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Medina 78056
257 CR 2740
$190,000
● Land - Off Market

257 CR 2740

Mico, TX 78056
bedrooms
Studio
bathrooms
0 Bath
$198,260
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome to Bear Springs Ranch! This incredible opportunity to grab breathtaking Hill Country views won't last long. These 7.5 acres are located on a Cul-de-sac road and has the most beautiful view to build your custom home. One of the most enticing aspects of this remarkable property is the absence of city tax, ensuring you can make the most out of your investment. Don't miss out on owning your piece of serenity but still have easy access to modern amenities and city life!
Unit Size
-
Days on Market
-
Land Size
7.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$274
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: 4 months ago (LERA #1691130)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
May 27, 2023 Listed by Homestead & Ranch Real Estate $199,000
Listed by Homestead & Ranch Real Estate

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: 326,700
  • 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: R
  • Subdivision: BEAR SPRINGS RANCH SUBDIVISION
  • Land Acres: 0000007500
  • Standard Land Use Code: 1001
  • County Land Use Code: C1
  • Legal Description 1: BEAR SPRING RANCH UNIT 4 LOT 110

Neighborhood

  • School District Name: Medina Valley Independent School District
  • School Tax School District: RFM SMV
  • Census Tract: 000104

Geography

  • Account Number: 0S0230-00000-00110-59474
  • Parcel: 59474
  • Lot: 110
  • Municipality: MICO
  • Latitude: 29.5498
  • Longitude: -98.8552

    Address

  • Full Address: 257 County Road 2740
  • Address - House Number: 257
  • Address - Street Name: County Road 2740
  • State: TX
  • City Name: Mico
  • Carrier Code: H001
  • 4-Digit Zip Code: 5370
  • Zip Code: 78056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $271,958
  • Tax Rate Code Area: FED1 GME H

    Market Valuation

  • Market Total Value: $151,800
  • Market Land Value: $151,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,800
  • Assessed Land Value: $151,800

    Sales

  • Current Sale Contract Date: Oct 20, 2023
  • Current Sale Recording Date: Oct 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9297
  • Previous Sale Recording Date: Mar 07, 2006
  • Previous Sale Contract Date: Feb 24, 2006
  • Previous Sale Amount: $56,300
  • Previous Sale Document Type: 70
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 Medina

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2416 ft²

Average Home Age

14.7 years

Currently For Sale

523 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: Chelsea Schmidt, Homestead & Ranch Real Estate
Last Updated: 4 months ago
Data Source: LERA, MLS# 1691130
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 257 County Rd 2740 built and last sold?
The property at 257 County Rd 2740 was built in and last sold on Oct 20, 2023 for $199,500.
How much is this home worth?
The estimated value of the home located at 257 County Rd 2740 is $200,990.
What are some comparable homes to 257 County Rd 2740?
There are currently no comparable homes to 257 County Rd 2740.
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