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Bandera 78003
365 Arroyo Dr
$149,000
● House - Off Market

365 Arroyo Dr

Bandera, TX 78003
bedrooms
1 Bed
bathrooms
1 Bath
square feet
864 Ft²
$877
Est. Monthly

About This Property

Charming 1 bed 1 bath in a gated community!! Perfect opportunity for someone looking to downsize  while also having the ability to make the home bigger in the future!!  Recently updated home with new cabinets, new flooring, new interior paint and updated shower and a Beautiful wooden door. Brand new fridge and stove INCLUDED!! Close proximity to the Medina River! Contact your agent for a showing today!!
Unit Size
864 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$174
Property Type
House
Property Taxes
$141
HOA Dues
-
Year Built
2012

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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: 6 months ago (LERA #1734426)

Price History

Date / Event Date Event Price
Jan 20, 2024 Sold
Premium
Sold
Nov 18, 2023 Listed by TEAM ELITE GROUP $149,900
Listed by TEAM ELITE GROUP

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 10,062
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ENCHANTED RIVER ESTATES 2
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: ENCHANTED RIVER ESTATES 2 BLK 6 LT 20 0.231 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000101

Geography

  • Account Number: 12576-00006-0200
  • Subdivision Tract Number: 12576
  • Parcel: 156910
  • Block: 6
  • Lot: 20
  • Municipality: BANDERA
  • Latitude: 29.7222
  • Longitude: -99.0511

    Address

  • Full Address: 365 Arroyo Dr
  • Address - House Number: 365
  • Address - Street Name: Arroyo
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Bandera
  • Carrier Code: H005
  • 4-Digit Zip Code: 5376
  • Zip Code: 78003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $198,774
  • Tax Rate Code Area: B, BC, BS,

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 161,184
  • High Value: 191,679
  • Low Value: 130,689

    Market Valuation

  • Market Total Value: $129,230
  • Market Land Value: $10,920
  • Market Improvement Value: $118,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $129,230
  • Assessed Land Value: $10,920
  • Assessed Improvements Value: $118,310

    Sales

  • Current Sale Contract Date: Feb 20, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 263010
  • Previous Sale Recording Date: Feb 06, 2019
  • Previous Sale Contract Date: Feb 01, 2019
  • 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:

$437,500

Sale Price/ft²

$242

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

23.8 years

Currently For Sale

241 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

Rentals Near You

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LERA

Listed by: Andy Patlan, TEAM ELITE GROUP
Last Updated: 6 months ago
Data Source: LERA, MLS# 1734426
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 365 Arroyo Drive built and last sold?
The property at 365 Arroyo Drive was built in 2012 and last sold on Feb 20, 2024 for $192,224.
How much is this home worth?
The estimated value of the home located at 365 Arroyo Drive is $153,339.
What are some comparable homes to 365 Arroyo Drive?
There are currently no comparable homes to 365 Arroyo Drive.
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