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Medina 78056
7031 COUNTY ROAD 271
$18,900
● House - Off Market

7031 COUNTY ROAD 271

Mico, TX 78056
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,576 Ft²
$25,697
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

Just blocks off on Medina Lake on a 1/2 acre, property has two sheds and one storage out building. Built in 1958 the property needs some TLC.
Unit Size
1,576 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$8
Property Type
House
Property Taxes
$86
HOA Dues
-
Year Built
1958

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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: 6 months ago (LERA #970097)

Price History

Date / Event Date Event Price
Nov 30, 2012 Sold
Premium
Sold
Oct 13, 2012 Listed by Cabo-Tejas Properties Limited $11,900
Listed by Cabo-Tejas Properties Limited

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 1
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,002
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,052
  • Gross Building Area: 3,600
  • Building Area: 2,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,052
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOEHMES ADDITION
  • Land Acres: 0000000505
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: BOEHME LAKEVIEW LOT 22 & 31

Neighborhood

  • School District Name: Medina Valley Independent School District
  • School Tax School District: RFM SMV
  • Census Tract: 000104

Geography

  • Account Number: 0S0012-00000-00022-21298
  • Parcel: 21298
  • Lot: 22,31
  • Municipality: MICO
  • Latitude: 29.5429
  • Longitude: -98.9234

    Address

  • Full Address: 7031 County Road 271
  • Address - House Number: 7031
  • Address - Street Name: County Road 271
  • State: TX
  • City Name: Mico
  • Carrier Code: H007
  • 4-Digit Zip Code: 5224
  • Zip Code: 78056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58,348
  • Tax Rate Code Area: FED1 GME H

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 62
  • Final Value: 221,658
  • High Value: 279,698
  • Low Value: 163,617

    Market Valuation

  • Market Total Value: $126,910
  • Market Land Value: $28,830
  • Market Improvement Value: $98,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $126,910
  • Assessed Land Value: $28,830
  • Assessed Improvements Value: $98,080

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 08, 2012
  • Current Sale Recording Date: Nov 16, 2012
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2012008014
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 Medina

Stats & Trends

Median Asking:

$384,990

Sale Price/ft²

$184

Below Asking

0.03%

Average Days on Market

99

Average Home Size

2363 ft²

Average Home Age

15.9 years

Currently For Sale

518 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: Duncan Campbell, Cabo-Tejas Properties Limited
Last Updated: 6 months ago
Data Source: LERA, MLS# 970097
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 7031 County Rd 271 built and last sold?
The property at 7031 County Rd 271 was built in 1958 and last sold on Nov 8, 2012 for $0.
How much is this home worth?
The estimated value of the home located at 7031 County Rd 271 is $29,358.
What are some comparable homes to 7031 County Rd 271?
There are currently no comparable homes to 7031 County Rd 271.
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