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Payne Springs 75156
134 Armada Loop
$380,000
● House - Off Market

134 Armada Loop

Payne Springs, TX 75156
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,190 Ft²
$1,972
Est. Monthly
$8
HOA / Fees
7.90%
Cap Rate

About This Property

Perfect retreat for weekends or extended stays!   Lakefront vacation home , designed for relaxation and entertaining.  Featuring an open living concept with vaulted ceilings, a beautiful stone fireplace and expansive windows that capture breathtaking lake views.  The well appointed kitchen boasts granite countertops, an island prep center and tile flooring, making meal prep a delight.  Two oversized bedrooms share a spacious adjoining bathroom, while a convenient powder bath accommodates guests.  Step outside to enjoy the covered porch, perfect for morning coffee.  The peaceful cove location provides a serene setting, complemented by a boathouse and steel retaining wall for easy lake access.
Unit Size
1,190 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$336
Property Type
House
Property Taxes
-
HOA Dues
$8
Year Built
2010

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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: 2 years ago (NTREIS #20887106)

Price History

Date / Event Date Event Price
Apr 29, 2025 Sold
Premium
Sold
Apr 16, 2025 Relisted $399,900
Relisted
Apr 8, 2025 In contract -
In contract
Mar 31, 2025 Listed by KW-Cedar Creek Lake Properties $399,900
Listed by KW-Cedar Creek Lake Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2011
  • Building Count: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,153
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 640
  • Total Building Area: 1,190
  • Building Area: 1,190
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,190
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEL MAR (759)
  • Land Acres: 0000000164
  • Standard Land Use Code: 1015
  • County Land Use Code: A4
  • Legal Description 1: LT 344 AB 1060 M E RICHARDSON SUR, DEL MAR SUBD, LT 344

Neighborhood

  • School District Name: Mabank Independent School District
  • School Tax School District: TV
  • School Tax District Code 2: MABANK ISD
  • Census Tract: 950905

Geography

  • Assessors Map Reference: 26X
  • Account Number: R000040742
  • Parcel: 2590-0000-3440-58
  • Lot: 344
  • Municipality: CITY OF PAYNE SPRINGS
  • Latitude: 32.2812
  • Longitude: -96.1247

    Address

  • Full Address: 134 Armada Loop
  • Address - House Number: 134
  • Address - Street Name: Armada
  • Address - Suffix Type: Loop
  • State: TX
  • City Name: Mabank
  • Carrier Code: R006
  • 4-Digit Zip Code: 9160
  • Zip Code: 75156

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $583,762
  • Tax Rate Code Area: ES2,HC,HE,

    Appraisal Valuation

  • Standard Deviation: 0.4461
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 10
  • Final Value: 252,541
  • High Value: 365,224
  • Low Value: 139,857

    Market Valuation

  • Market Total Value: $351,470
  • Market Land Value: $144,000
  • Market Improvement Value: $207,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,470
  • Assessed Land Value: $144,000
  • Assessed Improvements Value: $207,470

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00017278
  • Previous Sale Recording Date: Apr 12, 2018
  • Previous Sale Contract Date: Apr 04, 2018
  • 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 Payne Springs

Stats & Trends

Median Asking:

$268,000

Sale Price/ft²

$172

Below Asking

0.09%

Average Days on Market

93

Average Home Size

1703 ft²

Average Home Age

29 years

Currently For Sale

13 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

Unit for rent at 102 Northwood Place, Enchanted Oaks, TX, 75156

$2,750 /mo

  • 3 Beds
  • 2 Baths
  • 2,000 ft²
102 Northwood Place, Enchanted Oaks, TX, 75156 Listing by Chainey Ramirez
Unit for rent at 2500 Wildwood Way, Tool, TX, 75143

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,342 ft²
2500 Wildwood Way, Tool, TX, 75143 Listing by Debbie French

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Todd Russell, KW-Cedar Creek Lake Properties
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20887106
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 134 Armada Loop built and last sold?
The property at 134 Armada Loop was built in 2010 and last sold on Oct 30, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 134 Armada Loop is $393,058.
What are some comparable homes to 134 Armada Loop?
There are currently no comparable homes to 134 Armada Loop.
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