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Medina 78052
406 CR 6850
$11,000
● Land - Off Market

406 CR 6850

Lytle, TX 78052
bedrooms
Studio
bathrooms
0 Bath
$27,132
RealtyHop Estimate
110.32%
Since Jun 1, 2010
National-US
Primary Model

About This Property

Two lots  adjoining  lots (406 & 407) can be sold together or individually.
Unit Size
-
Days on Market
-
Land Size
0.88 acres
Price per sqft
-
Property Type
Land
Property Taxes
$16
HOA Dues
-
Year Built
2011

Payment Calculator

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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 #832710)

Price History

Date / Event Date Event Price
May 28, 2010 Sold
Premium
Sold
Apr 19, 2010 Listed by Keller Williams Legacy $12,900
Listed by Keller Williams Legacy

Property Highlights

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 324
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,249
  • Lot Size Depth Feet: 2,750
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,519
  • Gross Building Area: 1,863
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TWIN LAKE RANCH ESTATES
  • Land Acres: 0000000442
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: TWIN LAKE RANCH ESTATES LOT 407 SOUTH HALF TRACT 2

Neighborhood

  • School District Name: Lytle Independent School District
  • School Tax School District: MWD RFM SLY
  • Census Tract: 000401

Geography

  • Account Number: 0S0103-00000-00407-25525
  • Subdivision Tract Number: 407
  • Parcel: 25525
  • Lot: 407
  • Municipality: LYTLE
  • Latitude: 29.2127
  • Longitude: -98.8264

    Address

  • Full Address: 406 County Road 6850
  • Address - House Number: 406
  • Address - Street Name: County Road 6850
  • State: TX
  • City Name: Lytle
  • Carrier Code: H002
  • 4-Digit Zip Code: 4740
  • Zip Code: 78052

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: FED5 FED7

    Appraisal Valuation

  • Standard Deviation: 0.2738
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 268,063
  • High Value: 341,479
  • Low Value: 194,647

    Market Valuation

  • Market Total Value: $184,480
  • Market Land Value: $34,270
  • Market Improvement Value: $150,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,480
  • Assessed Land Value: $34,270
  • Assessed Improvements Value: $150,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 18, 2020
  • Current Sale Recording Date: May 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020004113
  • Previous Sale Recording Date: May 26, 2010
  • Previous Sale Contract Date: May 21, 2010
  • 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 Medina

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$183

Below Asking

0.03%

Average Days on Market

99

Average Home Size

2380 ft²

Average Home Age

15.5 years

Currently For Sale

518 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: Jerri Smallwood, Keller Williams Legacy
Last Updated: 5 months ago
Data Source: LERA, MLS# 832710
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 406 County Rd 6850 built and last sold?
The property at 406 County Rd 6850 was built in 2011 and last sold on May 18, 2020 for $156,300.
How much is this home worth?
The estimated value of the home located at 406 County Rd 6850 is $13,029.
What are some comparable homes to 406 County Rd 6850?
There are currently no comparable homes to 406 County Rd 6850.
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