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Bandera 78063
271 MADRONA RD
$179,900
● House - Off Market

271 MADRONA RD

Pipe Creek, TX 78063
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$397,423
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

Amazing home in EXCELLENT condition!  Well maintained with original charm.  Vaulted ceiling in living room with wood beams.  Open kitchen to living room.  Breezeway converted to game room and garage converted to shop.  Two car ports, one with 2 storage sheds.  4 park like acres backs up to creek.  Private well and roof under 6 years old.   Please take the time to see this one!
Unit Size
1,512 Ft²
Days on Market
-
Land Size
4.04 acres
Price per sqft
$119
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1950

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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 #839761)

Price History

Date / Event Date Event Price
Nov 5, 2010 Sold
Premium
Sold
May 29, 2010 Listed by Homecity Real Estate $179,900
Listed by Homecity Real Estate

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 154
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 176,200
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FREEDOM SPRINGS RANCH
  • Land Acres: 0000004045
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: FREEDOM SPRINGS RANCH LT 36 PT 4.045 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000302

Geography

  • Account Number: 13000-00000-0360
  • Parcel: 171788
  • Lot: 36 PT
  • Municipality: PIPE CREEK
  • Latitude: 29.7129
  • Longitude: -98.8633

    Address

  • Full Address: 271 Madrona Rd
  • Address - House Number: 271
  • Address - Street Name: Madrona
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Pipe Creek
  • Carrier Code: H005
  • 4-Digit Zip Code: 5433
  • Zip Code: 78063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $522,813
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.2362
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 67
  • Final Value: 360,564
  • High Value: 445,758
  • Low Value: 275,370

    Market Valuation

  • Market Total Value: $379,620
  • Market Land Value: $201,250
  • Market Improvement Value: $178,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $379,620
  • Assessed Land Value: $201,250
  • Assessed Improvements Value: $178,370

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 17, 2020
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 236448
  • Previous Sale Recording Date: Nov 09, 2010
  • Previous Sale Contract Date: Nov 05, 2010
  • Previous Sale Amount: $206,800
  • 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 Bandera

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$245

Below Asking

0.04%

Average Days on Market

94

Average Home Size

2235 ft²

Average Home Age

22.1 years

Currently For Sale

249 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: Lane McCullough, Homecity Real Estate
Last Updated: 4 months ago
Data Source: LERA, MLS# 839761
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 271 Madrona Road built and last sold?
The property at 271 Madrona Road was built in 1950 and last sold on Apr 17, 2020 for $232,400.
How much is this home worth?
The estimated value of the home located at 271 Madrona Road is $192,802.
What are some comparable homes to 271 Madrona Road?
There are currently no comparable homes to 271 Madrona Road.
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