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Boerne 78006 Boerne Crossing
205 MICHELLE LANE
$188,000
● House - Off Market

205 MICHELLE LANE

Boerne, TX 78006
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,732 Ft²
$360,029
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

THREE YEAR OLD HOME IN PRESTIGIOUS BOERNE HEIGHTS. UPGRADED CEILING FANS AND LIGHT FIXTURES. MATURE TREES. FLAGSTONE PATIO THAT IS ONE HALF COVERED. HOMES IN THIS SUBDIVISION DONT STAY ON THE MARKET LONG.  SHOW YOUR CLIENTS AND WRITE OFFER. SPRINKLER SYSTEN IN FRONT AND BACK YARD. PRIVACY FENCE. BACKS UP TO A HORSE FARM  STORAGE BUILDING IN BACK YARD
Unit Size
1,732 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$111
Property Type
House
Property Taxes
$296
HOA Dues
$150
Year Built
2004

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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: 5 months ago (LERA #716396)

Price History

Date / Event Date Event Price
May 30, 2008 Sold
Premium
Sold
Apr 23, 2008 Listed by American Star Company, REALTORS $193,000
Listed by American Star Company, REALTORS

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 2,116
  • Gross Building Area: 2,288
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOERNE CROSSING
  • Land Acres: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: BOERNE CROSSING PHASE 2 BLK 1 LOT 34, .18 ACRES PHASE 2

Neighborhood

  • School District Name: Boerne Independent School District
  • Census Tract: 970405

Geography

  • Assessors Map Reference: 1-5064-20010340
  • Subdivision Tract Number: S150641
  • Parcel: 47920
  • Block: 1
  • Lot: 34
  • Municipality: BOERNE
  • Latitude: 29.7518
  • Longitude: -98.7103

    Address

  • Full Address: 205 Michelle Ln
  • Address - House Number: 205
  • Address - Street Name: Michelle
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Boerne
  • Carrier Code: H003
  • 4-Digit Zip Code: 8624
  • Zip Code: 78006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $634,738
  • Tax Rate Code Area: WCC

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 65
  • Final Value: 395,034
  • High Value: 492,585
  • Low Value: 297,484

    Market Valuation

  • Market Total Value: $360,270
  • Market Land Value: $131,000
  • Market Improvement Value: $229,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,270
  • Assessed Land Value: $131,000
  • Assessed Improvements Value: $229,270

    Sales

  • Current Sale Contract Date: Nov 06, 2017
  • Current Sale Recording Date: Nov 08, 2017
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 316564
  • Previous Sale Recording Date: May 30, 2008
  • Previous Sale Contract Date: May 30, 2008
  • Previous Sale Amount: $185,600
  • 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 Boerne Crossing

Stats & Trends

Median Asking:

$348,720

Sale Price/ft²

$172

Below Asking

0.03%

Average Days on Market

47

Average Home Size

1509 ft²

Average Home Age

22.5 years

Currently For Sale

2 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: Vikki Smith, American Star Company, REALTORS
Last Updated: 5 months ago
Data Source: LERA, MLS# 716396
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 205 Michelle Lane built and last sold?
The property at 205 Michelle Lane was built in 2004 and last sold on Nov 6, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 205 Michelle Lane is $205,108.
What are some comparable homes to 205 Michelle Lane?
There are currently no comparable homes to 205 Michelle Lane.
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