$120,000 Last Listed Price
●
Land -
Off Market
577 Red Rose Street
Spring Branch, TX 78070
Studio
0 Bath
$121,645
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
*** OVER THREE ACRES *** CULDESAC PRIVACY away from the beaten path
in this secluded setting within Mystic Shores. Reasonable
restrictions -- min 2000 SF, 50% masonry * NO MOBILES * NO MFG
HOMES * NO BARNDOMINIUMS * Gently rolling topography nestled among
the tree-lined hills near the north shore of Canyon Lake. Seasonal
creek along back edge provides a backdrop that is a NATURE-LOVER's
dream. Convenient access to I-35 & New Braunfels to the east
-&- US 281 ... Bulverde-Spring Branch, Blanco & San Antonio to
the west. Enjoy spectacular sunrises & sunsets and star-filled
nights. Lake & river fun area ! PLUS ~ Mystic Shores offers
amenities galore ~ huge lakeside park, walking trails, swimming,
sports courts & open-air pavilion. Buy now ~ build when ready.
Central water (septic reqd). IMPORTANT ~ ask for plat & maps before
you go
Unit Size
-
Days on Market
-
Land Size
3.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
$102
HOA Dues
$25
Year Built
-
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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: 4 months ago (HAR #92350005)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2022 | Sold | ||
| Sold | |||
| Jun 12, 2021 | Listed by Powell Real Estate | $120,000 | |
| Listed by Powell Real Estate | |||
| | |||
|
*** OVER THREE ACRES *** CULDESAC PRIVACY away from the beaten path in this secluded setting within Mystic Shores. Reasonable restrictions -- min 2000 SF, 50% masonry * NO MOBILES * NO MFG HOMES * NO BARNDOMINIUMS * Gently rolling topography nestled among the tree-lined hills near the north shore of Canyon Lake. Seasonal creek along back edge provides a backdrop that is a NATURE-LOVER's dream. Convenient access to I-35 & New Braunfels to the east -&- US 281 ... Bulverde-Spring Branch, Blanco & San Antonio to the west. Enjoy spectacular sunrises & sunsets and star-filled nights. Lake & river fun area ! PLUS ~ Mystic Shores offers amenities galore ~ huge lakeside park, walking trails, swimming, sports courts & open-air pavilion. Buy now ~ build when ready. Central water (septic reqd). IMPORTANT ~ ask for plat & maps before you go
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About West Canyon Lake
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Listed by: Rodney Powell, Powell Real Estate
Last Updated: 4 months ago
Data Source: HAR , MLS# 92350005
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Last Updated: 4 months ago
Data Source: HAR , MLS# 92350005
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