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Blanco 78606
766 Cielo Springs
$94,000
● Land - Off Market

766 Cielo Springs

Blanco, TX 78606
bedrooms
Studio
bathrooms
0 Bath
$151,492
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Cielo Springs is a lovely country subdivision with 2 to 5 acres lots.  Bring your horses, have a great garden, view of the quaint little town of Blanco.  Only minutes to the Blanco State Park on the Blanco River, Vaaler Creek Golf Course minutes away, 1,800 minimum sq. ft. for 1 story home, 2,200 for 2 story home. Only 1 hr to Austin or San Antonio, work in the city and come home to the Texas Hill Country at night.  Enjoy the shopping and short trips in the Hill Country in the evenings or weekends.  ENJOY!.
Unit Size
-
Days on Market
-
Land Size
5.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$155
HOA Dues
$17
Year Built
-

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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 #1184325)

Price History

Date / Event Date Event Price
Aug 23, 2017 Sold
Premium
Sold
Jun 3, 2016 Listed by Fore Premier Properties $95,000
Listed by Fore Premier Properties

Property Highlights

Building Info

Overview

    General

  • 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: 585
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,107
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,605
  • Gross Building Area: 5,738
  • Building Area: 2,605
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,605
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CIELO SPRINGS
  • Land Acres: 0000005030
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: CIELO SPRINGS , BLK 02 , LOT 12 , ACRES 5.03

Neighborhood

  • School District Name: Blanco Independent School District
  • Census Tract: 950202

Geography

  • Account Number: 122503
  • Parcel: R17711
  • Block: 2
  • Lot: 12
  • Municipality: BLANCO
  • Latitude: 30.0742
  • Longitude: -98.4219

    Address

  • Full Address: 766 Cielo Springs Dr
  • Address - House Number: 766
  • Address - Street Name: Cielo Springs
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Blanco
  • Carrier Code: H005
  • 4-Digit Zip Code: 5564
  • Zip Code: 78606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $803,587
  • Tax Rate Code Area: FBL GBL GW

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 66
  • Final Value: 859,817
  • High Value: 1,066,689
  • Low Value: 652,946

    Market Valuation

  • Market Total Value: $807,140
  • Market Land Value: $270,010
  • Market Improvement Value: $537,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $807,140
  • Assessed Land Value: $270,010
  • Assessed Improvements Value: $537,130

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2010
  • Current Sale Recording Date: Jul 20, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 102168
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 Blanco

Stats & Trends

Median Asking:

$580,000

Sale Price/ft²

$263

Below Asking

0.03%

Average Days on Market

104

Average Home Size

2379 ft²

Average Home Age

19.2 years

Currently For Sale

181 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

Unit for rent at 380 Blanco Avenue, TX, 78606

$730 /mo

  • 1 Bed
  • 1 Bath
380 Blanco Avenue, TX, 78606 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
LERA

Listed by: Sharon Herbert, Fore Premier Properties
Last Updated: 6 months ago
Data Source: LERA, MLS# 1184325
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 766 Cielo Springs Drive built and last sold?
The property at 766 Cielo Springs Drive was built in and last sold on Jul 16, 2010 for $65,000.
How much is this home worth?
The estimated value of the home located at 766 Cielo Springs Drive is $95,950.
What are some comparable homes to 766 Cielo Springs Drive?
There are currently no comparable homes to 766 Cielo Springs Drive.
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