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Lake Medina Shores 78003
281 Frontier Dr
$47,500
● Mobile Manufactured - Off Market

281 Frontier Dr

Bandera, TX 78003
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,216 Ft²
$88,582
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

vey nice single wide well taken care of great street quiet street close to lake.  beautiful landscaping.boat launch 1 mile with a hoa with pool and rec area..  great stoarge building for workshop..
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$40
Property Type
Mobile Manufactured
Property Taxes
$37
HOA Dues
-
Year Built
1996

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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: 6 months ago (LERA #1013261)

Price History

Date / Event Date Event Price
Apr 3, 2015 Sold
Premium
Sold
Jul 28, 2013 Listed by Groff Properties $49,000
Listed by Groff Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,839
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE MEDINA SHORES
  • Land Acres: 0000000157
  • Standard Land Use Code: 1006
  • County Land Use Code: A2
  • Mobile Home Indicator: T
  • Legal Description 1: LAKE MEDINA SHORES F LT 29 0.157 ACRES *PFS0398943*

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: LS, SPC, SW
  • Census Tract: 000301

Geography

  • Account Number: 14550-06000-0290
  • Section: F
  • Parcel: 152871
  • Lot: 29
  • Municipality: BANDERA
  • Latitude: 29.6359
  • Longitude: -98.9848

    Address

  • Full Address: 281 Frontier Dr
  • Address - House Number: 281
  • Address - Street Name: Frontier
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Bandera
  • Carrier Code: H008
  • 4-Digit Zip Code: 4260
  • Zip Code: 78003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,838
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.4206
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 15
  • Final Value: 48,874
  • High Value: 69,431
  • Low Value: 28,316

    Market Valuation

  • Market Total Value: $80,390
  • Market Land Value: $22,300
  • Market Improvement Value: $58,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,390
  • Assessed Land Value: $22,300
  • Assessed Improvements Value: $58,090

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2015
  • Current Sale Recording Date: Apr 06, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 208379
  • Previous Sale Recording Date: Jul 12, 2011
  • Previous Sale Contract Date: Jul 12, 2011
  • Previous Sale Amount: $47,000
  • 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 Lake Medina Shores

Stats & Trends

Median Asking:

$199,950

Sale Price/ft²

$242

Below Asking

0.06%

Average Days on Market

79

Average Home Size

1159 ft²

Average Home Age

28.8 years

Currently For Sale

22 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

Unit for rent at 241 Brushy Creek Trail, Bandera, TX, 78003

$1,550 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
241 Brushy Creek Trail, Bandera, TX, 78003 Listing by Ilda Kocmick

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: R Shawn Groff, Groff Properties
Last Updated: 6 months ago
Data Source: LERA, MLS# 1013261
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 281 Frontier Drive built and last sold?
The property at 281 Frontier Drive was built in 1996 and last sold on Mar 31, 2015 for $41,600.
How much is this home worth?
The estimated value of the home located at 281 Frontier Drive is $57,769.
What are some comparable homes to 281 Frontier Drive?
There are currently no comparable homes to 281 Frontier Drive.
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