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Kerrville 78028
1816 Summit Spur
$25,731
● Land - Off Market

1816 Summit Spur

Kerrville, TX 78028
bedrooms
Studio
bathrooms
0 Bath
square feet
10,814 Ft²
$69,204
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

HOA Info & School Taxes To Follow * Bidding Procedures & Contract Addenda Can Be Obtained At www.bidselect.com * Registration Is Free * Bid Results Will Be Sent To The E-Mail Address Provided At Registration * Restrictions & Utilities Should Be Confirmed By Buyer Prior To Bid Submission
Unit Size
10,814 Ft²
Days on Market
-
Land Size
-
Price per sqft
$4
Property Type
Land
Property Taxes
$25
HOA Dues
-
Year Built
2014

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 (LERA #630867)

Price History

Date / Event Date Event Price
Aug 21, 2007 Sold
Premium
Sold
Sep 12, 2006 Listed by Century 21 United - A Epstein $39,900
Listed by Century 21 United - A Epstein

Property Highlights

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,139
  • Gross Building Area: 4,371
  • Building Area: 2,139
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,139
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT PH TWELVE
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SUMMIT PH TWELVE BLK 7 LOT 22 ACRES .25

Neighborhood

  • School District Name: Kerrville Independent School District
  • School Tax School District: UGR WHU
  • Census Tract: 960102

Geography

  • Account Number: 6408-0070-002200
  • Parcel: 69499
  • Block: 7
  • Lot: 22
  • Municipality: KERRVILLE
  • Latitude: 30.0595
  • Longitude: -99.1102

    Address

  • Full Address: 1816 Summit Spur
  • Address - House Number: 1816
  • Address - Street Name: Summit
  • Address - Suffix Type: Spur
  • State: TX
  • City Name: Kerrville
  • Carrier Code: H006
  • 4-Digit Zip Code: 8977
  • Zip Code: 78028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $749,451
  • Tax Rate Code Area: CKV GKR RL

    Appraisal Valuation

  • Standard Deviation: 0.2608
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 487,281
  • High Value: 614,382
  • Low Value: 360,181

    Market Valuation

  • Market Total Value: $449,117
  • Market Land Value: $35,000
  • Market Improvement Value: $414,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,117
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $414,117

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 14, 2017
  • Current Sale Recording Date: Feb 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 17-001155
  • Previous Sale Recording Date: Aug 22, 2007
  • Previous Sale Contract Date: Aug 22, 2007
  • Previous Sale Document Type: 68
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 Kerrville

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$204

Below Asking

0.03%

Average Days on Market

70

Average Home Size

2028 ft²

Average Home Age

38.5 years

Currently For Sale

92 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 515 Roy St, TX, 78028

$696 /mo

  • 1 Bed
  • 1 Bath
515 Roy St, TX, 78028 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Abie Epstein, Century 21 United - A Epstein
Last Updated: 4 months ago
Data Source: LERA, MLS# 630867
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 1816 Summit Spur built and last sold?
The property at 1816 Summit Spur was built in 2014 and last sold on Jan 14, 2017 for $358,800.
How much is this home worth?
The estimated value of the home located at 1816 Summit Spur is $40,299.
What are some comparable homes to 1816 Summit Spur?
There are currently no comparable homes to 1816 Summit Spur.
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