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Canyon Lake 78132
2038 PASSARE
$112,900
● Land - Off Market

2038 PASSARE

New Braunfels, TX 78132
bedrooms
Studio
bathrooms
0 Bath
square feet
49,223 Ft²
$142,875
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Your dream lot awaits! Tree-covered, elevated lot in Vintage Oaks Vineyard 9. Two large oaks perfectly frame a potential upper-shelf building site. Beautiful hill country views to the south/southeast with additional tree trimming/clearing. Recent, partial lot clearing shows possible building site. Short walk to Timber Ridge Park. Excellent neighborhood with resort-style amenities including: pools, lazy river, walking trails, sports courts, & 6,000 sqft fitness center.  Located west of New Braunfels with its great shopping & restaurants!
Unit Size
49,223 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$2
Property Type
Land
Property Taxes
$195
HOA Dues
$56
Year Built
2021

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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: 5 months ago (LERA #1507646)

Price History

Date / Event Date Event Price
Mar 5, 2021 Sold
Premium
Sold
Feb 2, 2021 Listed by Christian Brother, REALTORS $114,900
Listed by Christian Brother, REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 846
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0
  • Location Influence Type: 244

    Dimensions

  • Lot Size Square Feet: 49,223
  • Total Building Area: 3,925
  • Gross Building Area: 4,951
  • Building Area: 3,079
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,079
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VINTAGE OAKS AT THE VINEYARD 9
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: VINTAGE OAKS AT THE VINEYARD 9, LOT 1232

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: SCIS
  • Census Tract: 310901

Geography

  • Parcel: 391282
  • Lot: 1232
  • Municipality: NEW BRAUNFELS
  • Latitude: 29.8017
  • Longitude: -98.2734

    Address

  • Full Address: 2038 Passare
  • Address - House Number: 2038
  • Address - Street Name: Passare
  • State: TX
  • City Name: New Braunfels
  • Carrier Code: R039
  • 4-Digit Zip Code: 1856
  • Zip Code: 78132

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,384,733
  • Tax Rate Code Area: ES3

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 876,228
  • High Value: 1,084,859
  • Low Value: 667,597

    Market Valuation

  • Market Total Value: $928,550
  • Market Land Value: $177,680
  • Market Improvement Value: $750,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $928,550
  • Assessed Land Value: $177,680
  • Assessed Improvements Value: $750,870

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 202106012063
  • Previous Sale Recording Date: Oct 14, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Amount: $72,500
  • Previous Sale Document Type: 70
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 Canyon Lake

Stats & Trends

Median Asking:

$484,900

Sale Price/ft²

$238

Below Asking

0.04%

Average Days on Market

99

Average Home Size

2348 ft²

Average Home Age

18.6 years

Currently For Sale

635 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 1546 Escarpment, New Braunfels, TX, 78132

$2,850 /mo

  • 4 Beds
  • 3 Baths
  • 2,391 ft²
1546 Escarpment, New Braunfels, TX, 78132 Listing by Hudson McGreevy

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: John Spitzer, Christian Brother, REALTORS
Last Updated: 5 months ago
Data Source: LERA, MLS# 1507646
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 2038 Passare built and last sold?
The property at 2038 Passare was built in 2021 and last sold on Mar 5, 2021 for $112,900.
How much is this home worth?
The estimated value of the home located at 2038 Passare is $116,025.
What are some comparable homes to 2038 Passare?
There are currently no comparable homes to 2038 Passare.
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