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Wilson 78121
508 JACOBS LANE
$18,593
● Land - Off Market

508 JACOBS LANE

La Vernia, TX 78121
bedrooms
Studio
bathrooms
0 Bath
$49,404
RealtyHop Estimate
85.03%
Since Mar 1, 2008
National-US
Primary Model

About This Property

Beautiful lot for site built  home.  Restricted to site built homes only.  Many mature trees.  On paved road that is county maintained.  The drainage on this property is excellent and there have been no flooding problems.  Restrictions that protect the residential aspect of the property.  46 lots in the subdivision in all.  Let our builder build your home.  Financing available.
Unit Size
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Days on Market
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Land Size
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Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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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: 5 months ago (LERA #585139)

Price History

Date / Event Date Event Price
Feb 29, 2008 Sold
Premium
Sold
Sep 9, 2005 Listed by David Anderson REALTORS $26,700
Listed by David Anderson REALTORS

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 139
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 67,518
  • Total Building Area: 2,511
  • Gross Building Area: 2,862
  • Building Area: 1,959
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,959
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JACOBS ACRES
  • Land Acres: 0000001550
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: JACOBS ACRES, U-2, LOT 2, ACRES 1.55

Neighborhood

  • School District Name: La Vernia Independent School District
  • School Tax School District: LA VERNIA ISD
  • Census Tract: 000104

Geography

  • Parcel: 57613
  • Block: U-2
  • Lot: 2
  • Municipality: LA VERNIA
  • Latitude: 29.2972
  • Longitude: -98.1411

    Address

  • Full Address: 508 Jacobs Ln
  • Address - House Number: 508
  • Address - Street Name: Jacobs
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: La Vernia
  • Carrier Code: R006
  • 4-Digit Zip Code: 5695
  • Zip Code: 78121

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $804,349
  • Tax Rate Code Area: GW SL HH W

    Appraisal Valuation

  • Standard Deviation: 0.2605
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 483,590
  • High Value: 609,574
  • Low Value: 357,605

    Market Valuation

  • Market Total Value: $477,980
  • Market Land Value: $88,460
  • Market Improvement Value: $389,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $477,980
  • Assessed Land Value: $88,460
  • Assessed Improvements Value: $389,520

    Sales

  • Current Sale Contract Date: Mar 22, 2013
  • Current Sale Recording Date: Apr 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 022842
  • Previous Sale Recording Date: Jan 16, 2013
  • Previous Sale Contract Date: Jan 10, 2013
  • Previous Sale Amount: $49,500
  • 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 Wilson

Stats & Trends

Median Asking:

$489,900

Sale Price/ft²

$225

Below Asking

0.03%

Average Days on Market

90

Average Home Size

2331 ft²

Average Home Age

18.5 years

Currently For Sale

325 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 158 Pullman Road, La Vernia, TX, 78121

$2,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,009 ft²
158 Pullman Road, La Vernia, TX, 78121 Listing by Phuoc Hai Nguyen

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: David Anderson, David Anderson REALTORS
Last Updated: 5 months ago
Data Source: LERA, MLS# 585139
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 508 Jacobs Lane built and last sold?
The property at 508 Jacobs Lane was built in and last sold on Mar 22, 2013 for $233,000.
How much is this home worth?
The estimated value of the home located at 508 Jacobs Lane is $26,967.
What are some comparable homes to 508 Jacobs Lane?
There are currently no comparable homes to 508 Jacobs Lane.
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