32
Map
1327 SPRINGWATER
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Apr 5, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by Levi Rodgers Real Estate Group | $265,000 | |
| Listed by Levi Rodgers Real Estate Group | |||
| Jan 7, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 7, 2024 | Listed by JB Goodwin, REALTORS | $270,000 | |
| Listed by JB Goodwin, REALTORS | |||
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This unique 1966-built home, constructed the same year as the completion of Canyon Lake Dam, has served as a beloved vacation retreat for four generations. Nestled across three lots totaling a bit over half an acre, the home sits on a gentle slope surrounded by mature live oaks and cedar trees. The first floor featuring concrete block walls and native limestone, while the upper level is clad in Texas Red Cedar siding.The ground floor offers a spacious two-car garage, a laundry room with a half bath and utility sink, and a bonus room that could easily be converted into a guest suite. A ramp from the driveway leads to the second level, where the main living quarters are located. The upper floor includes three bedrooms and a unique split-double vanity bathroom. An open family room with a beautiful stone fireplace and vaulted beamed ceilings connects to an open-concept kitchen. Glass doors on two sides open onto a wraparound deck, offering treetop views and abundant natural light, creating a perfect space for gatherings or relaxation. Enjoy access to a community swimming pool, clubhouse, park, and boat ramp. Additionally, the nearby Comal County Park provides access to two more boat ramps, swimming beaches, picnic areas, and BBQ facilities, making this home ideal for lake and river recreation.For those seeking even more space, three adjacent lots are available, allowing the option to create a sprawling private estate or add guest quarters. Located less than 40 minutes from San Antonio Airport and within an hour of popular Texas Hill Country destinations like Boerne, San Marcos, and Fredericksburg, this property combines vintage charm and endless potential, perfect for a destination retreat or full-time family residence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017