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Schertz 78154
409 LORI LYNN DR
$196,500
● House - Off Market

409 LORI LYNN DR

Schertz, TX 78154
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,224 Ft²
$1,345
Est. Monthly

About This Property

Owner finance opportunity on this beautiful 3 bed 2 bath home in Schertz on a spacious lot. Needs cosmetic upgrades and updates.  ITIN is ok.  Ask about Seller financing options.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$163
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1975

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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 #1744907)

Price History

Date / Event Date Event Price
Apr 23, 2024 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 10
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 268
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 66
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,122
  • Total Building Area: 1,492
  • Gross Building Area: 1,557
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARKLAND VILLAGE #2
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: LOT: 16 BLK: 10 PARKLAND VILLAGE #2

Neighborhood

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

Geography

  • Assessors Map Reference: 555-B1
  • Parcel: 1G2360-2010-01600-0-00
  • Block: 10
  • Lot: 16
  • Municipality: SCHERTZ
  • Latitude: 29.5641
  • Longitude: -98.2806

    Address

  • Full Address: 409 Lori Lynn Dr
  • Address - House Number: 409
  • Address - Street Name: Lori Lynn
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Schertz
  • Carrier Code: C006
  • 4-Digit Zip Code: 1522
  • Zip Code: 78154

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $369,358
  • Tax Rate Code Area: SCS

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 201,931
  • High Value: 235,666
  • Low Value: 168,197

    Market Valuation

  • Market Total Value: $207,843
  • Market Land Value: $17,215
  • Market Improvement Value: $190,628

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,463
  • Assessed Land Value: $17,215
  • Assessed Improvements Value: $190,628

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 12, 2024
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1010
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:

$335,000

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

85

Average Home Size

2298 ft²

Average Home Age

18.1 years

Currently For Sale

329 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 100 Howard Dr, Schertz, TX, 78154

$2,600 /mo

  • 4 Beds
  • 3 Baths
  • 2,476 ft²
100 Howard Dr, Schertz, TX, 78154 Listing by Annie Slaats

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Jeremy Males, Nada Homes
Last Updated: 5 months ago
Data Source: LERA, MLS# 1744907
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 409 Lori Lynn Drive built and last sold?
The property at 409 Lori Lynn Drive was built in 1975 and last sold on Jan 12, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 409 Lori Lynn Drive is $201,810.
What are some comparable homes to 409 Lori Lynn Drive?
There are currently no comparable homes to 409 Lori Lynn Drive.
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