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Bandera 78003
LOT 45 PR 1524
$80,000
● Land - Off Market

LOT 45 PR 1524

Bandera, TX 78003
bedrooms
Studio
bathrooms
0 Bath
$127,040
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

AWESOME WATERFRONT LOT ON MEDINA LAKE, with a Live Oak covered bluff & lakefront beach. Create a homesite with wonderful views of the lake and build your deck under the oaks.  The property has been cleared and elect. is in place. You can build, bring a RV, or install a mnf. home.  +/- 155' of WATERFRONT! Holiday Villages has gated access. The community boat launch is close by. There's a neighborhood pool, playground and clubhouse. Don't miss this opportunity to purchase your Lakefront Hill Country getaway.
Unit Size
-
Days on Market
-
Land Size
0.59 acres
Price per sqft
-
Property Type
Land
Property Taxes
$107
HOA Dues
$35
Year Built
2016

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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 #1394494)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Jun 28, 2019 Listed by Gail Stone Realty $88,000
Listed by Gail Stone Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: 4
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 380,714
  • Total Building Area: 384
  • Gross Building Area: 384
  • Building Area: 384
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLS OF BANDERA RANCH
  • Land Acres: 0000008740
  • Standard Land Use Code: 1008
  • Legal Description 1: HILLS OF BANDERA RANCH LT 45 8.74 ACRES

Neighborhood

  • School District Name: Bandera Independent School District
  • School Tax School District: SPC, SW
  • Census Tract: 000101

Geography

  • Account Number: 21000-00000-0450
  • Subdivision Tract Number: 21000
  • Parcel: 180810
  • Municipality: BANDERA
  • Latitude: 29.6276
  • Longitude: -99.1561

    Address

  • Full Address: 545 Mustang Pass
  • Address - House Number: 545
  • Address - Street Name: Mustang
  • Address - Suffix Type: Pass
  • State: TX
  • City Name: Bandera
  • Carrier Code: H001
  • 4-Digit Zip Code: 3647
  • Zip Code: 78003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $314,777
  • Tax Rate Code Area: B, BC, BS,

    Appraisal Valuation

  • Standard Deviation: 0.255
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 297,998
  • High Value: 373,993
  • Low Value: 222,003

    Market Valuation

  • Market Total Value: $256,320
  • Market Land Value: $247,050
  • Market Improvement Value: $9,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $256,320
  • Assessed Land Value: $247,050
  • Assessed Improvements Value: $9,270

    Sales

  • Current Sale Contract Date: Oct 14, 2015
  • Current Sale Recording Date: Oct 16, 2015
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 211168
  • Previous Sale Recording Date: Feb 18, 2009
  • Previous Sale Contract Date: Feb 05, 2009
  • Previous Sale Amount: $112,500
  • 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 Bandera

Stats & Trends

Median Asking:

$437,500

Sale Price/ft²

$242

Below Asking

0.04%

Average Days on Market

93

Average Home Size

2247 ft²

Average Home Age

23.8 years

Currently For Sale

241 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: Harriet Hearne, Gail Stone Realty
Last Updated: 6 months ago
Data Source: LERA, MLS# 1394494
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 545 Mustang Pass built and last sold?
The property at 545 Mustang Pass was built in 2016 and last sold on Oct 14, 2015 for $0.
How much is this home worth?
The estimated value of the home located at 545 Mustang Pass is $88,880.
What are some comparable homes to 545 Mustang Pass?
There are currently no comparable homes to 545 Mustang Pass.
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