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Kerr 78028
220 Middle Rd
$240,000
● Land - Off Market

220 Middle Rd

Kerrville, TX 78028
bedrooms
Studio
bathrooms
0 Bath
$244,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Amazing potential with this 14-acre property! Electricity in place! A mere 20-minute drive from downtown Kerrville and features a small cabin nestled within its serene surroundings. Located in a peaceful enclave with minimal development and few neighbors, this property offers a unique sense of seclusion. Wildlife enthusiasts will delight in the regular visits from whitetail deer, axis deer, and turkey drawn to the seasonal creek.
Unit Size
-
Days on Market
-
Land Size
14.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
$67
HOA Dues
-
Year Built
-

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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 #1719416)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Sep 7, 2023 Listed by eXp Realty $244,000
Listed by eXp Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 641,203
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SPICER RCH 2
  • Land Acres: 0000014720
  • Standard Land Use Code: 8000
  • County Land Use Code: E4
  • Legal Description 1: SPICER RCH 2 LOT 102 ACRES 14.72

Neighborhood

  • School District Name: Kerrville Independent School District
  • School Tax School District: WHU
  • Census Tract: 960301

Geography

  • Account Number: 6342-0000-102000
  • Subdivision Tract Number: 102
  • Parcel: 37433
  • Lot: 102
  • Municipality: KERRVILLE
  • Latitude: 29.9933
  • Longitude: -99.2066

    Address

  • Full Address: 220 Middle Rd
  • Address - House Number: 220
  • Address - Street Name: Middle
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Kerrville
  • Carrier Code: R009
  • 4-Digit Zip Code: 8565
  • Zip Code: 78028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,276
  • Tax Rate Code Area: GKR RLT SK

    Market Valuation

  • Market Total Value: $61,824
  • Market Land Value: $61,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,824
  • Assessed Land Value: $61,824

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6826
  • Previous Sale Recording Date: May 19, 2006
  • Previous Sale Contract Date: May 18, 2006
  • Previous Sale Amount: $44,160
  • Previous Sale Document Type: 71
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 Kerr

Stats & Trends

Median Asking:

$389,500

Sale Price/ft²

$214

Below Asking

0.03%

Average Days on Market

76

Average Home Size

2416 ft²

Average Home Age

33.1 years

Currently For Sale

190 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: Somer Tinsley, eXp Realty
Last Updated: 5 months ago
Data Source: LERA, MLS# 1719416
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 220 Middle Road built and last sold?
The property at 220 Middle Road was built in and last sold on Nov 8, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 220 Middle Road is $252,500.
What are some comparable homes to 220 Middle Road?
There are currently no comparable homes to 220 Middle Road.
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