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Kerr
1400 Elm Pass Rd
$440,000
● House - Off Market

1400 Elm Pass Rd

Center Point, TX 78010
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,023 Ft²
$2,461
Est. Monthly
3.08%
Cap Rate

About This Property

Come check out this Rustic Hill country 2 Bedroom 2.5 Bath home on 17.92 ag exempt acres. This one of a kind, unique, and diverse property makes for the perfect weekend getaway. Some of the features include a rock fireplace, two covered porches, several stained glass windows. Wood and tile flooring throughout. A 24 x 24 Garage/workshop with concrete floor, 2 RV hookups, Rainwater catchment system with 2,500 gallon and 1500 gallon holding tanks. Currently there is a simple suspended bridge which spans across the Lower Mason Creek ravine. The lower pasture is approx. 7 acres, the land is tillable, and perfect for horses or 4H projects.
Unit Size
1,023 Ft²
Days on Market
-
Land Size
17.92 acres
Price per sqft
$430
Property Type
House
Property Taxes
$300
HOA Dues
-
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 #1745916)

Price History

Date / Event Date Event Price
Mar 1, 2024 Sold
Premium
Sold
Jan 15, 2024 Listed by RE/MAX Kerrville $440,000
Listed by RE/MAX Kerrville

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 780,595
  • Lot Size Frontage Feet: 0
  • Total Building Area: 681
  • Gross Building Area: 1,719
  • Building Area: 681
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 681
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELM PASS 2
  • Land Acres: 0000017920
  • Standard Land Use Code: 1008
  • County Land Use Code: E1
  • Legal Description 1: ELM PASS 2 LOT 17 & 18 ACRES 17.92

Neighborhood

  • School District Name: Center Point Independent School District
  • School Tax School District: UGR WHU
  • Census Tract: 960800

Geography

  • Account Number: 3842-0000-017000
  • Parcel: 26328
  • Lot: 17
  • Municipality: CENTER POINT
  • Latitude: 29.8555
  • Longitude: -99.0412

    Address

  • Full Address: 1400 Elm Pass Rd
  • Address - House Number: 1400
  • Address - Street Name: Elm Pass
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Center Point
  • Carrier Code: H003
  • 4-Digit Zip Code: 5585
  • Zip Code: 78010

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $127,442
  • Tax Rate Code Area: FD3 GKR RL

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 475,042
  • High Value: 579,230
  • Low Value: 370,854

    Market Valuation

  • Market Total Value: $296,850
  • Market Land Value: $228,476
  • Market Improvement Value: $68,374

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $195,652
  • Assessed Land Value: $127,278
  • Assessed Improvements Value: $68,374

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1065
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 Kerr

Stats & Trends

Median Asking:

$389,250

Sale Price/ft²

$216

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2428 ft²

Average Home Age

30.5 years

Currently For Sale

188 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

Rentals Near You

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LERA

Listed by: Rebecca McFadden, RE/MAX Kerrville
Last Updated: 6 months ago
Data Source: LERA, MLS# 1745916
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 1400 Elm Pass Road built and last sold?
The property at 1400 Elm Pass Road was built in and last sold on Feb 29, 2024 for $497,420.
How much is this home worth?
The estimated value of the home located at 1400 Elm Pass Road is $440,360.
What are some comparable homes to 1400 Elm Pass Road?
There are currently no comparable homes to 1400 Elm Pass Road.
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