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Canyon Lake 78070 Comal Hills
2503 Puter Creek RD
$4,000
● Land - Off Market

2503 Puter Creek RD

Spring Branch, TX 78070
bedrooms
Studio
bathrooms
0 Bath
$13,011
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

HILL COUNTRY LOT WITH MATURE TREES, NEIGHBORHOOD POOL AND PLAYGROUND. WATER SYSTEM AVAILABLE. GREAT HILL COUNTRY AREA, EASY ACCESS TO HWY 281
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8
HOA Dues
$2
Year Built
2016

Payment Calculator

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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 #963172)

Price History

Date / Event Date Event Price
Jun 26, 2014 Sold
Premium
Sold
Aug 25, 2012 Listed by RE/MAX Associates $7,000
Listed by RE/MAX Associates

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 10
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,638
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,259
  • Gross Building Area: 1,339
  • Building Area: 1,259
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,259
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COMAL HILLS 1
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: COMAL HILLS 1, BLOCK 2, LOT 28

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: FLC SCIS ZZZ
  • Census Tract: 310610

Geography

  • Assessors Map Reference: AIR MAP: 3E
  • Parcel: 18051
  • Block: 2
  • Lot: 28
  • Municipality: SPRING RANCH
  • Latitude: 29.9325
  • Longitude: -98.4054

    Address

  • Full Address: 2503 Puter Creek Rd
  • Address - House Number: 2503
  • Address - Street Name: Puter Creek
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Spring Branch
  • Carrier Code: H002
  • 4-Digit Zip Code: 3347
  • Zip Code: 78070

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $282,393
  • Tax Rate Code Area: ES4

    Appraisal Valuation

  • Standard Deviation: 0.4437
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 11
  • Final Value: 216,504
  • High Value: 312,579
  • Low Value: 120,428

    Market Valuation

  • Market Total Value: $252,310
  • Market Land Value: $34,230
  • Market Improvement Value: $218,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,050

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 09, 2017
  • Current Sale Recording Date: Jan 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201706001355
  • Previous Sale Recording Date: Sep 19, 2016
  • Previous Sale Contract Date: Sep 19, 2016
  • 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 Comal Hills

Stats & Trends

Median Asking:

$282,450

Sale Price/ft²

$198

Below Asking

0.02%

Average Days on Market

78

Average Home Size

1461 ft²

Average Home Age

9.6 years

Currently For Sale

8 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: John Mayo, RE/MAX Associates
Last Updated: 5 months ago
Data Source: LERA, MLS# 963172
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 2503 Puter Creek Road built and last sold?
The property at 2503 Puter Creek Road was built in 2016 and last sold on Jan 9, 2017 for $172,900.
How much is this home worth?
The estimated value of the home located at 2503 Puter Creek Road is $7,070.
What are some comparable homes to 2503 Puter Creek Road?
There are currently no comparable homes to 2503 Puter Creek Road.
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