216 CHERRY FALLS
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
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| Jun 17, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | Listed by Texas Hill Country Realty Co. | $348,000 | |
| Listed by Texas Hill Country Realty Co. | |||
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Welcome to the hill country at Falling Water Subdivision. This gorgeous tranquil land, 7.3 acres is ready for your new build dream home in the country, yet close to Comfort, Fredericksburg, Kerrville, Boerne and about 45 minutes to La Cantera Mall in San Antonio. Enjoy the Texas wine scene in Fredericksburg - explore shopping, antiquing, and restaurants. Your hometown community of Comfort is lined with shops, restaurants, coffee shops, historical hotel, and Guadalupe River. 216 Cherry Falls is ready to go with electricity and water- professionally manicured trees, which includes a 300 year old mature tree that serves as a canopy for the ultimate shady spot. Live North Creek adds to the character of this lot with cool water flowing through. Wildlife exemption neighborhood- Falling Water has the perfect country setting with hills and views which sets it apart as an outstanding gated community. Home is in the hill country-
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| Mar 27, 2019 | No longer available | - | |
| No longer available | |||
| Sep 4, 2018 | Listed | $150,000 | |
| Listed | |||
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7.3 acres in Falling Waters with a beautiful, clear, year round spring fed creek. Several building sites to choose from, and each offers great views. The clear water is stunning! Would be a good place to bring your horses! Community water system is provided by Aqua Texas.
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| Nov 22, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017