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Cibolo 78108
224 SPICE OAK LANE
$183,000
● House - Off Market

224 SPICE OAK LANE

Cibolo, TX 78108
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,303 Ft²
$302,990
RealtyHop Estimate
68.80%
Since Oct 1, 2006
National-US
Primary Model

About This Property

Wow! Spacious one story three years young.  This home is beautiful inside and out.  9ft ceilings, multiple living areas, huge master suite and massive walk in closet.  Too many extras to name.  Water softner to stay.  Call Donna with any ?'s at .  Please verify schools and tax info.
Unit Size
2,303 Ft²
Days on Market
-
Land Size
-
Price per sqft
$78
Property Type
House
Property Taxes
$318
HOA Dues
$18
Year Built
2002

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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 #608670)

Price History

Date / Event Date Event Price
Sep 26, 2006 Sold
Premium
Sold
Aug 18, 2006 Listed by Drayton Realty, LLC $179,500
Listed by Drayton Realty, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 464
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 0
  • Location Influence Type: 85

    Dimensions

  • Lot Size Square Feet: 7,301
  • Total Building Area: 2,767
  • Gross Building Area: 2,917
  • Building Area: 2,303
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,303
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FALCON RIDGE UNIT #2
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: FALCON RIDGE UNIT #2 BLOCK 5 LOT 9 0.1676 AC

Neighborhood

  • School District Name: Schertz-Cibolo-Universal City Independent School District
  • Census Tract: 210716

Geography

  • Parcel: 1G0969-2005-00900-0-00
  • Block: 5
  • Lot: 9
  • Municipality: CIBOLO
  • Latitude: 29.5737
  • Longitude: -98.2501

    Address

  • Full Address: 224 Spice Oak Ln
  • Address - House Number: 224
  • Address - Street Name: Spice Oak
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Cibolo
  • Carrier Code: R005
  • 4-Digit Zip Code: 3253
  • Zip Code: 78108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $604,551
  • Tax Rate Code Area: SCS

    Appraisal Valuation

  • Standard Deviation: 0.2053
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 341,031
  • High Value: 411,049
  • Low Value: 271,013

    Market Valuation

  • Market Total Value: $378,266
  • Market Land Value: $54,159
  • Market Improvement Value: $324,107

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,882
  • Assessed Land Value: $54,159
  • Assessed Improvements Value: $324,107

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 26, 2006
  • Current Sale Recording Date: Sep 27, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 06-20370
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 Cibolo

Stats & Trends

Median Asking:

$340,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

77

Average Home Size

2488 ft²

Average Home Age

16.2 years

Currently For Sale

127 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: Donna Drayton, Drayton Realty, LLC
Last Updated: 5 months ago
Data Source: LERA, MLS# 608670
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 224 Spice Oak Lane built and last sold?
The property at 224 Spice Oak Lane was built in 2002 and last sold on Sep 26, 2006 for $183,000.
How much is this home worth?
The estimated value of the home located at 224 Spice Oak Lane is $188,497.
What are some comparable homes to 224 Spice Oak Lane?
There are currently no comparable homes to 224 Spice Oak Lane.
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