8716 Ranch Road 12, San Marcos TX 78666

San Marcos, TX 78666 | Oakwood Hills Unrec

Ed's Opinion of Value

$545,664 Ed's Estimate: $782,812 $1,132,063
Lowest Comp Recommended List: $855,000 to $875,000 Highest Comp
Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $782,812. I'd recommend coming to market at $855,000 to $875,000 to strike the right balance between value and market velocity. In the current OAKWOOD HILLS UNREC market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. The larger floor plan (1,152 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1986, this home is 16 years older than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in OAKWOOD HILLS UNREC (a buyer's market), competition is a factor to consider. The trend in 78666 shows prices have fallen 11.8% in the past 6 months. 1508 Oakwood LOOP, San Marcos TX 78666 nearby adjusts to $1,132,063; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group
4 Beds
3 Baths 3 Full
3,087 Sq Ft
10.56 Acres
1986 Built

About This Property

Truly one of the most incredible values for this type of property in the area. With over 10 acres and a well maintained 3,000+SF home this may just be undervalued. Spectacular 1.5 Story home with an amazing blend of characteristics and features. Nestled just south of Wimberley, a cedar lined wood cottage affording country living on 10+ acres. Comparable cottage efficiencies with 1 bed and 1 bath were last reviewed in late Oct & the going daily rate was approximately $150/night w the courtyard, large bathtub & separate adjacent indoor hot tub building included as a part of the prospective short term rental. The kitchen has undergone significant renovation & has plenty of space, cabinetry & countertop area for large gatherings. 2022 Home Measurement in accordance with American National Standards Institute estimates the interior square footage to be 3087. The first person to notice this home was marketed for hundreds of days as being under 2500sf will understand this rare opportunity. Use case for this property is extremely flexible given no major common restrictions on use case for STRs, Additional buildings etc. Frontage to RR12 also creates more opportunity.

Features

  • Granite Counters
  • Kitchen Island
  • Primary Bedroom on Main
  • Walk-In Closet(s)

Location

Schools

School District San Marcos ISD
Elementary Hernandez
Middle School Doris Miller
High School San Marcos

Property Details

Property Type Residential
Flooring Carpet, Laminate, Tile
Cooling Central Air
Heating Electric
Exterior Private Yard, See Remarks
County Hays
MLS # 9334527

Tax Information

Annual Taxes (MLS) $12,734 (2022)

Listing History

MLS# 9334527 15 days (420 CDOM)
Jun 1, 2023 Off Market
Apr 27, 2023 Listed $925,000

Frequently Asked Questions About 8716 Ranch Road 12, San Marcos TX 78666

When was 8716 Ranch Road 12, San Marcos TX 78666 built?

8716 Ranch Road 12, San Marcos TX 78666 was built in 1986.

How much does 8716 Ranch Road 12, San Marcos TX 78666 cost?

8716 Ranch Road 12, San Marcos TX 78666 sold on June 1, 2023. Contact us for sale price details.

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