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Lakeshore Gardens-Hidden Acres 78368
24710 LUTHER RD/CR 325
$25,000
● Land - Off Market

24710 LUTHER RD/CR 325

Mathis, TX 78368
bedrooms
Studio
bathrooms
0 Bath
square feet
16,117 Ft²
$42,443
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

MUST SEE!!! Well built shop W/electricity ready for use as your own garage or welding shop 30X40 with large doors for RV/BOAT storage as well. Water well in place as well as septic already on site. Conveniently located very close to Lake Corpus Christi
Unit Size
16,117 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$2
Property Type
Land
Property Taxes
$21
HOA Dues
-
Year Built
1965

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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 #1294931)

Price History

Date / Event Date Event Price
Jun 27, 2018 Sold
Premium
Sold
Feb 24, 2018 Listed by Xsellence Realty $28,000
Listed by Xsellence Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 260
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,172
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,200
  • Building Area: 1,200

    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: R
  • Subdivision: LAKESHORE GARDENS UNIT II
  • Land Acres: 0000000371
  • Standard Land Use Code: 1008
  • County Land Use Code: E3R
  • State Land Use Code: E3R
  • Legal Description 1: LAKESHORE GARDENS UNIT II BLK 11 LOT 7

Neighborhood

  • School District Name: Mathis Independent School District
  • School Tax School District: MATHIS
  • Census Tract: 011300

Geography

  • Assessors Map Reference: MAP A-2
  • Parcel: 40700
  • Block: 11
  • Lot: 7
  • Municipality: MATHIS
  • Latitude: 28.1289
  • Longitude: -97.8624

    Address

  • Full Address: 24710 Luther Rd
  • Address - House Number: 24710
  • Address - Street Name: Luther
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Mathis
  • Zip Code: 78368

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $90,490
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: MUD RSP

    Appraisal Valuation

  • Standard Deviation: 0.2679
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 103,939
  • High Value: 131,786
  • Low Value: 76,092

    Market Valuation

  • Market Total Value: $54,731
  • Market Land Value: $30,889
  • Market Improvement Value: $23,842

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,731
  • Assessed Land Value: $30,889
  • Assessed Improvements Value: $23,842

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 730934
  • Previous Sale Recording Date: Jun 27, 2018
  • Previous Sale Contract Date: Jun 26, 2018
  • 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 Lakeshore Gardens-Hidden Acres

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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LERA

Listed by: Richard Hernandez, Xsellence Realty
Last Updated: 5 months ago
Data Source: LERA, MLS# 1294931
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 24710 Luther Rd / 325th Circle built and last sold?
The property at 24710 Luther Rd / 325th Circle was built in 1965 and last sold on Mar 9, 2023 for $93,100.
How much is this home worth?
The estimated value of the home located at 24710 Luther Rd / 325th Circle is $28,280.
What are some comparable homes to 24710 Luther Rd / 325th Circle?
There are currently no comparable homes to 24710 Luther Rd / 325th Circle.
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