Seller's Agent in 2023
Tiffany Russell
Tiffany Russell Group
(512) 554-2620
2 in this area
97 Total Sales
107 Wright Dr Cedar Creek, TX 78612
Estimated Value: $847,954
2.07
Acres
$409,640
Price per Acre
90,169
Sq Ft Lot
Highlights
- 2.07 Acre Lot
- Gazebo
- Kennel or Dog Run
- Pasture Views
About This Lot
As of November 2023Strategic Location & High Visibility RV park, situated on Hwy 21, boasts excellent advertising visibility due to the high traffic count. This prime location captures the attention of potential residents and passersby, maximizing the potential for a steady influx of tenants. A convenience store is supposed to by built across the street and will further enhance the park's appeal. The park's closeness to Tesla and COTA, along with the thriving towns of Bastrop and Kyle, makes it highly desirable for Tesla workers and guests. With 24 lots, the mobile home park provides ample space for growth and expansion. We are actively researching the potential for covered areas and additional land, allowing for the accommodation of more residents and increasing revenue opportunities. Tenants are responsible for their own electricity, each lot equipped with its own meter. Additionally, Spectrum Internet/cable is provided to residents, ensuring reliable and high-speed connectivity. The park boasts a diverse clientele, with some residents staying for over four years. We have always focused on providing an affordable, attractive, and fully functional living environment. This commitment has resulted in long-term, loyal tenants contributing to the park's stability. As of June 9, the mobile home park is fully occupied, indicating high demand in the area. Furthermore, we are investigating two additional sites for potential expansion, allowing further growth and profitability. In addition to the rental income, the mobile home park generates extra revenue through leased washing machines and dryers. This arrangement eliminates owner maintenance responsibilities while providing a consistent income stream, with the owner receiving 20-30% of the revenue. The park offers several amenities to enhance the residents' experience, including a fenced dog park, a covered pavilion with picnic tables for the park or individual events, and an additional green area for games and recreation.
Last Agent to Sell the Property
Tiffany Russell Group License #0508600 Listed on: 07/03/2023
Property Details
Property Type
- Land
Year Built
- Built in 2019
Lot Details
- 2.07 Acre Lot
- Kennel or Dog Run
Parking
- Parking Pad
Interior Spaces
- 2 Sq Ft Home
- Pasture Views
Utilities
- No Utilities
Listing and Financial Details
- Assessor Parcel Number R64074
- 2% Total Tax Rate
Community Details
Overview
- Association Phone (512) 773-7154
- Heritage Oaks Sec 1 Subdivision
- Property managed by Fhc Consolidated
Building Details
- Operating Expense $43,560
- Net Operating Income $80,940
Recreation
- Gazebo
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2023
Closed on
Nov 20, 2023
Sold by
Fhc Consolidated
Bought by
107 Wright Gp Llc
Seller's Agent
Tiffany Russell
Tiffany Russell Group
Buyer's Agent
Tiffany Russell
Tiffany Russell Group
List Price
$899,000
Views
51
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.36%
Original Mortgage
$446,000
Outstanding Balance
$301,429
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Estimated Equity
$546,525
Purchase Details
Closed on
Jul 15, 2006
Sold by
Trueland Management Llc
Bought by
Wallace Virginia B
Purchase Details
Closed on
Jun 18, 2006
Sold by
Wallace Virginia B
Bought by
Fhc Consolidated
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 107 Wright Gp Llc | -- | Austin Title Company | |
| Wallace Virginia B | -- | North American Title | |
| Fhc Consolidated | -- | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 107 Wright Gp Llc | $446,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2023 11/20/23 | Sold | -- | -- | -- |
| 08/23/2023 08/23/23 | Pending | -- | -- | -- |
| 07/18/2023 07/18/23 | For Sale | $899,000 | 0.0% | $449,500 / Sq Ft |
| 07/18/2023 07/18/23 | Pending | -- | -- | -- |
| 07/03/2023 07/03/23 | For Sale | $899,000 | -- | $449,500 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,899 | $632,502 | $199,032 | $433,470 |
| 2023 | $9,899 | $636,719 | $223,627 | $413,092 |
| 2022 | $11,769 | $621,046 | $182,277 | $438,769 |
| 2021 | $7,393 | $373,236 | $186,572 | $186,664 |
| 2020 | $3,621 | $177,417 | $71,791 | $105,626 |
| 2019 | $1,287 | $60,700 | $60,700 | $0 |
| 2018 | $1,287 | $60,700 | $60,700 | $0 |
| 2017 | $1,353 | $60,700 | $60,700 | $0 |
| 2016 | $1,353 | $60,700 | $60,700 | $0 |
| 2015 | $1,311 | $60,700 | $60,700 | $0 |
| 2014 | $1,311 | $60,700 | $60,700 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tiffany Russell
Map
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 4158830
APN: 64074
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