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Comal 78070 River Crossing
488 Long Meadow
$52,500
● Land - Off Market

488 Long Meadow

Spring Branch, TX 78070
bedrooms
Studio
bathrooms
0 Bath
square feet
44,867 Ft²
$91,203
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Unique property in River Crossing! Great views and your own wet weather creek, own a piece of the Hill Country and escape the city taxes.  Beautiful creek with a waterfall runs down right side of property. Lots of trees and already fenced on 2 sides.  Lot slopes gently up from the road to the back of the property with a partially cleared, flat place to build your dream home. Put on your boots and come walk this amazing property today! Join the Country club and have access to golf, clubhouse, pool and gym.
Unit Size
44,867 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$1
Property Type
Land
Property Taxes
$79
HOA Dues
$22
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 #1237581)

Price History

Date / Event Date Event Price
May 25, 2018 Sold
Premium
Sold
Apr 19, 2017 Listed by Phillips & Associates Realty $59,900
Listed by Phillips & Associates 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
  • Location Influence Type: 91

    Dimensions

  • Lot Size Square Feet: 44,867
  • 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: RIVER CROSSING 2
  • Land Acres: 0000001030
  • Standard Land Use Code: 8000
  • County Land Use Code: C1
  • State Land Use Code: C1
  • Legal Description 1: RIVER CROSSING 2, LOT 407

Neighborhood

  • School District Name: Comal Independent School District
  • School Tax School District: FLC SCIS ZZZ
  • Census Tract: 310703

Geography

  • Assessors Map Reference: 384-E4
  • Parcel: 50173
  • Lot: 407
  • Municipality: SPRING BRANCH
  • Latitude: 29.8192
  • Longitude: -98.3994

    Address

  • Full Address: 488 Long Mdw
  • Address - House Number: 488
  • Address - Street Name: Long
  • Address - Suffix Type: Mdw
  • State: TX
  • City Name: Spring Branch
  • Carrier Code: R014
  • 4-Digit Zip Code: 5953
  • Zip Code: 78070

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $196,816
  • Tax Rate Code Area: ES4

    Market Valuation

  • Market Total Value: $131,760
  • Market Land Value: $131,760

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,760
  • Assessed Land Value: $131,760

    Sales

  • Current Sale Contract Date: May 25, 2018
  • Current Sale Recording Date: May 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201806020712
  • Previous Sale Recording Date: Apr 04, 2006
  • Previous Sale Contract Date: Mar 31, 2006
  • 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 River Crossing

Stats & Trends

Median Asking:

$899,999

Sale Price/ft²

$252

Below Asking

0.03%

Average Days on Market

74

Average Home Size

3656 ft²

Average Home Age

20.1 years

Currently For Sale

19 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

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LERA

Listed by: Buffy Jo Carr, Phillips & Associates Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1237581
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 488 Long Meadow built and last sold?
The property at 488 Long Meadow was built in and last sold on May 25, 2018 for $59,100.
How much is this home worth?
The estimated value of the home located at 488 Long Meadow is $60,499.
What are some comparable homes to 488 Long Meadow?
There are currently no comparable homes to 488 Long Meadow.
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