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Canyon Lake 78133 Scenic Heights
416 LEDGEVIEW DR
$24,000
● Land - Off Market

416 LEDGEVIEW DR

Canyon Lake, TX 78133
bedrooms
Studio
bathrooms
0 Bath
$40,955
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Come see this property with Beautiful Hill Country Views. The sale of this property includes 416 430 & 442 Ledgeview Dr Canyon Lake Tx. There are 3 lots side by side, making for this section of land being just over half an acre. This property is close to CVS, grocery stores, shopping, and restaurants.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$30
HOA Dues
$1
Year Built
2020

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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: 6 months ago (LERA #1346347)

Price History

Date / Event Date Event Price
Dec 19, 2019 Sold
Premium
Sold
Oct 28, 2018 Listed by JB Goodwin, REALTORS $28,000
Listed by JB Goodwin, REALTORS

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 10
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 244

    Dimensions

  • Lot Size Square Feet: 23,945
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,222
  • Gross Building Area: 1,222
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SCENIC HEIGHTS 2
  • Land Acres: 0000000550
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: SCENIC HEIGHTS 2, LOT 340-341-342

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: SCIS ZZZ
  • Census Tract: 310608

Geography

  • Assessors Map Reference: 355-B8
  • Parcel: 55506
  • Lot: 340
  • Municipality: CANYON LAKE
  • Latitude: 29.8407
  • Longitude: -98.2766

    Address

  • Full Address: 416 Ledgeview Dr
  • Address - House Number: 416
  • Address - Street Name: Ledgeview
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Canyon Lake
  • Carrier Code: R017
  • 4-Digit Zip Code: 4935
  • Zip Code: 78133

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,559
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: ES3

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 359,776
  • High Value: 445,371
  • Low Value: 274,181

    Market Valuation

  • Market Total Value: $304,140
  • Market Land Value: $116,340
  • Market Improvement Value: $187,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $304,140
  • Assessed Land Value: $116,340
  • Assessed Improvements Value: $187,800

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 10, 2023
  • Current Sale Recording Date: Apr 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 11121
  • Previous Sale Recording Date: Dec 19, 2019
  • Previous Sale Contract Date: Dec 19, 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 South Canyon Lake

Stats & Trends

Median Asking:

$389,000

Sale Price/ft²

$223

Below Asking

0.05%

Average Days on Market

111

Average Home Size

1991 ft²

Average Home Age

26.2 years

Currently For Sale

195 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

Click here to view more rentals in the neighborhood.
LERA

Listed by: Cynthia Ross-Goodwin, JB Goodwin, REALTORS
Last Updated: 6 months ago
Data Source: LERA, MLS# 1346347
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 416 Ledgeview Drive built and last sold?
The property at 416 Ledgeview Drive was built in 2020 and last sold on Apr 10, 2023 for $400,995.
How much is this home worth?
The estimated value of the home located at 416 Ledgeview Drive is $28,280.
What are some comparable homes to 416 Ledgeview Drive?
There are currently no comparable homes to 416 Ledgeview Drive.
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