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Schertz 78108
2964 Redtip Dr
$176,000
● House - Off Market

2964 Redtip Dr

Schertz, TX 78108
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$323,023
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Great home in Riata Subdivision.  Lots of upgrades to include granite counter tops, 9 FT ceilings and open floorplan.  Also crown molding throughout and upgraded cabinets.  Many upgrades and home is very well maintained.  Lots of love and it shows. Close to major shopping areas and close to IH35 easy on and off.  Covered patio and privacy fence complete to home.
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$115
Property Type
House
Property Taxes
-
HOA Dues
$30
Year Built
2009

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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 #1122926)

Price History

Date / Event Date Event Price
Aug 7, 2015 Sold
Premium
Sold
Jun 24, 2015 Listed by Cortez Realty $182,000
Listed by Cortez Realty

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 345
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,661
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 610
  • Total Building Area: 1,926
  • Gross Building Area: 2,056
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIATA UNIT #2 (GCO)
  • Land Acres: 0000000153
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: RIATA UNIT #2 (GCO) BLOCK 1 LOT 45

Neighborhood

  • School District Name: Schertz-Cibolo-Universal City Independent School District
  • Census Tract: 210706

Geography

  • Subdivision Tract Number: 45
  • Parcel: 1G2603-2001-04500-0-00
  • Block: 1
  • Lot: 45
  • Municipality: SCHERTZ
  • Latitude: 29.619
  • Longitude: -98.2386

    Address

  • Full Address: 2964 Red Tip Dr
  • Address - House Number: 2964
  • Address - Street Name: Red Tip
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Schertz
  • Zip Code: 78154

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $487,944
  • Tax Rate Code Area: SCS

    Appraisal Valuation

  • Standard Deviation: 0.2133
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 295,073
  • High Value: 358,027
  • Low Value: 232,118

    Market Valuation

  • Market Total Value: $301,174
  • Market Land Value: $56,294
  • Market Improvement Value: $244,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,292
  • Assessed Land Value: $56,294
  • Assessed Improvements Value: $244,880

    Exemptions

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

    Sales

  • Current Sale Contract Date: Aug 07, 2015
  • Current Sale Recording Date: Aug 11, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015015947
  • Previous Sale Recording Date: May 04, 2009
  • Previous Sale Contract Date: Apr 29, 2009
  • Previous Sale Amount: $195,200
  • 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 Schertz

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

87

Average Home Size

2318 ft²

Average Home Age

17.5 years

Currently For Sale

315 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 5708 Mahogany Bay, Schertz, TX, 78108

$1,950 /mo

  • 4 Beds
  • 2 Baths
  • 2,372 ft²
5708 Mahogany Bay, Schertz, TX, 78108 Listing by Esmeralda Mcgee

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Ruben Cortez, Cortez Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1122926
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 2964 Red Tip Drive built and last sold?
The property at 2964 Red Tip Drive was built in 2009 and last sold on Aug 7, 2015 for $220,000.
How much is this home worth?
The estimated value of the home located at 2964 Red Tip Drive is $187,526.
What are some comparable homes to 2964 Red Tip Drive?
There are currently no comparable homes to 2964 Red Tip Drive.
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