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Canyon Lake 78132 Summit
3721 SUMMIT DR
$45,000
● Land - Off Market

3721 SUMMIT DR

New Braunfels, TX 78132
bedrooms
Studio
bathrooms
0 Bath
square feet
43,560 Ft²
$65,953
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Lot nestled on top of the hill, close to the Guadalupe and Canyon Lake.
Unit Size
43,560 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$1
Property Type
Land
Property Taxes
$77
HOA Dues
-
Year Built
2022

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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: 5 months ago (LERA #1405397)

Price History

Date / Event Date Event Price
Sep 17, 2019 Sold
Premium
Sold
Aug 14, 2019 Listed by Coldwell Banker Stagecoach Realty $45,000
Listed by Coldwell Banker Stagecoach Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,733
  • Gross Building Area: 3,081
  • Building Area: 2,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,066
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT PHASE 2
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SUMMIT PHASE 2, LOT 86

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: FLC SCIS ZZZ
  • Census Tract: 310611

Geography

  • Assessors Map Reference: 357-F8
  • Parcel: 60171
  • Lot: 86
  • Municipality: CANYON LAKE
  • Latitude: 29.8432
  • Longitude: -98.1505

    Address

  • Full Address: 3721 Summit Dr
  • Address - House Number: 3721
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: New Braunfels
  • Carrier Code: H003
  • 4-Digit Zip Code: 3074
  • Zip Code: 78132

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $800,954
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: ES3

    Appraisal Valuation

  • Standard Deviation: 0.2381
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 511,028
  • High Value: 632,704
  • Low Value: 389,351

    Market Valuation

  • Market Total Value: $537,090
  • Market Land Value: $143,750
  • Market Improvement Value: $393,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $537,090
  • Assessed Land Value: $143,750
  • Assessed Improvements Value: $393,340

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31285
  • Previous Sale Recording Date: Sep 16, 2019
  • Previous Sale Contract Date: Sep 10, 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 Summit

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$304

Below Asking

0.01%

Average Days on Market

69

Average Home Size

1947 ft²

Average Home Age

14.7 years

Currently For Sale

7 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: Karen Trujeque, Coldwell Banker Stagecoach Realty
Last Updated: 5 months ago
Data Source: LERA, MLS# 1405397
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 3721 Summit Drive built and last sold?
The property at 3721 Summit Drive was built in 2022 and last sold on Jun 8, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 3721 Summit Drive is $45,450.
What are some comparable homes to 3721 Summit Drive?
There are currently no comparable homes to 3721 Summit Drive.
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