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Atascosa 78065
502 VIEWPOINT DR
$45,000
● Land - Off Market

502 VIEWPOINT DR

Poteet, TX 78065
bedrooms
Studio
bathrooms
0 Bath
square feet
672 Ft²
$46,039
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Great level lot with city water, water meter, electric. Septic tank on site.  Award winning Somerset School District!  Mobile homes allowed.  Easy access to HWY 16. Owner will finance with 15% down, 10% apr, 20 yr amor., 3-5 yr balloon. Monthly payment $369 per month!! NO HOA,  No credit check!!
Unit Size
672 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$67
Property Type
Land
Property Taxes
$46
HOA Dues
-
Year Built
1960

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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 #1611938)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Jun 4, 2022 Listed by Essex Properties $45,000
Listed by Essex Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 1
  • 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: 5,998
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 672
  • Gross Building Area: 672
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR VILLAGE
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SHALIMAR VILLAGE BK 5 LT 49

Neighborhood

  • School District Name: Somerset Independent School District
  • Census Tract: 960206

Geography

  • Account Number: 03300-00-005-004900
  • Parcel: R33843
  • Lot: 49
  • Municipality: POTEET
  • Latitude: 29.1546
  • Longitude: -98.5991

    Address

  • Full Address: 502 Viewpoint Dr
  • Address - House Number: 502
  • Address - Street Name: Viewpoint
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Poteet
  • Carrier Code: R002
  • 4-Digit Zip Code: 4559
  • Zip Code: 78065

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $201,790
  • Initial Tax Delinquent Year: 2012
  • Tax Rate Code Area: FMLR GAT S

    Appraisal Valuation

  • Standard Deviation: 0.4091
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 15,809
  • High Value: 22,276
  • Low Value: 9,341

    Market Valuation

  • Market Total Value: $117,870
  • Market Land Value: $31,200
  • Market Improvement Value: $86,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,870
  • Assessed Land Value: $31,200
  • Assessed Improvements Value: $86,670

    Sales

  • Current Sale Contract Date: Jun 02, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 234409
  • Previous Sale Recording Date: Jul 19, 2022
  • Previous Sale Contract Date: Jul 18, 2022
  • Previous Sale Amount: $49,742
  • Previous Sale Document Type: 27
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 Atascosa

Stats & Trends

Median Asking:

$287,900

Sale Price/ft²

$172

Below Asking

0.04%

Average Days on Market

91

Average Home Size

1815 ft²

Average Home Age

29.3 years

Currently For Sale

256 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: Phil Essex, Essex Properties
Last Updated: 5 months ago
Data Source: LERA, MLS# 1611938
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 502 Viewpoint Drive built and last sold?
The property at 502 Viewpoint Drive was built in 1960 and last sold on Jun 2, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 502 Viewpoint Drive is $45,853.
What are some comparable homes to 502 Viewpoint Drive?
There are currently no comparable homes to 502 Viewpoint Drive.
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