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Bandera 78003
181 Ranch Circle
$294,325
● House - Off Market

181 Ranch Circle

Bandera, TX 78003
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,364 Ft²
$548,336
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

Here is a beautifully updated one story 3-2 ranch style home with views of the hill country off the back deck.  The house is designed with an open floor plan.  The living room features a vaulted pine ceiling with a masonry wood burning fire place.  The updated open kitchen allows entertaining room for large friends and family gatherings.The kitchen features white appliances, butler's pantry, tile counter tops.The outside areas of the property feature three buildings and a garden area.
Unit Size
2,364 Ft²
Days on Market
-
Land Size
3.50 acres
Price per sqft
$127
Property Type
House
Property Taxes
$325
HOA Dues
$25
Year Built
1997

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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 #1086341)

Price History

Date / Event Date Event Price
Mar 31, 2015 Sold
Premium
Sold
Nov 5, 2014 Listed by Groff Properties $299,999
Listed by Groff Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 3
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 152,242
  • Total Building Area: 2,266
  • Building Area: 2,266
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,266
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BANDERA RIVER RANCH
  • Land Acres: 0000003495
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: BANDERA RIVER RANCH 1 BLK 4 LT 22-23 3.495 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000101

Geography

  • Account Number: 11701-00004-0230
  • Parcel: 150670
  • Block: 4
  • Lot: 22-23
  • Municipality: BANDERA
  • Latitude: 29.7395
  • Longitude: -99.0081

    Address

  • Full Address: 181 Ranch Cir
  • Address - House Number: 181
  • Address - Street Name: Ranch
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Bandera
  • Carrier Code: H002
  • 4-Digit Zip Code: 4098
  • Zip Code: 78003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $385,962
  • Tax Rate Code Area: B, BC, BS,

    Appraisal Valuation

  • Standard Deviation: 0.255
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 391,063
  • High Value: 490,792
  • Low Value: 291,335

    Market Valuation

  • Market Total Value: $422,210
  • Market Land Value: $125,800
  • Market Improvement Value: $296,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,210
  • Assessed Land Value: $125,800
  • Assessed Improvements Value: $296,410

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2015
  • Current Sale Recording Date: Mar 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 208269
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 Bandera

Stats & Trends

Median Asking:

$435,000

Sale Price/ft²

$242

Below Asking

0.04%

Average Days on Market

94

Average Home Size

2260 ft²

Average Home Age

24 years

Currently For Sale

244 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

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LERA

Listed by: R Shawn Groff, Groff Properties
Last Updated: 6 months ago
Data Source: LERA, MLS# 1086341
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 181 Ranch Circle built and last sold?
The property at 181 Ranch Circle was built in 1997 and last sold on Mar 30, 2015 for $275,900.
How much is this home worth?
The estimated value of the home located at 181 Ranch Circle is $314,360.
What are some comparable homes to 181 Ranch Circle?
There are currently no comparable homes to 181 Ranch Circle.
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