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Devine 78016
406 S Teel
$20,000
● Land - Off Market

406 S Teel

Devine, TX 78016
bedrooms
Studio
bathrooms
0 Bath
$174
Est. Monthly

About This Property

Motivated Seller - Located in the City of Devine this property has tons of potential (Zone Classification : G ( Retail Business District ) for this .115 acre lot. Great location, this property sits on the main street near the center of town with all the major amenities, highways and schools. This property is ready for new owners. Please note that the buyer must order a new survey. Buyer and Buyers Agent to verify all Utilities and Measurements accordingly. Manufacture Home Allowed!    ** CASH Offers or Conventional Loan *** Additional .115 acre Lot Available **
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$27
HOA Dues
-
Year Built
-

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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 #1765763)

Price History

Date / Event Date Event Price
Sep 27, 2024 Sold
Premium
Sold
Apr 11, 2024 Listed by 1st Choice Realty Group $30,000
Listed by 1st Choice Realty Group

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: HOTTOX ADDITION
  • Land Acres: 0000000115
  • Standard Land Use Code: 8001
  • County Land Use Code: C1
  • Legal Description 1: DEVINE BLOCK 21 LOT 3-4 PARTS OF

Neighborhood

  • School District Name: Devine Independent School District
  • School Tax School District: HSP MWD RFM SDE
  • Census Tract: 000801

Geography

  • Account Number: DE0001-00021-00003-14567
  • Parcel: 14567
  • Block: 21
  • Lot: 3,4
  • Municipality: HONDO
  • Latitude: 29.1372
  • Longitude: -98.9081

    Address

  • Full Address: 406 S Teel Dr
  • Address - House Number: 406
  • Street Direction: S
  • Address - Street Name: Teel
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Devine
  • Carrier Code: C001
  • 4-Digit Zip Code: 3214
  • Zip Code: 78016

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,973
  • Tax Rate Code Area: CDE FED2 F

    Market Valuation

  • Market Total Value: $14,700
  • Market Land Value: $14,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,700
  • Assessed Land Value: $14,700

    Sales

  • Current Sale Contract Date: May 25, 2017
  • Current Sale Recording Date: Jun 29, 2017
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017004830
  • Previous Sale Recording Date: Nov 08, 2007
  • Previous Sale Contract Date: Oct 31, 2007
  • 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 Devine

Stats & Trends

Median Asking:

$238,000

Sale Price/ft²

$178

Below Asking

0.04%

Average Days on Market

69

Average Home Size

1762 ft²

Average Home Age

46.6 years

Currently For Sale

32 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 112 Dixon Dr, TX, 78016

$428 /mo

  • 1 Bed
  • 1 Bath
112 Dixon Dr, TX, 78016 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Amanda Gonzalez, 1st Choice Realty Group
Last Updated: 5 months ago
Data Source: LERA, MLS# 1765763
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 South Teel Drive built and last sold?
The property at 406 South Teel Drive was built in and last sold on May 25, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 406 South Teel Drive is $30,300.
What are some comparable homes to 406 South Teel Drive?
There are currently no comparable homes to 406 South Teel Drive.
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