NOT LISTED FOR SALE

616 Frostwood Dr New Braunfels, TX 78130

-- Bed
-- Bath
1,954 Sq Ft
0.3 Acres

Last Sold June 13, 2022

31 Days on Market

Highlights

  • River View
  • Traditional Architecture
  • Ceiling Fan
  • Goodwin Frazier Elementary School Rated A-
  • Central Heating and Cooling System
  • Property has 1 Level

About This Home

As of June 2022

PROPERTY DESCRIPTION
This investment property is a great option to add to, or start your Real Estate
Investment Portfolio with. Ask agent about additional duplexes for sale. The
Summerwood Subdivision is a well known and quite neighborhood on the Guadalupe
River. It is centrally located with easy access to Downtown, Loop 337, public parks with
rivers, shopping and restaurants. The Summerwood Subdivision, also comes with a
number of amenities, some of those being a tennis court, and river access.

OFFERING SUMMARY
Sale Price: $369,000
Number of Units: 2
Lot Size: 0.303 Acres
Building Size: 1,954 SF
NOI: $19,335.18
Cap Rate: 5.24%

PROPERTY HIGHLIGHTS
Investment Property
Fully Occupied
Rent Bumps Possible (mo/mo leases)
NEW: Dimensional Shingle Roof & One New AC Unit
River Access
Tennis Court

INVESTMENT:
CURRENT RATE
---------------------
CAP RATE 5.24%
GRM 15.30

Rent Rate 616 : $950.00 3/2
Rent Rate 618: $1,050.00 2/1

Last Agent to Sell the Property

Kristin Schmidt

NCG Commercial Real Estate License #0672762 Listed on: 05/10/2022

Last Buyer's Agent

Kelle Wirt

Horizon Realty License #0626268

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.3 Acre Lot
  • Back Yard Fenced

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Traditional Architecture
  • Masonry

Interior Spaces

  • 1,954 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • River Views

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • 2 Units
  • Summerwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 59977

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Directions: Take Loop 337 towards IH35 from Green rd. Turn right on Summerwood. Turn left on Sandlewood. Turn left on Frostwood Drive. Property is on the right side of the cul-de-sac.
  • Garage Yn: No
  • Unit Levels: One
  • Lot Size Acres: 0.303
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex,Multi Family
  • Prop. Type: Residential
  • Road Surface Type: Concrete
  • Building Stories: 1
  • Subdivision Name: Summerwood
  • Water Body Name: Guadalupe River
  • Year Built: 1981
  • Special Features: None
  • Stories: 1

Interior Features

  • Accessibility Features: Other, See Remarks
  • Appliances: Other, See Remarks
  • Fireplace Features: Other, See Remarks
  • Interior Amenities: Ceiling Fan(s), See Remarks
  • Living Area: 1954.0
  • Private Spa: No
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Masonry
  • Fencing: Back Yard
  • Foundation Details: Other, See Remarks
  • Lot Features: City Lot, 1/4 to 1/2 Acre Lot
  • Pool Features: None
  • Property Condition: Resale
  • Roof: Composition, Shingle
  • View: River
  • View: Yes
  • Waterfront Features: Dock Access, Water Access
  • Waterfront: No

Garage/Parking

  • Carport Spaces: 2.0

Utilities

  • Cooling: 2 Units
  • Cooling Y N: Yes
  • Heating: Central, Multiple Heating Units
  • Heating Yn: Yes
  • Laundry Features: Other, See Remarks
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Park, Tennis Court(s), Dock

Schools

  • Junior High Dist: Comal ISD

Lot Info

  • Parcel #: 59977
  • Zoning Description: C-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 1

Tax Info

  • Tax Year: 2020

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Off Market -- -- --
06/13/2022 06/13/22 Sold -- -- --
06/09/2022 06/09/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $369,000 0.0% $189 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $369,000 -- $189 / Sq Ft
Source: Central Texas MLS (CTXMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kristin Schmidt

    NCG Commercial Real Estate

    Section Image

  • K

    Buyer's Agent in 2022

    Kelle Wirt

    Horizon Realty

See All Agents

Map

Source: Central Texas MLS (CTXMLS)

MLS Number: 471414

Central Texas MLS (CTXMLS)
Texas Comal County New Braunfels 78130

616 Frostwood Dr, New Braunfels, TX

This home is located at 616 Frostwood Dr, New Braunfels, TX 78130 since 10 May 2022. This property was built in 1981. 616 Frostwood Dr is a home located in Comal County with nearby schools including Goodwin Frazier Elementary School, Church Hill Middle School, and Canyon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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