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Bandera 78063
532 MADRONA
$160,000
● House - Off Market

532 MADRONA

Pipe Creek, TX 78063
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$322,282
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

*IN PIPE CREEK JUST INSIDE BANDERA COUNTY IN THE FREEDOM SPRING RANCH SUBDIVSION*IN-  GROUND SWIMMING POOL 40X16*ALMOST 3 ACRES*RV CONCRETE PAD 24X8*MOBILE HOME CONCRETE PAD 44X12*CARPORT FOR TWO*  *PLAYGROUND AREA & SET*262 FT DEEP WATER WELL FROM THE TRINITY AQUIFER*12 DIAMETER WATER FOUNTAIN*HORSES ALLOWED.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
2.99 acres
Price per sqft
$135
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1994

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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 #611741)

Price History

Date / Event Date Event Price
Feb 15, 2007 Sold
Premium
Sold
Sep 6, 2006 Listed by Century 21 Scott Myers, REALTORS $189,000
Listed by Century 21 Scott Myers, REALTORS

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 129,809
  • Total Building Area: 1,418
  • Building Area: 1,418
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,418
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FREEDOM SPRINGS RANCH
  • Land Acres: 0000002980
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: FREEDOM SPRINGS RANCH LT 24 PT 2.98 ACRES

Neighborhood

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

Geography

  • Account Number: 13000-00000-0241
  • Parcel: 170910
  • Lot: 24 PT
  • Municipality: PIPE CREEK
  • Latitude: 29.7138
  • Longitude: -98.8597

    Address

  • Full Address: 532 Madrona Rd
  • Address - House Number: 532
  • Address - Street Name: Madrona
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Pipe Creek
  • Carrier Code: H005
  • 4-Digit Zip Code: 5432
  • Zip Code: 78063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $270,420
  • Tax Rate Code Area: BC, BS, CA

    Appraisal Valuation

  • Standard Deviation: 0.255
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 326,736
  • High Value: 410,060
  • Low Value: 243,412

    Market Valuation

  • Market Total Value: $241,710
  • Market Land Value: $63,500
  • Market Improvement Value: $178,210

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $241,710
  • Assessed Land Value: $63,500
  • Assessed Improvements Value: $178,210

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 252415
  • Previous Sale Recording Date: Aug 14, 2007
  • Previous Sale Contract Date: Feb 14, 2007
  • Previous Sale Amount: $200,000
  • 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 Bandera

Stats & Trends

Median Asking:

$437,500

Sale Price/ft²

$242

Below Asking

0.04%

Average Days on Market

95

Average Home Size

2248 ft²

Average Home Age

23.7 years

Currently For Sale

246 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: Quirino Mata, Century 21 Scott Myers, REALTORS
Last Updated: 5 months ago
Data Source: LERA, MLS# 611741
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 532 Madrona Road built and last sold?
The property at 532 Madrona Road was built in 1994 and last sold on May 10, 2022 for $266,000.
How much is this home worth?
The estimated value of the home located at 532 Madrona Road is $198,036.
What are some comparable homes to 532 Madrona Road?
There are currently no comparable homes to 532 Madrona Road.
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