 | Listed by Texas Ranch Brokers, LLC | $120,000 | |
| Listed by Texas Ranch Brokers, LLC | |||
| | |||
|
Great place to get away from the noise of the city in a quiet rural subdivision in northern Burnet County just about equal distances from Burnet and Lampasas. Location is perfectly private as it is near the end of a cul-de-sac with no thru traffic. The land has a gentle slope and is covered in oak trees to provide multiple building sites with views of the surrounding terrain as well as the native wildlife common to the area and the free roaming blackbuck antelope that were introduced to freely range the property to ensure the D1 Tax Exemption.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burnet
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Listed by: Michael Bacon, Texas Ranch Brokers, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 43062320
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Last Updated: 4 months ago
Data Source: HAR , MLS# 43062320
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