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Comanche 76455
551 CR 250
$1,067,177
● Land - Off Market

551 CR 250

Gustine, TX 76455
bedrooms
Studio
bathrooms
0 Bath
$1,318,374
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Live water ranch with South Leon River on north border and live spring feeding into a rock bottom creek.  Multiple wet weather creeks cross this ranch. Indian artifacts and petrified wood found while taking pictures.  Rolling with several areas of dramatic elevation change and amazing views.  Superb hunting, nice coastal fields mixed with wooded areas and native pasture make this a great combination ranch.
Unit Size
-
Days on Market
-
Land Size
241.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1942

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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 (NTREIS #14462107)

Price History

Date / Event Date Event Price
Apr 23, 2021 Sold
Premium
Sold
Oct 26, 2020 Listed by Janette Padgett Real Estate $1,084,125
Listed by Janette Padgett Real Estate
Live water ranch with South Leon River on north border and live spring feeding into a rock bottom creek. Multiple wet weather creeks cross this ranch. Indian artifacts and petrified wood found while taking pictures. Rolling with several areas of dramatic elevation change and amazing views. Superb hunting, nice coastal fields mixed with wooded areas and native pasture make this a great combination ranch.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • 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: 0
  • Roof Cover Type: 3
  • 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: 6,969,600
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,033
  • Gross Building Area: 2,033
  • Building Area: 2,033
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000160000
  • Standard Land Use Code: 7001
  • County Land Use Code: E1
  • Legal Description 1: A00610 LEMON, JOHN, ACRES 160.0

Neighborhood

  • School District Name: Gustine Independent School District
  • School Tax School District: WTD
  • Census Tract: 950400

Geography

  • Account Number: SGU-08-152
  • Parcel: 10748
  • Municipality: GUSTINE
  • Latitude: 31.8232
  • Longitude: -98.3979

    Address

  • Full Address: 551 County Road 250
  • Address - House Number: 551
  • Address - Street Name: County Road 250
  • State: TX
  • City Name: Gustine
  • Zip Code: 76455

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $66,508
  • Tax Rate Code Area: FMB GCM HC

    Market Valuation

  • Market Total Value: $1,003,130
  • Market Land Value: $984,000
  • Market Improvement Value: $19,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,610
  • Assessed Land Value: $984,000
  • Assessed Improvements Value: $19,130

    Sales

  • Current Sale Contract Date: Apr 21, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1097
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 Comanche

Stats & Trends

Median Asking:

$259,950

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

92

Average Home Size

1974 ft²

Average Home Age

58.8 years

Currently For Sale

105 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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NTREIS

Listed by: Janette Padgett, Janette Padgett Real Estate
Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14462107
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 551 County Rd 250 built and last sold?
The property at 551 County Rd 250 was built in 1942 and last sold on Apr 21, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 551 County Rd 250 is $1,094,966.
What are some comparable homes to 551 County Rd 250?
There are currently no comparable homes to 551 County Rd 250.
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