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Bandera 78063
491 CIRCLE VIEW DR
$360,000
● Land - Off Market

491 CIRCLE VIEW DR

Pipe Creek, TX 78063
bedrooms
Studio
bathrooms
0 Bath
$1,869
Est. Monthly

About This Property

Stunning 25 mile unobstructed views over the Texas Hill Country from one of the highest elevations in Freedom Springs Ranch.  Hard to find 4.52 acres with a 660 foot water well, septic and a 50 amp electrical already installed for your RV.  Recently cleared and leveled building site on top of a hill with northern orientation from the outdoor living space. Explore this heavily wooded property with several hill tops and some large oaks perfect for a tree house.  2 of the 4.52 acres are fenced which surrounds the build site.  Easy access to Boerne, San Antonio and Bandera.
Unit Size
-
Days on Market
-
Land Size
4.52 acres
Price per sqft
-
Property Type
Land
Property Taxes
$101
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: 4 months ago (LERA #1755017)

Price History

Date / Event Date Event Price
Jun 12, 2024 Sold
Premium
Sold
Feb 29, 2024 Listed by Kuper Sotheby's Int'l Realty $360,000
Listed by Kuper Sotheby's Int'l 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: 196,891
  • 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: R
  • Subdivision: FREEDOM SPRINGS RANCH
  • Land Acres: 0000004520
  • Standard Land Use Code: 1015
  • County Land Use Code: A4
  • Legal Description 1: FREEDOM SPRINGS RANCH LT 17B 17C 4.52 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000302

Geography

  • Account Number: 13000-00000-0172
  • Parcel: 166285
  • Lot: 17B 17C
  • Municipality: PIPE CREEK
  • Latitude: 29.7068
  • Longitude: -98.8532

    Address

  • Full Address: 491 Circle View Dr
  • Address - House Number: 491
  • Address - Street Name: Circle View
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Pipe Creek
  • Carrier Code: H005
  • 4-Digit Zip Code: 5538
  • Zip Code: 78063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $141,935
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.255
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 63
  • Final Value: 192,265
  • High Value: 241,296
  • Low Value: 143,234

    Market Valuation

  • Market Total Value: $87,030
  • Market Land Value: $85,050
  • Market Improvement Value: $1,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,030
  • Assessed Land Value: $85,050
  • Assessed Improvements Value: $1,980

    Sales

  • Current Sale Contract Date: Oct 06, 2009
  • Current Sale Recording Date: Oct 08, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 181094
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 Bandera

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$247

Below Asking

0.04%

Average Days on Market

94

Average Home Size

2235 ft²

Average Home Age

22.1 years

Currently For Sale

249 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: Nathaniel Dumas, Kuper Sotheby's Int'l Realty
Last Updated: 4 months ago
Data Source: LERA, MLS# 1755017
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 491 Circle View Drive built and last sold?
The property at 491 Circle View Drive was built in and last sold on Oct 6, 2009 for $110,300.
How much is this home worth?
The estimated value of the home located at 491 Circle View Drive is $363,600.
What are some comparable homes to 491 Circle View Drive?
There are currently no comparable homes to 491 Circle View Drive.
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