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Comal 78070 Mystic Shores
421 MEXICAN HAT DR
$198,000
● Land - Off Market

421 MEXICAN HAT DR

Spring Branch, TX 78070
bedrooms
Studio
bathrooms
0 Bath
$1,108
Est. Monthly
$32
HOA / Fees

About This Property

3 acres in Mystic Shores just minutes from Canyon Lake. It's ready for your dream home in the Hill Country! Level with scattered trees. Great building sites throughout, horses allowed, underground utilities and amazing neighborhood amenities.
Unit Size
-
Days on Market
-
Land Size
3.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$103
HOA Dues
$32
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: 6 months ago (LERA #1622670)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Jul 14, 2022 Listed by Texas Prestige Realty $198,300
Listed by Texas Prestige Realty

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: 130,680
  • 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: MYSTIC SHORES 12
  • Land Acres: 0000003000
  • Standard Land Use Code: 8000
  • County Land Use Code: C1
  • State Land Use Code: C1
  • Legal Description 1: MYSTIC SHORES 12, LOT 1477

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: SCIS ZZZ
  • Census Tract: 310603

Geography

  • Parcel: 138239
  • Lot: 1477
  • Municipality: SPRING BRANCH
  • Latitude: 29.9546
  • Longitude: -98.3343

    Address

  • Full Address: 421 Mexican Hat Dr
  • Address - House Number: 421
  • Address - Street Name: Mexican Hat
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Spring Branch
  • Carrier Code: H007
  • 4-Digit Zip Code: 5055
  • Zip Code: 78070

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $264,678
  • Tax Rate Code Area: ES4

    Market Valuation

  • Market Total Value: $177,190
  • Market Land Value: $177,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,190
  • Assessed Land Value: $177,190

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9280
  • Previous Sale Recording Date: May 12, 2005
  • Previous Sale Contract Date: Apr 28, 2005
  • Previous Sale Amount: $48,100
  • Previous Sale Document Type: 70
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 West Canyon Lake

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$247

Below Asking

0.05%

Average Days on Market

98

Average Home Size

3031 ft²

Average Home Age

10.2 years

Currently For Sale

81 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 1848 Tanglewood Trl, Spring Branch, TX, 78070

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,773 ft²
1848 Tanglewood Trl, Spring Branch, TX, 78070 Listing by Dustin Tucker

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Lana Marinin, Texas Prestige Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1622670
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 421 Mexican Hat Drive built and last sold?
The property at 421 Mexican Hat Drive was built in and last sold on Mar 21, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 421 Mexican Hat Drive is $200,283.
What are some comparable homes to 421 Mexican Hat Drive?
There are currently no comparable homes to 421 Mexican Hat Drive.
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