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Comal 78163 Saddleridge
2822 Split Rock Circle
$57,000
● Land - Off Market

2822 Split Rock Circle

Bulverde, TX 78163
bedrooms
Studio
bathrooms
0 Bath
square feet
96,703 Ft²
$115,713
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Best kept secret of the Hill Country is Saddleridge.  It is a gated acreage community. The homes in the neighborhood are very impressive. This lot is easy to find stay on the main street Saddleridge.  Go straight it will turn into Split Rock Circle. The yard sign is to the left. There are already neighbors on each side and a new home is being built across the street. There is an area cleared in the center which would be ideal for building.
Unit Size
96,703 Ft²
Days on Market
-
Land Size
2.22 acres
Price per sqft
$1
Property Type
Land
Property Taxes
$96
HOA Dues
$31
Year Built
2016

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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 #1041503)

Price History

Date / Event Date Event Price
Nov 17, 2014 Sold
Premium
Sold
Feb 18, 2014 Listed by Troy Realtors, Inc. $62,000
Listed by Troy Realtors, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 594
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 96,703
  • Total Building Area: 3,748
  • Gross Building Area: 3,992
  • Building Area: 3,154
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,154
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SADDLERIDGE 2
  • Land Acres: 0000002220
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SADDLERIDGE 2, BLOCK 1, LOT 38

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: FLC SCIS ZZZ
  • Census Tract: 310705

Geography

  • Assessors Map Reference: 92-A6
  • Parcel: 54369
  • Block: 1
  • Lot: 38
  • Municipality: BULVERDE
  • Latitude: 29.7541
  • Longitude: -98.4406

    Address

  • Full Address: 2822 Split Rock Cir
  • Address - House Number: 2822
  • Address - Street Name: Split Rock
  • Address - Suffix Type: Cir
  • State: TX
  • City Name: Bulverde
  • Carrier Code: H051
  • 4-Digit Zip Code: 2223
  • Zip Code: 78163

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,022,279
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: ES5

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 744,463
  • High Value: 921,720
  • Low Value: 567,205

    Market Valuation

  • Market Total Value: $835,770
  • Market Land Value: $183,110
  • Market Improvement Value: $652,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $667,497

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2014
  • Current Sale Recording Date: Nov 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 201406040811
  • Previous Sale Recording Date: Mar 03, 2006
  • Previous Sale Contract Date: Feb 28, 2006
  • Previous Sale Amount: $65,000
  • 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 Saddleridge

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

34

Average Home Size

3586 ft²

Average Home Age

15.8 years

Currently For Sale

6 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 29532 Autumn Copper, Bulverde, TX, 78163

$2,850 /mo

  • 4 Beds
  • 3 Baths
  • 2,771 ft²
29532 Autumn Copper, Bulverde, TX, 78163 Listing by JoAnn Benavente

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Matthew Troy, Troy Realtors, Inc.
Last Updated: 5 months ago
Data Source: LERA, MLS# 1041503
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 2822 Split Rock Circle built and last sold?
The property at 2822 Split Rock Circle was built in 2016 and last sold on Nov 17, 2014 for $67,700.
How much is this home worth?
The estimated value of the home located at 2822 Split Rock Circle is $63,219.
What are some comparable homes to 2822 Split Rock Circle?
There are currently no comparable homes to 2822 Split Rock Circle.
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