$482,900
●
House -
Off Market
237 Cove Creek DR
Spicewood, TX 78669
3 Beds
2 Baths
1,644 Ft²
$2,716
Est. Monthly
$70
HOA / Fees
5.84%
Cap Rate
About This Property
Affordable home in the lakeside community of Ridge Harbor!
Formal dining room opens into living area with wood-burning
fireplace. Kitchen has granite countertops, built-in
range/microwave and dishwasher. Separate laundry room.
In-law plan. Primary suite has walk-in closet and
jetted tub. Fenced backyard and patio. Large front
patio with views of Lake Travis and the Hill Country. Ridge
Harbor amenities include a pool, pavilion, boat ramp, tennis and
pickleball courts, playground area, waterfront park with tables and
grills, plus a marina where boat slips can be purchased or leased.
It is only 20 minutes to the Hill Country Galleria in Bee
Cave or to Marble Falls. There are several vineyards and a
distillery nearby and don't forget Krause Springs for a picnic and
swimming. Life is good in Spicewood!
Unit Size
1,644 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$294
Property Type
House
Property Taxes
$274
HOA Dues
$70
Year Built
1996
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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: 3 years ago (Unlock MLS #ACT6119708)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Apr 5, 2024 | Listed by Texas Hills and Lakes RE | $482,900 | |
| Listed by Texas Hills and Lakes RE | |||
| Feb 27, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Aug 24, 2023 | Listed by Texas Hills and Lakes RE | $482,900 | |
| Listed by Texas Hills and Lakes RE | |||
| | |||
|
Affordable home in the lakeside community of Ridge Harbor! Open living/dining/kitchen with fireplace. Primary suite has a walk-in closet, and jetted tub. Two car garage, fenced private back yard, patio and a view of Lake Travis and the Hill Country. Community amenities include a pool, pavilion, boat ramp, tennis and pickle ball courts, playground area, waterfront park with tables and grills. There is also a marina where boat slips can be purchased or leased. Only 20 minutes to the Hill Country Galleria in Bee Cave or to Marble Falls. There are several vineyards and a distillery in the area to enjoy and explore. Come live in Spicewood!
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burnet
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Listed by: Deborah Carrington
Listed Office: Texas Hills and Lakes RE - Listing courtesy of Unlock MLS
Phone: (830) 693-5683
Last Updated: 2024-07-04 18:03:56
Data Source: Unlock MLS, MLS# ACT6119708
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Texas Hills and Lakes RE - Listing courtesy of Unlock MLS
Phone: (830) 693-5683
Last Updated: 2024-07-04 18:03:56
Data Source: Unlock MLS, MLS# ACT6119708
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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