640 Rainbow RDG, Canyon Lake TX 78133

Canyon Lake, TX 78133 | River Point Estates

Ed's Opinion of Value

$442,064 Ed's Estimate: $717,283 $1,299,900
Lowest Comp Recommended List: $541,000 to $551,000 Highest Comp
Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $717,283. I'd recommend coming to market at $541,000 to $551,000 to strike the right balance between value and market velocity. With 6 comparable homes on the market in 78133, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. The larger floor plan (282 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1975, this home is 16 years older than the average comp, which is reflected in the adjustments. There are currently 6 similar homes on the market in 78133, ranging from $499,000 to $1,450,000. The trend in 78133 shows prices have fallen 15.7% in the past 6 months. 3420 Lariat Ridge, New Braunfels TX 78132 nearby adjusts to $815,966; with a smaller floor plan and a pool. Based on 7 relevant data points in 78133, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
5 Beds
4 Baths 4 Full
2,774 Sq Ft
1.0116 Acres
1975 Built

About This Property

SELLER FINANCING AVAILABLE! LOCATION! LOCATION! LOCATION! COMPLETELY REMODELED AND OPERATING SHORT-TERM RENTAL ON THE HORSESHOE WITHIN WALKING DISTANCE TO THE GUADALUPE RIVER AND WHITEWATER AMPITHEATER. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. No flood plain issues with this one and just walk to the tube rental and then into the water for your relaxing two-hour float. The five-bedroom and four-bathroom home was taken down to the studs and redone from the inside out. New plumbing, electrical, septic tank and field, AC, flooring, drywall, windows, doors, designer plumbing and electrical fixtures, solid wood cabinets with soft close and quartz countertops throughout. The attention to detail is obvious when you walk through and some of the vintage original details are visible. Great neighborhood that is at the heart of all the action. The home can be purchased with all the furniture for your complete turnkey vacation rental or second home. Don't miss your opportunity to own this home today.

Features

  • 2 Primary Baths
  • 2 Primary Suites
  • Ceiling Fan(s)
  • Vaulted Ceiling(s)
  • Quartz Counters
  • Double Vanity
  • Electric Dryer Hookup
  • French Doors
  • High Speed Internet
  • Multiple Dining Areas
  • Multiple Living Areas
  • Open Floorplan
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Comal ISD
High School Canyon Lake

Property Details

Property Type Residential
Flooring Tile, Vinyl
Cooling Ceiling Fan(s), Central Air, Heat Pump
Heating Electric, Forced Air
Exterior See Remarks
County Comal
MLS # 5962958

Tax Information

Annual Taxes $5,844 (2023)

Listing History

MLS# 5962958 81 days (78 CDOM)
Jul 23, 2024 Off Market
May 7, 2024 Price Change $689,000
Apr 15, 2024 Listed $699,000

Frequently Asked Questions About 640 Rainbow RDG, Canyon Lake TX 78133

When was 640 Rainbow RDG, Canyon Lake TX 78133 built?

640 Rainbow RDG, Canyon Lake TX 78133 was built in 1975.

How much does 640 Rainbow RDG, Canyon Lake TX 78133 cost?

640 Rainbow RDG, Canyon Lake TX 78133 sold on July 23, 2024. Contact us for sale price details.

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